Saskatchewan Housing Market Ends 2025 on a High Note

by Jo-Anne Larre

Saskatchewan’s housing market finished 2025 with one of the strongest performances in its history, cementing it as the second-highest annual home sales total on record. The year ended with 30 consecutive months of above-average sales, a rare streak of sustained momentum.

In December alone, the province reported 792 sales—a nearly 3% increase year-over-year and well above the 10-year average. This strong finish capped off a year of 16,222 total sales, edging past 2024 numbers by 1%.

Despite modest monthly gains in listings throughout the year, inventory remains exceptionally tight. Inventory levels ended the year down 12% compared to December 2024 and nearly 50% below the 10-year average. Of the 3,410 active listings at year-end, 540 were conditionally sold, leaving just 2,870 available units heading into 2026.

“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.”

The provincial residential benchmark price stood at $359,000, down slightly from $360,500 in November. This modest month-over-month dip aligns with seasonal trends; however, prices remain 7% higher than in December 2024, reflecting the continued pressure of high demand on low supply.

Regional Highlights

Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville all reported annual sales figures that significantly outperformed historical trends.
Saskatoon-Biggar (2.9 months of supply) and Regina-Moose Mountain (4.1 months of supply) continue to report the tightest market conditions in the province.
Both regions continue to report supply levels over 50% below the 10-year average, despite seasonal improvements.

Price Trends

Strong demand paired with low inventory drove price gains across the province, with all but one community reporting year-over-year sales gains to end the year.
City of Melville reported the strongest monthly growth with prices up nearly 16%.
Four other communities recorded substantial annual price growth, including:
- Yorkton (+14.3%)
- Swift Current (+11.9%)
- Humboldt (+10.6%)
- Moose Jaw (+8.1%)

Regina Market Update

164 sales in December (down 17% year-over-year, but still 4% above long-term trends).
2025 Annual Sales were the second strongest on record, nearly 24% above the 10-year average.
Inventory remains a challenge with 475 active units. With 126 conditionally sold, there are just 349 available listings heading into 2026.
Benchmark price: $330,900 (up slightly from November and nearly 7% higher than December 2024).

Saskatoon Market Update

270 sales in December (up 6% year-over-year and nearly 24% above the 10-year average).
2025 Annual Sales reached 5,113, marking the second-strongest year on record.
Inventory remains the tightest in the province with 569 active units. With 130 conditionally sold, there are just 439 available listings moving into January.
Benchmark price: $417,700, down slightly from November but still 6% higher than last year.

What This Means for Buyers and Sellers

Saskatchewan demonstrated remarkable resilience in 2025, supported by population growth, employment gains, and a more favorable interest rate environment. For sellers, the severe lack of inventory—especially in Saskatoon and Regina—means competition remains high and prices are holding strong.

For buyers, the challenge heading into 2026 remains supply. Demand is clearly present, but the number of available homes is hovering at record lows. Success in 2026 will likely depend on moving quickly when listings hit the market and navigating a landscape where supply struggles to keep pace with demand.

The bottom line: Saskatchewan closes the books on a historic year, and with inventory levels starting 2026 at rock bottom, the market is poised to remain competitive.