Saskatchewan’s housing market showed no signs of cooling in September 2025, with 1,527 sales recorded across the province—a 10% increase year-over-year and 26% above the 10-year average. This marks the 27th consecutive month of above-average sales, underscoring the province’s ongoing market strength despite national slowdowns.
Steady Sales and Tight Supply
While new listings rose by 5% from last year, they remain 9% below long-term trends, keeping inventory conditions tight. The province ended September with 4,896 active listings, down 14% year-over-year and over 40% lower than historical averages. Of those, nearly 950 properties were conditionally sold, leaving just under 4,000 active homes heading into October.
With fewer homes available and consistent demand, months of supply dropped to 3.21, a 21% year-over-year decrease—well below balanced market conditions.
Benchmark Prices and Trends
The benchmark residential price for Saskatchewan dipped slightly month-over-month to $368,300, reflecting typical fall season trends. However, prices remain 7% higher than September 2024, sustained by strong sales activity and low supply across the province.
Regional Market Highlights
All six economic regions reported year-over-year sales gains in September, each outperforming the 10-year average. The Saskatoon-Biggar and Regina-Moose Mountain regions continue to experience the tightest market conditions, while areas like Swift Current–Moose Jaw, Yorkton–Melville, and Prince Albert all have less than five months of supply.
Price growth continues to be broad-based across Saskatchewan. The City of Estevan led with a 15% year-over-year increase, followed by Humboldt at 14%, while Melfort, Weyburn, Moose Jaw, and Prince Albert also saw double-digit price gains.
Looking Ahead
According to SRA CEO Chris Guérette, demand remains robust:
“Our province continues to chart its own path, defying national narratives and posting strong sales despite typical seasonal trends and ongoing inventory challenges.”
Even with seasonal slowdowns expected later in the year, Saskatchewan’s housing market is well-positioned for a strong finish in 2025, driven by affordability, local economic resilience, and consistent buyer confidence.
