Regional breakdowns showed all six economic regions posted year-over-year sales gains
Saskatchewan’s housing market continued its remarkable run in September, posting 1,528 sales across the province. That's the second-highest total ever recorded for the month and extending a streak of above-average activity to 27 consecutive months.
The latest figures, released by the Saskatchewan Realtors Association, revealed sales were up 10% year-over-year and stood 26% above the province’s 10-year average.
“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.”
Inventory remained a persistent concern. While new listings rose five percent year-over-year, they were still nine percent below the 10-year average. Inventory levels dropped 14% compared to last year and are now more than 40% below historical norms.
With nearly 950 of the 4,896 active properties conditionally sold and expected to exit the market, just 3,958 homes remained available heading into October.
“Sales volumes continue to outpace 2024 levels, our second-strongest year on record, and we’re 20 percent higher than the 10-year average through the first three quarters of 2025,” Guérette said.
“While transaction volumes in the coming months will ease with seasonal trends, the sustained demand we’re seeing is beyond impressive, and all signs point to continued momentum as we look to finish the year strong.”
Regional breakdowns showed all six economic regions posted year-over-year sales gains, with the Regina-Moose Mountain and Saskatoon-Biggar regions experiencing the tightest market conditions.
Inventory shortages were widespread, with Swift Current-Moose Jaw, Yorkton-Melville, and Prince Albert reporting less than five months of supply.
Home prices continued to rise across the province for the fifth consecutive month. Estevan led with a 15% year-over-year jump in benchmark price, followed by Humboldt at 14%. Melfort, Weyburn, Moose Jaw, and Prince Albert also saw double-digit gains.
In Regina, 375 homes changed hands in September. That's an 18% increase year-over-year and the highest September total on record for the city. New listings climbed 16%, but the surge in sales kept inventory tight, with just 577 properties available heading into October.
Regina’s benchmark price dipped to $337,000, down slightly from August but still five percent higher than a year ago.
Saskatoon reported 426 sales, down one percent year-over-year but more than 20% above the 10-year average. The city’s benchmark price slipped to $431,400, a seasonal decline from August’s record but still seven percent higher than September 2024.
Saskatchewan’s relative affordability and economic stability could be behind its sustained housing demand, even as other Canadian markets have cooled in response to higher interest rates and tighter lending conditions.
TD Economics said that Saskatchewan led the country with annual home price growth exceeding 10% in half of 2025’s first eight months, buoyed by strong job gains and tight supply. It also posted strong gains in both housing investment and starts, according to Scotiabank's latest Provincial Outlook.
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