Saskatchewan’s housing market wrapped up 2025 with one of the strongest performances in its history, recording the second-highest annual home sales total on record. Strong activity in December capped a year defined by sustained demand, tight supply, and continued confidence across the province.
A total of 792 homes sold in December, representing a nearly three percent increase year-over-year and well above the 10-year average for the month. That momentum helped propel Saskatchewan to 16,222 home sales in 2025, up one percent from 16,119 sales in 2024—marking the second-strongest sales year ever recorded in the province.
While new listings saw modest increases at various points throughout the year, near-record demand continued to pressure supply. Inventory reached record-low levels during 2025, and that trend persisted into year-end. In December, new listings declined by four percent year-over-year and remained well below historical norms.
“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” said Association CEO Chris Guérette. “This marks our 30th consecutive month of above-average sales—a level of sustained performance that’s rare and speaks to the strength of demand across the province.”
Seasonal trends allowed months of supply across the province to rise above four months in December. Even so, inventory levels were down 12 percent compared to December 2024 and finished the year nearly 50 percent below the 10-year average. Of the 3,410 units available at year-end, 540 were conditionally sold and expected to leave the market, leaving just 2,870 active listings heading into the new year.
The province’s residential benchmark price stood at $359,000 in December, down slightly from $360,500 in November, consistent with typical seasonal patterns. Despite the modest month-over-month dip, prices were still seven percent higher than December 2024, when the benchmark sat at $337,800.
“Saskatchewan’s housing market demonstrated remarkable strength and resilience in 2025, supported by population growth, employment gains, and a more favourable interest rate environment,” Guérette added. “Looking ahead to 2026, the most pressing challenge remains inventory. Demand is still there—the key question is whether supply can keep pace.”
Regional Highlights
The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville regions all reported sales that exceeded 2024 levels. While year-over-year gains were modest, annual sales across these regions significantly outperformed long-term historical trends.
As seen throughout much of 2025, Saskatoon-Biggar (2.9 months of supply) remains among the tightest markets in the province. Despite seasonal improvements in December, supply levels in the region are still more than 50 percent below the 10-year average.
Price Trends
Strong demand combined with low inventory continued to drive price growth across Saskatchewan. In December, all but one community reported year-over-year price increases to close out the year.
The City of Melville once again posted the strongest benchmark price growth, with prices up nearly 16 percent year-over-year. Other notable increases included Yorkton (14.3 percent), Swift Current (11.9 percent), Humboldt (10.6 percent), and Moose Jaw (8.1 percent).
City of Saskatoon
Saskatoon recorded 270 home sales in December, a six percent increase year-over-year and nearly 24 percent above the 10-year average. With 5,113 sales in 2025, the city posted its second-strongest year on record, up nearly two percent from 2024 and 22 percent above the long-term average.
Saskatoon remained the tightest market in the province, with just over two months of supply and inventory levels 50 percent below the 10-year average. Of the 569 units available at year-end, 130 were conditionally sold and expected to exit the market, leaving 439 active listings heading into January.
The city’s benchmark price was $417,700 in December, down slightly from $421,000 in November but more than six percent higher than December 2024, when prices averaged $395,300.
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