Tight Inventory Continues as Demand Holds Steady Heading Into Spring

Saskatchewan’s housing market entered March with a familiar theme: strong buyer demand paired with limited housing supply. While February sales were slightly lower than the record activity seen in recent years, the market remains healthy and closely aligned with long term trends as the spring buying season approaches.

Across the province, 825 homes sold in February, representing a 16 percent decrease compared to the same time last year and about two percent below the 10 year average for the month. Even with this moderation, overall activity through the first part of 2026 remains consistent with historical market performance.

Limited Listings Continue to Shape the Market

One of the most significant factors influencing Saskatchewan’s housing market continues to be a shortage of available homes.

New listings in February declined seven percent compared to last year and remain 31 percent below the 10 year average. With fewer homes entering the market, inventory levels have struggled to keep up with demand.

By the end of February, 3,519 homes were listed across Saskatchewan, but more than 700 of those properties were already conditionally sold, leaving just 2,792 homes actively available for buyers.

This ongoing shortage of inventory continues to shape the pace of sales and the options available to buyers throughout the province.

Home Prices Continue to Rise

With demand holding steady and supply remaining limited, home prices have continued to trend upward.

The provincial benchmark home price reached $363,800 in February, increasing from $359,500 in January and sitting over six percent higher than February 2025.

Every major community across Saskatchewan reported year over year price growth once again, with several smaller markets seeing particularly strong gains. Cities such as Estevan, Melville, Humboldt, and Moose Jaw all experienced notable increases in benchmark prices over the past year.

Saskatoon Market Snapshot

Saskatoon continues to experience some of the tightest housing market conditions in the province.

The city recorded 271 home sales in February, which represents a 16 percent decrease from last year and sits slightly below the 10 year average for the month.

New listings also declined during the same period, limiting the number of homes available for buyers. At the end of February, 614 properties were listed in Saskatoon, but 164 were already conditionally sold, leaving only 450 homes actively available heading into March.

Despite the limited supply, prices continue to show steady growth. The Saskatoon benchmark home price reached $421,600, rising from $417,800 in January and standing five percent higher than February 2025.

What This Means for Buyers and Sellers

As Saskatchewan moves closer to the spring market, the key factor to watch will be new housing supply. When more homes become available, sales activity often increases quickly as buyers who have been waiting for the right opportunity move into the market.

For buyers, limited inventory means preparation and quick decision making are essential. For sellers, the current environment continues to offer strong pricing and competitive interest from qualified buyers.

Looking Ahead

If new listings begin to increase in the coming months, the market could move toward a healthier balance between buyers and sellers. Until then, Saskatchewan’s housing market is expected to remain competitive, with demand continuing to outpace available inventory in many communities.

For those considering building a custom home or purchasing a newly constructed property, this environment highlights the value of working with an experienced builder who understands the evolving market and can deliver quality homes that meet today’s buyer expectations.

If you are exploring the opportunity to build in Saskatoon or surrounding communities, D&S Homes would be happy to help you take the next step.