Saskatchewan Market Update March 2026

🏡 Saskatchewan Market Update: Record Prices, Tight Supply, and a Spring Market Under Pressure

As we step into the spring market, Saskatchewan’s housing landscape is showing a familiar theme — strong demand, historically low inventory, and rising prices across nearly every community in the province.

Despite a slight year‑over‑year dip in March sales, Saskatchewan still recorded 1,256 residential transactions, keeping activity nearly 10% above long‑term averages. Buyers remain active, but the real story continues to be supply — or the lack of it.

📉 Inventory at Historic Lows

March brought 1,808 new listings, an improvement over February but still 25% below long‑term norms. With less than three months of supply available province‑wide, Saskatchewan is sitting more than 50% below typical inventory levels for this time of year.

This imbalance is driving prices upward.

“We are seeing record prices not because demand is accelerating, but because there simply are not enough homes available,” said Saskatchewan REALTORS® Association CEO Chris Guérette.

📈 Benchmark Prices Hit New All‑Time High

The provincial benchmark price climbed to $374,100, up from $363,800 in February and more than 6% higher than March 2025. Every community in Saskatchewan posted year‑over‑year price gains for the third month in a row.

🌎 Regional Highlights

Several regions saw notable strength in March:

• Northern Saskatchewan, Prince Albert, Swift Current–Moose Jaw, and Yorkton–Melville all posted year‑over‑year sales gains.

• All six economic regions reported sales above the 10‑year average.

• Inventory remains extremely tight everywhere — between 46% and 64% below long‑term norms.

📊 Price Trends Across the Province

Five Saskatchewan communities posted double‑digit price growth, and several reached record‑high benchmark prices, including:

• Martensville

• Moose Jaw

• North Battleford

• Regina

• Saskatoon

• Swift Current

• Warman

• Yorkton

The strongest monthly growth came from Melville, up more than 15% year‑over‑year, followed closely by Estevan, Yorkton, Swift Current, and Weyburn.

🏙️ City Snapshots

Regina

• 313 sales in March — up 5% year‑over‑year

• New listings down 4%

• Only 1.7 months of supply

• Record benchmark price: $343,700

With 181 of 522 listings conditionally sold, Regina enters April with just 341 active properties — a remarkably tight market.

Saskatoon

• 388 sales in March — down slightly year‑over‑year but still 8% above the 10‑year average

• New listings improved but remain well below historical norms

• 1.6 months of supply — the tightest in the province

• Record benchmark price: $435,200

Nearly 200 of the city’s 638 listings are conditionally sold, leaving only 440 active homes heading into spring.

🌱 What to Expect This Spring

A slower transition out of winter has delayed the usual surge of new listings. Unless supply improves meaningfully, upward pressure on prices is expected to continue — especially for first‑time buyers and those searching in high‑demand markets like Saskatoon, Regina, and the surrounding communities.

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Conrad Kruger | eXp Realty | 306 941 1684