Saskatchewan’s housing market strengthened again in May 2026, with both prices and sales posting monthly gains as the province continues to face mounting supply pressures. According to the Saskatchewan REALTORS Association, the provincial benchmark price reached a new record of $381,100, capping a third consecutive month of record-setting prices amid an ongoing imbalance between supply and demand.
May 2026 Market Overview
The province recorded 1,571 residential home sales in May, down 10 per cent year-over-year but reflecting typical seasonal patterns. There were 2,600 new listings added across Saskatchewan in May — the highest monthly total recorded so far in 2026. However, inventory remains constrained, with only 4,399 units at month-end and more than 1,000 already conditionally sold.
When accounting for conditional sales, there are just 3,397 available units — representing only 2.2 months of supply heading into June. While that’s up slightly from 3,087 units last month, it sits nearly 50 per cent below the 10-year average.
Provincial Benchmark Price Hits New Record
The provincial residential benchmark price reached $381,100 in May, surpassing April’s record of $374,300. That’s up 1.8 per cent month-over-month and 3.8 per cent above May 2025 — a new all-time high. Seven communities across Saskatchewan established new benchmark price records, while all but one community reported year-over-year price growth.
The continued rise in prices despite improvements in inventory underscores the extent to which supply shortages continue to shape market conditions across the province.
Our economy is growing, our population is growing, and people continue to choose Saskatchewan as a place to live and build their future. The challenge is that housing supply is not growing at the same pace.
Chris Guérette, CEO, Saskatchewan REALTORS Association
Regional Breakdown
City of Regina
Regina recorded 350 sales in May, down 17 per cent year-over-year but still outperforming the 10-year average. Despite an 11 per cent decline in new listings, inventory improved slightly from April to nearly 2 months of supply (1.4 months when accounting for conditional sales). The city set a new benchmark price record of $350,200, up from $345,700 in April and nearly 4 per cent above May 2025.
City of Saskatoon
Saskatoon recorded 519 sales in May, down 4 per cent year-over-year but over 10 per cent above the 10-year average. The province’s largest urban centre continues to report the tightest conditions, with only 1.6 months of supply (1.1 months after conditional sales). Saskatoon’s residential benchmark price hit a record $444,400, up from $433,200 in April.
Other Communities
Seven communities set new benchmark price records in May: Humboldt, Martensville, Moose Jaw, Regina, Saskatoon, Warman, and Weyburn. Melville reported the strongest year-over-year price growth for the third consecutive month at +11 per cent, followed by Yorkton at +10 per cent, Estevan at +7 per cent, and Humboldt at +6 per cent.
Key Trends Driving the Market
- Supply-demand imbalance persists: All six economic regions reported year-over-year sales declines in May, yet Saskatoon-Biggar (1.96 months) and Regina-Moose Mountain (2.49 months) remain the tightest in the province — 45 to 56 per cent below typical levels.
- New listings picking up: The 2,600 new listings were the highest monthly total in 2026, a positive signal for buyers facing limited choice.
- Price growth broadening: All but one community reported year-over-year price gains, with double-digit growth in several smaller centres.
- Economic growth driving demand: Saskatchewan’s growing population and economy continue to fuel housing demand that outpaces supply additions.
What This Means for Agents
For real estate agents in Saskatchewan, these conditions represent real opportunity. With inventory still far below historical averages and demand remaining strong, listing appointments are more important than ever. Homeowners sitting on significant equity gains may be motivated to sell — especially as the spring and summer markets heat up.
Agents who focus on prospecting for listings, particularly in tight markets like Saskatoon and Regina, are well-positioned to capture business. The record benchmark prices across seven communities also create urgency — many homeowners may not realize how much their property has appreciated.
Thinking about a career in real estate? Now is a great time to get started. Connect with Century 21 Fusion to learn about our training and support programs.