Saskatchewan’s housing market stayed hot through September, marking the second-strongest September on record with 1,528 homes sold across the province. That’s a 10% increase year-over-year and a remarkable 26% above the 10-year average — extending Saskatchewan’s streak to 27 consecutive months of above-average sales.
While new listings increased slightly (up 5% from last year), they remain 9% below long-term averages. Combined with near-record sales, that has pushed inventory down another 14% year-over-year and left the province sitting at more than 40% below historical levels.
Of the 4,896 active listings in September, nearly 950 were already conditionally sold, leaving just under 4,000 homes available heading into October — a clear sign of continued buyer demand and a highly competitive market.
Saskatoon Market Snapshot
Saskatoon recorded 426 home sales in September, down just 1% year-over-year but still 20% above its 10-year average.
The city saw 726 new listings, up 11% from last year, helping to add some inventory — but demand continues to keep supply tight. By the end of September, 250 of the 942 active listings were conditionally sold, leaving 678 available homes heading into October.
Saskatoon’s benchmark price settled at $431,400, a slight dip from August’s record high of $435,900. Even so, prices remain 7% higher than September 2024, showing the market’s underlying strength.
Price Trends Stay Strong
The province’s benchmark home price settled at $368,300 in September — a slight, seasonal dip from August, but still 7% higher than last year. Strong sales and limited supply continue to fuel price growth in markets large and small.
Guérette added, “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. Even as sales ease seasonally, demand remains exceptionally strong heading into year-end.”
Regina Market Snapshot
Regina had a standout month with 375 home sales in September — an 18% jump year-over-year and a massive 37% above the 10-year average, marking the strongest September on record for the city.
Even with 469 new listings (up 16% year-over-year), fast-paced sales meant no real relief in supply. Of the 780 active listings, more than 200 were conditionally sold by month’s end, leaving 577 homes available as October began.
The city’s benchmark price was $337,000 in September — slightly down from August’s $341,300, following normal seasonal patterns — but still 5% higher than this time last year.
What This Means for You
Whether you’re thinking about buying or selling, Saskatchewan’s market is still buzzing with activity and opportunity. Low inventory and steady price growth mean it’s a great time to list your home — and for buyers, being prepared and working with a local real estate expert can help you stay competitive.
If you’re ready to make your next move, let’s chat about your goals and find the right strategy for today’s market.
