Low Inventory Keeps Its Grip on Saskatchewan’s Summer Market – July 2026 Market Update

Low Inventory Keeps Its Grip on Saskatchewan’s Summer Market

Summer is supposed to be the season of choice. More homes come to market, more buyers come out, and everyone gets a little breathing room. July 2026 did not quite follow that script. Activity cooled from last year’s record pace, yet the shelves stayed close to bare — and that combination is what defined the month.

Saskatchewan reported 1,653 residential sales in July, down 11 percent from the record-setting July of 2025 but still comfortably above long-term norms. Through the first seven months of 2026, provincial sales remain more than eight percent above the 10-year average.

More Listings — Still Not Enough

New listings totalled 2,453 in July, and 4,792 properties were available across the province at month-end. Roughly 950 of those, however, were already conditionally sold. Strip those out and Saskatchewan entered August with just 3,858 active residential listings, or 2.33 months of supply — more than 50 percent below the long-term average for this point in the year.

Chris Guérette, CEO of the Saskatchewan REALTORS® Association, noted that the market “continues to feel much tighter than people would expect” for this time of year. Sales have moderated; supply has not caught up. The pressure has not really lifted.

Prices Take a Breath

For the first time in several months, the provincial benchmark price eased modestly from June’s record high. Before anyone reads that as a turn in the market, look at the year-over-year figure: prices are still running nearly four percent above July 2025. This looks far more like a plateau at high altitude than the start of a descent.

Regional Highlights

• Every economic region except Northern posted year-over-year sales declines in July — yet those five regions still sold well above their 10-year averages.
• All six economic regions reported year-over-year price gains.
• Saskatoon–Biggar (2.10 months of supply) and Regina–Moose Mountain (2.57 months) remain the tightest markets in Saskatchewan, though both saw some inventory relief compared to June.

Price Trends

All but two Saskatchewan communities reported year-over-year price gains. Six communities set new benchmark price records, marking the fourth consecutive month of record prices being posted somewhere in the province:

• Estevan — up 8 percent year-over-year, the strongest growth in the province for a second straight month
• North Battleford — up 6 percent
• Humboldt — up 6 percent
• Melville — up 6 percent

Regina Market Update

Regina recorded 382 sales in July, down seven percent year-over-year but more than 18 percent above the 10-year average for the month. New listings improved modestly, though steady sales absorbed most of that gain. Of the 755 units available at month’s end, 208 were conditionally sold and expected to leave the market — putting the Queen City at 1.43 months of supply heading into August. Regina’s benchmark price was $349,800, easing from June’s record $356,400 but three percent above July 2025.

Saskatoon Market Update

Saskatoon posted 539 sales in July, down 11 percent year-over-year yet 18 percent above the 10-year average.

New listings ticked up again, but above-average sales kept meaningful relief out of reach. Of the 928 available residential units at month-end, 244 were conditionally sold, leaving 684 active units — just 1.27 months of supply heading into August. That is still the tightest inventory position in the province.

Saskatoon’s residential benchmark price came in at $447,600, a shade below June’s record $448,400 and nearly four percent higher than July 2025.

What This Means for Buyers and Sellers

If you are selling: A softer sales month does not mean a softer market. With Saskatoon sitting at 1.27 months of supply and a benchmark price within $800 of its all-time high, well-priced homes in good condition are still meeting real competition. The difference now is that buyers are slightly more selective — presentation and realistic pricing matter more than they did in the spring.

If you are buying: There is a sliver of good news. Both Saskatoon–Biggar and Regina–Moose Mountain saw modest inventory improvement over June, and the provincial benchmark stepped back a touch. It is not a buyer’s market, but it is marginally less frantic. Stay pre-approved, keep watching new listings daily, and be ready to move within days rather than weeks.

Looking ahead: Inventory is the number to watch through the rest of the summer. Whether buyers gain any real choice heading into fall depends almost entirely on whether listings keep building faster than sales absorb them. Saskatchewan’s affordability advantage is still genuine — but it continues to narrow.

Let’s Talk About Your Move

Provincial and city-wide numbers give you the backdrop, but every neighbourhood and price point tells its own story. I would be glad to give you a clearer read on yours.

📩 Contact me today for a personalized home evaluation or a current market snapshot for your Saskatoon neighbourhood.