More Choice Returns as Saskatchewan’s Market Cools for Fall – September 2026 Market Update

More Choice Returns as Saskatchewan’s Market Cools for Fall

Saskatchewan buyers are heading into fall with something they have not had much of this year: a little more choice. New listings rose in September, provincial inventory edged slightly above where it sat a year ago, and months of supply improved for the second consecutive month. Demand has not gone anywhere — it just has a bit more room to breathe.

Saskatchewan reported 1,361 residential sales in September, 11 percent below last year’s levels but still nine percent above the 10-year average for the month. Through the first nine months of 2026, sales are six percent below near-record levels and nearly 10 percent above the 10-year average.

Supply Moves in the Right Direction

2,182 new listings came to market in September, up five percent year-over-year. Months of supply improved nearly 13 percent year-over-year to 3.63 months — though that is still 48 percent below historical norms. Of the 4,940 units available province-wide at month-end, more than 900 were conditionally sold. Accounting for those, Saskatchewan entered October with 4,035 available residential units, or 2.96 months of effective supply.

Chris Guérette, CEO of the Saskatchewan REALTORS® Association, pointed to “encouraging signs of more choice returning to Saskatchewan’s housing market” for the second consecutive month, while cautioning, “We’re not declaring the supply challenge solved.” Inventory remains nearly 40 percent below what would typically be expected for September.

Prices Ease With the Season

The provincial benchmark price stood at $376,700 in September, down from $381,600 in August but nearly three percent higher than September 2025. The monthly dip lines up with typical seasonal trends, and all but three Saskatchewan communities continued to report year-over-year benchmark price gains.

As Guérette put it, “More choice creates opportunity for consumers.” For buyers, that can mean a little more time to weigh options; for sellers, it makes understanding local pricing and conditions more important than ever.

Regional Highlights

• Swift Current–Moose Jaw was the only region to post year-over-year sales gains, up one percent and 25 percent above its 10-year average.
• Four of the six regions reported sales well above their 10-year averages for September.
• Supply challenges persist across nearly every region, ranging from 32 percent below historical trends in Swift Current–Moose Jaw to 43 percent below in the Prince Albert, Regina, Moose Mountain, and Yorkton–Melville regions.

Price Trends

Seasonal trends brought month-over-month price declines across the province, but all but three communities saw year-over-year benchmark price gains. The standouts:

• North Battleford — up nearly 12 percent, the strongest benchmark price growth in the province
• Meadow Lake — up 10 percent
• Humboldt — up 6 percent

On the other side of the ledger, Weyburn (down 9 percent) and Estevan (down 6 percent) posted notable declines.

Regina Market Update

Regina recorded 327 sales in September, down 13 percent year-over-year but outpacing the 10-year average by nearly 15 percent. Nearly 500 new listings came to market — the third consecutive month of year-over-year gains. Of the 832 units available at month’s end, nearly 200 were conditionally sold, putting the Queen City at 2.54 months of supply heading into October, up from 1.72 in early September. Regina’s benchmark price was $343,900, down from August’s $348,900 and three percent higher than September 2025.

Saskatoon Market Update

Saskatoon posted 384 sales in September, down 10 percent year-over-year but more than eight percent above long-term historical trends for the month.

The encouraging news is on the supply side. New listings grew by more than six percent year-over-year — the second consecutive month of gains for the most supply-constrained market in the province. Of the 1,053 units available at month-end, 236 were conditionally sold, leaving 817 active units and 2.13 months of supply heading into October.

Saskatoon’s residential benchmark price was $439,600, down from August’s $444,700 and nearly three percent higher than September 2025.

What This Means for Buyers and Sellers

If you are selling: Saskatoon is still a competitive, seller-friendly market, but buyers now have more homes to compare. Homes priced in line with today’s benchmark and presented well continue to move — understanding your neighbourhood’s pricing and conditions is what separates a quick sale from a listing that lingers into winter.

If you are buying: More listings and a seasonal dip in prices give you a little more time to consider your options this fall. Conditions are still competitive, so get your pre-approval in place now and be ready to act when the right home comes along.

Looking ahead: With inventory still nearly 40 percent below normal for this time of year, Saskatchewan’s supply gap is far from closed. But two straight months of improving choice is a welcome shift — and a healthier market for buyers and sellers alike.

Let’s Talk About Your Move

Provincial and city-wide numbers give you the big picture, but your neighbourhood and price point have their own story. I would be happy to walk you through what this fall market means for you.

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

*Information provided by the Saskatchewan REALTORS® Association