Saskatchewan on Pace to Surpass 2024 Sales Levels as November 2025 Activity Holds Steady

Saskatchewan’s housing market continues to prove its resilience, delivering another standout month in November.

This milestone marks the 29th consecutive month of above-average sales activity across the province. With 15,430 sales year-to-date, we are firmly on track to surpass 2024 levels, underscoring the ongoing strength of our local economy. While November sales (1,073) dipped 9% compared to last year, they remained 12% above the long-term 10-year average, defying the typical seasonal slowdown.

High Demand Meets “True” Inventory

While new listings saw a slight uptick to 1,376, they remain well below historical norms. Inventory levels across the province are currently sitting 45% below the 10-year average. When we look closer at the numbers, the supply situation is even tighter than it appears. Of the 4,165 active listings reported in November, 708 were already conditionally sold. This leaves just 3,457 properties truly available for buyers across the entire province heading into December.

“November’s statistics reinforce what we have been seeing all year: strong demand, resilient activity, and a market that continues to outperform expectations,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “We are on pace to exceed last year’s near-record sales, and we are doing that with significantly less inventory.”

Prices Show Continued Growth

The provincial benchmark home price adjusted slightly to $360,500 in November, consistent with normal seasonal cooling (down from $362,700 in October). However, the broader trend is undeniable: prices remain 7% higher than November 2024, driven by buyer confidence and tight supply.

“Buyers continue to show confidence in our market despite tight conditions… But we can’t overlook the impact of short-term policy proposals that restrict supply,” Guérette added. “Saskatchewan’s momentum depends on a coordinated, supply-focused approach from decision makers heading into 2026.”

Regional Highlights

While sales volume dipped seasonally, value continues to grow. For the seventh consecutive month, home prices increased year-over-year in every region of Saskatchewan.

• Melville led the province with substantial 20% price growth year-over-year.

• Estevan (16%), Swift Current (15%), and Yorkton (15%) also posted impressive gains.

• Humboldt and Weyburn both saw increases of 13%, highlighting the widespread demand in secondary markets.

City Spotlights

Regina The Queen City continues to see steady appreciation. Regina reported a benchmark price of $329,300 in November. While this is a slight dip from October—aligning with seasonal norms—it represents a solid 6% increase compared to November 2024. The market remains competitive as we head toward the new year.

Saskatoon Saskatoon recorded 372 sales in November, just 2% shy of last year’s pace but a remarkable 25% above the 10-year average. Supply remains the biggest challenge in the province’s largest city. While new listings rose, strong sales absorbed the stock quickly.

• The Reality Check: Of the 808 active listings at month’s end, 217 were conditionally sold. This left only 591 available properties for buyers entering December.

• Price Strength: Saskatoon’s benchmark price actually ticked up to $421,000 (from $420,300 in October), standing over 6% higher than a year ago.

Key Takeaway

Saskatchewan remains a standout market in Canada, defined by persistent demand and significant supply constraints. As we approach 2026, the data suggests that despite seasonal cooling, the fundamental momentum of the market is stronger than ever.

Information provided by Saskatchewan Realtors Association