Saskatchewan’s housing market remained red-hot in October, with 1,433 sales recorded across the province — the second-highest total on record for the month. While sales were down nearly six percent compared to last year’s record-breaking October, resale activity continues to outpace long-term trends.
Supply Still Tight Despite More Listings
There were 1,922 new listings in October, an 11 percent increase year-over-year but still below historical norms. Even with more properties hitting the market, strong sales activity kept inventory levels nearly 50 percent below the 10-year average.
By month’s end, 828 of the 4,483 active listings were conditionally sold and expected to exit the market soon — leaving 3,655 available properties heading into November.
“October marked the 28th consecutive month of above-average sales activity in Saskatchewan, an impressive streak that began in mid-2023,” said Association CEO Chris Guérette. “Year-to-date sales remain over 20 percent above the 10-year average, keeping us on track to surpass 2024’s results — our second-strongest year on record.”
Home Prices Ease Slightly, but Remain Up Year-Over-Year
Saskatchewan’s residential benchmark price came in at $362,700 in October, down from $368,300 in September. The slight month-over-month dip aligns with normal seasonal trends, but prices were still up nearly six percent compared to October 2024.
“Despite ongoing inventory challenges and broader economic uncertainty, Saskatchewan’s market continues to show remarkable resilience,” added Guérette. “What we’re seeing reflects the strong confidence people have in both our housing market and our province.”
Regional Highlights
The Saskatoon-Biggar region was the only area to see year-over-year sales gains, which comes as no surprise following a record-setting October in 2024. Still, all regions except the Northern region posted sales well above long-term, 10-year averages.
Tight market conditions persisted across the province, led by:
Regina-Moose Mountain: 2.63 months of supply
Saskatoon-Biggar: 2.38 months of supply
Across Saskatchewan, inventory levels remain 44 to 65 percent below the 10-year average — a clear indicator of ongoing supply challenges.
Price Trends Across the Province
Home prices continued to climb year-over-year in every region for the sixth consecutive month.
The City of Melville led the way with a 22 percent annual price increase, followed by strong gains in:
Yorkton: +15%
Estevan: +13%
Swift Current: +13%
Humboldt: +12%
Weyburn: +10%
City of Saskatoon
Saskatoon had another standout month, setting a new October sales record with 455 transactions — surpassing the previous record of 444 in 2024 and sitting 31 percent above the 10-year average.
New listings jumped 33 percent year-over-year, offering some relief to the city’s tight market. However, strong demand quickly absorbed that supply, keeping Saskatoon at under two months of inventory.
At month’s end, 229 of 891 active listings were conditionally sold, leaving 662 available properties for November.
Saskatoon’s benchmark price landed at $421,100, down from $431,400 in September, but still five percent higher year-over-year.
City of Regina
Regina recorded 362 sales in October, just two shy of the record set in 2024 and 41 percent above the 10-year average.
Despite 447 new listings, the surge in sales kept inventory tight — the city now sits at less than two months of supply. Of 720 active listings, nearly 200 were conditionally sold, leaving 532 available properties heading into November.
Regina’s benchmark price was $335,100 in October, slightly down from $337,000 in September, but five percent higher than in October 2024.
Bottom line: Saskatchewan’s housing market continues to show strength and resilience. While prices are adjusting seasonally, sustained demand and limited supply point to continued confidence — and competitiveness — heading into the end of the year.
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