More Choice for Buyers, But Saskatchewan’s Supply Gap Holds – August 2026 Market Update

More Choice for Buyers, But Saskatchewan’s Supply Gap Holds

For most of 2026 the story has been the same: not enough homes, no matter the month. August finally broke the pattern — a little. More listings came to market, inventory ticked up, and buyers head into fall with slightly more to look at. It is real progress. It is also nowhere near enough to close a gap that took years to open.

Saskatchewan reported 1,510 residential sales in August, down three percent from August 2025 but still more than eight percent above the 10-year average. Even with the pullback, sales stayed comfortably above where they would sit in a typical August.

Listings Finally Move the Needle

2,277 new listings came to market in August, up more than four percent year-over-year — though new listing activity remained nearly eight percent below historical levels. Of the 4,920 units available province-wide at month-end, close to 1,000 were already conditionally sold. Strip those out and Saskatchewan entered September with 3,933 active residential listings, up from 3,858 a month earlier, and 2.60 months of supply — an improvement on July’s 2.33.

Chris Guérette, CEO of the Saskatchewan REALTORS® Association, called it “a little movement in the right direction,” while cautioning that “one month of modest improvement doesn’t erase a supply deficit years in the making.” Inventory is still five percent below August 2025 and more than 42 percent below the 10-year average.

Prices Ease for a Second Month

The provincial benchmark price settled at $381,600 in August, down from $383,500 in July but still more than three percent higher than August 2025. Two consecutive monthly dips do not make a downturn. With supply this tight, this continues to look like a plateau rather than the start of a descent.

Regional Highlights

• Yorkton–Melville was the only region to post year-over-year sales gains, up six percent and well above its 10-year average.
• Despite declines elsewhere, five of the six regions continue to report sales well above their 10-year averages.
• Supply sits between 45 and 51 percent below the 10-year average for the month across the regions.
• Saskatoon–Biggar (2.51 months of supply) and Regina–Moose Mountain (2.85 months) are again the tightest of the six economic regions, as they have been all year.

Price Trends

All but two Saskatchewan communities reported year-over-year price gains in August, and two communities set new benchmark price records — the fifth consecutive month of record prices being posted somewhere in the province. Gains were more modest than in recent months, with the strongest coming from:

• Humboldt — up over 7 percent year-over-year, the strongest growth in the province
• Estevan — up 7 percent
• North Battleford — up 5 percent

Regina Market Update

Regina recorded 332 sales in August, down seven percent year-over-year but still outpacing the 10-year average. Nearly 500 new listings came to market, a second consecutive month of year-over-year gains, yet steady demand kept meaningful relief out of reach. Of the 797 units available at month’s end, 224 were conditionally sold and expected to leave the market — putting the Queen City at 1.72 months of supply heading into September, up from 1.43 in early August. Regina’s benchmark price was $348,900, easing slightly from July’s $349,800 but over three percent above August 2025.

Saskatoon Market Update

Saskatoon posted 446 sales in August, down just one percent year-over-year and seven percent above long-term trends.

The bigger story is on the supply side. New listings grew by more than 12 percent year-over-year — a genuinely welcome development in the most supply-constrained market in Saskatchewan. Of the 965 available units at month-end, 239 were conditionally sold, leaving 726 active units and 1.63 months of supply heading into September. That is up from 1.27 a month ago — a real shift in the province’s most constrained market, even if it remains a long way from balanced.

Saskatoon’s residential benchmark price came in at $444,700, down from July’s $447,600 and three percent higher than August 2025.

What This Means for Buyers and Sellers

If you are selling: More competition arrived on the market in August, and buyers noticed. At 1.63 months of supply Saskatoon is still firmly seller-friendly territory, but list-it-and-it-sells is no longer automatic at every price point. Pricing to the current benchmark and presenting the home well is what now separates a quick sale from a listing that sits.

If you are buying: This is the most choice you have had all year. Twelve percent more new listings in Saskatoon means more homes to genuinely compare, and the provincial benchmark has eased two months running. Conditions still favour sellers, so stay pre-approved and ready to move — but you have a little more room to be selective than you did in the spring.

Looking ahead: Fall is the test. August showed that listings can build faster than sales absorb them. Whether that holds through September and October will decide whether buyers see durable choice or a quick return to scarcity. With inventory still more than 40 percent below what we would normally expect, this gap will take far longer than one good month to close.

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.