Saskatchewan Real Estate Market Update – May 2025
The Saskatchewan real estate market continues to outperform national trends, showing remarkable resilience amid tight inventory and economic uncertainty. According to the latest statistics for May 2025, the province recorded 1,750 residential sales, a slight 4.6% year-over-year decrease, but still 16.4% above the 10-year average for May.
Inventory rose slightly to 5,008 active listings, offering modest relief to buyers. However, with over 900 conditionally sold units, true inventory remains exceptionally tight—over 40% below the 10-year average. New listings reached 2,898, helping to inject some supply into a fast-paced market.
The benchmark price reached a record-high $369,500, up 8.5% year-over-year. Numerous communities, including Saskatoon, Regina, Moose Jaw, Prince Albert, and Humboldt, posted record price gains—some soaring as much as 18% compared to last year.
“This marks the 23rd straight month of above-average sales activity,” said SRA CEO Chris Guérette. “While national markets cool, Saskatchewan remains strong thanks to our economic fundamentals and persistent housing demand.”
With months of supply down to 2.86, Saskatchewan continues to be a seller’s market. If current trends persist, further price appreciation and competitive conditions may be expected through the summer.
FAQs
How many homes were sold in Saskatchewan in May 2025?
There were 1,750 residential sales in Saskatchewan in May 2025, a 4.6% decline from May 2024.
What is the current benchmark home price in Saskatchewan?
The benchmark price in Saskatchewan reached $369,500 in May 2025, an 8.5% increase year-over-year.
Are inventory levels improving?
Inventory saw a slight increase to 5,008 units, but remains more than 40% below the 10-year average.
Which Saskatchewan cities saw record-high prices?
Cities like Humboldt, Prince Albert, Moose Jaw, Saskatoon, and Meadow Lake reported record-high benchmark prices in May 2025.
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