Strong Buyer Demand Continues as Saskatchewan Approaches Record Sales in 2025

Saskatchewan’s housing market closed out 2025 with one of the strongest performances in provincial history, recording the second-highest annual home sales total on record. Strong activity through December capped off a year defined by steady demand, limited inventory, and continued confidence across communities throughout the province.

December alone saw 792 home sales, representing a near three percent increase compared to the same month last year and well above the ten-year average. That momentum helped Saskatchewan finish 2025 with 16,222 total home sales, edging one percent higher than 2024 and securing the second-strongest sales year ever recorded.

Demand Continues to Outpace Supply

While new listings saw modest increases at various points throughout the year, near-record demand continued to place pressure on housing supply. Inventory levels reached record lows during 2025, and December was no exception. New listings declined four percent year-over-year and remained well below long-term norms.

Even with typical seasonal slowdowns allowing months of supply to rise above four months provincially in December, overall inventory levels remained tight. Active listings were down 12 percent compared to December 2024 and finished the year nearly 50 percent below the ten-year average. Of the 3,410 units available at year-end, 540 were already conditionally sold, leaving just 2,870 active listings entering 2026.

This prolonged imbalance highlights a key theme that continues to shape the Saskatchewan market, demand remains strong, while available supply struggles to keep pace.

Pricing Trends Reflect Market Resilience

Provincial residential benchmark prices remained stable as the year closed. The benchmark price stood at $359,000 in December, slightly lower than November, in line with typical seasonal patterns. Despite the modest month-over-month dip, prices were seven percent higher than December 2024, reflecting the sustained upward pressure created by low inventory and consistent buyer demand.

Market fundamentals throughout 2025 were supported by population growth, employment gains, and a more favourable interest rate environment, reinforcing confidence across both buyers and sellers.

Regional Market Performance

Several regions across the province continued to outperform historical trends. Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw, and Yorkton-Melville all recorded sales levels that exceeded 2024 totals. While year-over-year growth was moderate, overall activity in these regions remained well above long-term averages.

Saskatoon-Biggar and Regina-Moose Mountain continued to experience the tightest market conditions in Saskatchewan, with months of supply sitting at 2.9 and 4.1 respectively. Even with seasonal improvements, supply levels in both regions remain more than 50 percent below historical norms.

Price Growth Across Saskatchewan Communities

Strong demand paired with limited inventory drove price growth across nearly every market in the province throughout 2025. In December, all but one community reported year-over-year benchmark price increases.

The City of Melville led the province with nearly 16 percent annual price growth, followed by Yorkton at 14.3 percent, Swift Current at 11.9 percent, Humboldt at 10.6 percent, and Moose Jaw at 8.1 percent.

City of Saskatoon Market Snapshot

Saskatoon continued to lead the province in market tightness and sales activity. December recorded 270 home sales, a six percent increase year-over-year and nearly 24 percent above the ten-year average. With 5,113 sales for the year, 2025 marked the second-strongest year on record for the city.

Inventory conditions remained extremely tight, with just over two months of supply available. Active listings were 50 percent below the ten-year average, with 569 units available at year-end. After accounting for conditionally sold properties, Saskatoon entered January with just 439 active listings.

The city’s benchmark price sat at $417,700 in December, slightly lower than November but more than six percent higher than the same time last year.

City of Regina Market Snapshot

Regina recorded 164 home sales in December, down 17 percent year-over-year. Despite the monthly decline, sales remained four percent above long-term December averages. With 2024 setting a record sales benchmark, Regina’s 2025 performance remained strong, finishing only two percent below the previous year and nearly 24 percent above the ten-year average.

Inventory remains a significant challenge heading into 2026. At year-end, Regina had 475 units available, with 126 conditionally sold, leaving just 349 active listings. This places inventory levels nearly 50 percent below historical averages.

Regina’s benchmark price reached $330,900 in December, up from November and nearly seven percent higher than December 2024.

Looking Ahead to 2026

As Saskatchewan enters 2026, the core challenge remains clear. Demand continues to be strong across the province, while supply remains constrained. For builders, developers, and homebuyers alike, the coming year will hinge on whether new housing supply can rise to meet sustained market demand.

For D&S Homes, these conditions reinforce the importance of thoughtful, high-quality new construction that aligns with how and where Saskatchewan residents want to live.