📈 Saskatoon Real Estate Market Update – July 2025: Record-Breaking Sales and Prices Across Saskatchewan

Saskatchewan’s Housing Market Sets New Records in July 2025

The Saskatchewan real estate market continued its strong momentum in July 2025, achieving a new provincial sales record with 1,851 homes sold, an 11% increase over July 2024 and a staggering 30% above the 10-year average.

For Saskatoon in particular, July delivered an exceptional performance with 610 homes sold, up 17% year-over-year and nearly 40% above long-term trends.

Saskatoon Real Estate Snapshot:

• Sales: 610 (New July record)
• New Listings: 784 ( 11% YoY)
• Active Listings: 594 ( Over 45% below 10-year average)
• Benchmark Price: $435,100 ( 7% YoY, New Record)

Despite an increase in new listings, Saskatoon’s inventory continues to lag behind historical norms. Of the 895 properties listed at month-end, over one-third are already conditionally sold, leaving fewer than 600 homes actively available in August.

This demand-supply imbalance continues to put upward pressure on prices, with Saskatoon’s benchmark price reaching $435,100 — up from $432,700 in June and setting a new all-time high.

Province-Wide Housing Trends

• Sales up: 1,851 transactions ( 11% YoY)
• Benchmark Price: $372,700 ( Over 8% YoY, New Record)
• Active Listings: 4,174 available heading into August
• 25 consecutive months of above-average sales

The strong market activity has held inventory flat despite an increase in new listings, reinforcing the demand-supply tension across Saskatchewan.

What’s Driving the Market?

According to Saskatchewan REALTORS® Association CEO Chris Guérette:

“Saskatchewan’s housing market continues to benefit from a strong and growing economy, record population growth, and the lowest unemployment rate in the country.”

These economic fundamentals, combined with continued buyer interest, have fueled record demand in Saskatoon and beyond.

Price Gains Across the Province

July saw benchmark price records in multiple cities, including:

• Saskatoon
• Regina
• Swift Current
• Yorkton
• Humboldt
• Melville
• Meadow Lake

Eight communities even posted double-digit year-over-year price growth, with Humboldt leading at +17%.

Spotlight on Regina

• Sales: 412 ( 8% YoY)
• Benchmark Price: $343,300 ( 8% YoY)
• Active Listings: 607 heading into August

Regina also broke its July sales record, with tight market conditions pushing prices to a new high.

What Does This Mean for Saskatoon Buyers and Sellers?

For sellers, now is an ideal time to list. With inventory at historic lows and strong buyer demand, homes are selling quickly and often above asking price.

For buyers, navigating the market may require quick decision-making and competitive offers — but with the right REALTOR®, opportunities still abound.

Final Thoughts

July 2025 has proven that Saskatchewan — and Saskatoon specifically — remains one of Canada’s strongest and most active housing markets. With prices climbing and inventory tightening, staying informed and working with a local expert has never been more important.