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Saskatchewan’s housing market continues to defy national slowdowns, delivering another exceptional month in September. With 1,528 homes sold across the province, September marked the second-strongest sales on record for the month — up 10% year-over-year and 26% above long-term 10-year averages. This milestone also represents 27 consecutive months of above-average sales activity, underscoring the province’s ongoing market strength.
Sustained Demand Meets Tight Supply
While new listings rose 5% year-over-year, they remained 9% below long-term averages. Combined with strong sales, Saskatchewan’s inventory levels dropped 14% year-over-year and remain over 40% below historical norms. Of the 4,896 active listings reported in September, nearly 950 were conditionally sold, leaving just 3,958 properties available heading into October.
“Demand for housing remains strong across Saskatchewan, reflected in near-record September sales following one of our busiest summers ever,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “Our province continues to chart its own path, defying national narratives and posting strong sales despite typical seasonal trends and ongoing inventory challenges.”
Prices Hold Firm with Seasonal Adjustments
The provincial benchmark home price dipped slightly to $368,300 in September, consistent with typical fall trends. Despite the month-over-month softening, prices remain 7% higher than September 2024, supported by steady demand and limited inventory.
“Sales volumes continue to outpace 2024 levels — our second-strongest year on record — and we’re sitting 20% above the 10-year average through the first three quarters of 2025,” Guérette added. “While activity will likely ease with seasonal changes, Saskatchewan’s market fundamentals remain exceptionally strong.”
Regional Highlights
All six economic regions across Saskatchewan reported year-over-year sales growth in September, each posting activity well above the 10-year average.
The Regina–Moose Mountain and Saskatoon–Biggar regions remain the most competitive in the province, while Swift Current–Moose Jaw, Yorkton–Melville, and Prince Albert each report less than five months of supply, signaling continued seller’s-market conditions.
Price Trends by Region
For the fifth consecutive month, home prices increased year-over-year in every region of Saskatchewan.
- Estevan led with an impressive 15% price gain compared to last year.
- Humboldt followed closely at 14%, with Melfort, Weyburn, Moose Jaw, and Prince Albert also posting double-digit increases.
These widespread gains highlight strong confidence and resilient demand across urban and rural markets alike.
City Spotlights
Regina
The provincial capital recorded 375 sales in September — 18% higher year-over-year and 37% above the 10-year average — setting a new September record for sales volume.
Despite 469 new listings (up 16%), intense demand prevented any inventory buildup. With over 200 of the 780 active listings already conditionally sold, only 577 properties were fully available heading into October.
Regina’s benchmark price eased to $337,000, down from August’s $341,300, but still 5% higher than September 2024.
Saskatoon
Saskatoon reported 426 sales, essentially matching last year’s pace (down just 1%) and standing 20% above the long-term average.
The city welcomed 726 new listings (up 11% year-over-year), yet overall inventory stayed stable. Of the 942 active listings, more than 250 were conditionally sold, leaving 678 active properties as of month-end.
Saskatoon’s benchmark price settled at $431,400, slightly below August’s record $435,900, but still 7% higher than a year ago.
Key Takeaway
Saskatchewan’s housing market continues to stand out nationwide — a province defined by steady demand, limited supply, and resilient pricing. As 2025 enters its final quarter, momentum remains strong, and the province is well-positioned to close out the year on a high note.
*Information provided by Saskatchewan Realtors Association
