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Saskatchewan’s real estate market delivered impressive results this June, recording 1,768 home sales – the third busiest June in the province’s history. Sales rose six percent compared to June 2024, coming in nearly 15 percent above the 10-year average, highlighting the market’s ongoing strength despite persistent supply challenges and economic uncertainty.
Strong Sales Amid Tight Inventory
As Saskatchewan closed out the second quarter of 2025, sales activity remained consistent with last year’s near-record levels. In fact, 2024 marked the province’s second strongest year of sales on record, and the momentum has carried into 2025.
New listings offered a modest reprieve for buyers, leading to a slight inventory increase in June. However, inventory levels remain critically low: of the 5,215 units on the market at the end of June, nearly 1,100 were already conditionally sold, leaving only 4,144 active units available in early July. That’s over 40 percent below the province’s 10-year average for active listings.
“We’ve now seen monthly sales levels outpace the 10-year average for two whole years; that’s an incredible story that Saskatchewan is telling right now,” said Saskatchewan Realtors Association CEO Chris Guérette. “Near-record sales in 2024 and the strong start we’ve seen in 2025 – all while navigating the worst inventory challenges since 2007 – it’s beyond impressive.”
Record-Setting Prices Across the Province
Saskatchewan’s ongoing inventory shortage continues to fuel price growth. The provincial benchmark price reached an all-time high of $370,700 in June, up from $369,500 in May and eight percent higher than June 2024.
Several cities set new benchmark records for a second consecutive month, including Humboldt, Martensville, Melville, Moose Jaw, Swift Current, Regina, and Warman.
“We’re seeing record price growth for a second consecutive month – as high as 16 percent year-over-year in some markets – which speaks to the supply and demand challenges we’re experiencing right now,” added Guérette. “Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”
Regional Highlights
- Prince Albert, Regina-Moose Mountain, Saskatoon-Biggar, and Yorkton-Melville economic regions all posted year-over-year sales gains in June, with sales levels exceeding long-term averages.
- Regina-Moose Mountain (2.76 months of supply) and Saskatoon-Biggar (2.01) continue to experience the tightest conditions in the province, reflecting significant supply constraints.
Price Trends
- All Saskatchewan communities recorded year-over-year price gains for the second month running.
- Moose Jaw led the province with nearly 16 percent annual price growth, followed by Humboldt (15 percent), Melville (11 percent), Meadow Lake (10 percent), and Prince Albert (9 percent).
City Spotlights
Regina
Regina’s housing market remained strong in June, posting 402 sales – up over six percent year-over-year and nearly 17 percent above the 10-year average.
The city saw 568 new listings (an eight percent increase from last year), leading to a modest inventory bump. Still, with 207 of 818 available units already conditionally sold, Regina heads into July with only 611 active units – reinforcing tight market conditions.
The benchmark price in Regina hit a new record at $343,200 in June, surpassing the previous high of $340,800 in May and marking an eight percent annual increase.
Saskatoon
Saskatoon posted 575 sales in June, the second-highest number on record for the month. Sales climbed seven percent year-over-year and sat 22 percent above the long-term average.
The city saw a significant 18 percent increase in new listings, with 789 properties hitting the market. Despite this influx, inventory remains exceptionally low – 45 percent below historical norms. Of the 937 units available at month’s end, over a third are already conditionally sold, leaving just 600 active units heading into July.
Saskatoon’s streak of record benchmark prices paused in June, with the benchmark price dipping slightly to $432,700 from May’s $433,700. However, this still represents more than seven percent annual growth compared to June 2024.
The Takeaway
Saskatchewan’s housing market continues to demonstrate remarkable resilience in 2025, with above-average sales, tight inventory, and record-setting prices underscoring the province’s strong demand. Whether you’re considering buying, selling, or investing, now is an excellent time to connect with an experienced Saskatchewan realtor who understands these evolving market dynamics.
*Information provided by SRA
