Saskatchewan Housing Market: Strong Sales and Tight Inventory in August 2025

Saskatchewan’s housing market closed out the summer of 2025 with remarkable strength. According to the Saskatchewan REALTORS® Association, 1,559 residential sales were reported in August – up nearly 4% year-over-year and well above the 10-year average by 15%

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. This marks the 26th consecutive month of above-average sales across the province.

Sales Momentum Carries Through the Summer

While July set record-breaking numbers, August sales demonstrated that momentum is holding steady. Even as new listings fell by 5% year-over-year, Saskatchewan buyers remained active, keeping demand ahead of supply.

Provincial inventory ended the month at 5,168 active units, nearly unchanged from last year, but with more than 1,000 already conditionally sold, available supply entering September was only about 4,137 units

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Price Growth Continues

The provincial benchmark price for August settled at $372,200, down slightly from July’s peak of $372,700 but still 8% higher than August 2024

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In Saskatoon, the market reached a new milestone: a record benchmark price of $435,900

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Other communities also saw double-digit year-over-year price gains, including:

• Melfort: +19%

• Humboldt: +15%

• Estevan: +13%

• Moose Jaw: +12%

• Prince Albert: +12%

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Regional Market Highlights

• Saskatoon-Biggar and Regina-Moose Mountain reported the tightest market conditions, with months of supply at 2.4 and 2.9, respectively

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• Five of the six provincial regions now have inventory levels at least 40% below long-term averages, underscoring the ongoing supply challenge.

Outlook for Fall 2025

Although some seasonal slowing is expected in the coming months, demand remains resilient. Buyers continue to face competitive conditions, while sellers benefit from record pricing and historically low supply.

Saskatchewan’s market is proving its strength against national trends, positioning the province for a steady close to 2025.

FAQs

How many homes sold in Saskatchewan in August 2025?

There were 1,559 residential sales in August 2025, up nearly 4% year-over-year and 15% above the 10-year average.

What is the benchmark home price in Saskatchewan?

The provincial benchmark price in August 2025 was $372,200, an 8% increase from August 2024.

Which Saskatchewan city set a new price record?

Saskatoon reached a new record benchmark price of $435,900 in August 2025.

Are inventory levels improving in Saskatchewan?

No. Inventory remains tight, with August supply levels at least 40% below long-term averages in most regions.