Record Prices. Tight Supply. Rising Competition.
Saskatchewan’s residential housing market is heating up — and fast. For the second month in a row, record‑setting prices and persistently low inventory are shaping a market where buyers face increasing competition and affordability pressures across the province.
📉 Sales Hold Strong, But Supply Remains the Story
April saw 1,404 residential sales across Saskatchewan — down 4% year-over-year, yet still 9% above the 10‑year average. Demand remains steady, but the real headline is supply.
2,109 new listings hit the market in April — an improvement from March, but still 20% below typical spring levels.
Total inventory rose slightly to 3,847 units, but nearly 800 of those are already conditionally sold.
That leaves just over 3,000 active properties province‑wide — translating to only 2.2 months of effective supply heading into May.
📌 In other words: homes are being absorbed almost as quickly as they appear.
SRA CEO Chris Guérette puts it plainly:
“We are no longer seeing temporary pressure — this is a structural supply challenge.”
💰 Prices Keep Climbing — And Fast
With supply unable to keep pace, prices continue to surge.
Nearly every community in Saskatchewan reported year-over-year price gains.
Martensville, Moose Jaw, North Battleford, Regina, Yorkton, and Warman all set new benchmark price records for the second month in a row.
The provincial benchmark price reached $347,300, up nearly 5% from April 2025.
Guérette warns:
“Affordability is being eroded faster than many people realize.”
While other provinces are seeing inventory build and sales cool, Saskatchewan is experiencing the opposite — strong demand, limited supply, and rising prices.
🌾 Regional Highlights
Some regions are outperforming expectations:
Saskatoon–Biggar and Swift Current–Moose Jaw posted year-over-year sales gains.
Four regions — including Regina–Moose Mountain and Yorkton–Melville — recorded sales above the 10‑year average.
Inventory remains tight everywhere:
Regina–Moose Mountain: 2.24 months of supply
Saskatoon–Biggar: 1.95 months of supply
Swift Current–Moose Jaw: slight improvement, but still 35% below the 10‑year average
All other regions: more than 50% below historical norms
📈 Price Trends Across Saskatchewan
All but one community posted year-over-year price gains in April — and several saw double‑digit growth.
Top performers include:
Melville: +17%
Yorkton: +15%
Swift Current: +12%
Humboldt: +9%
Estevan: +9%
Six communities hit new price records for the second straight month.
🏙️ City Snapshots
Regina
347 sales (down 4% YoY, but 16% above the 10‑year average)
New listings down 8% YoY
Only 1.6 months of supply — dropping to 1.2 months once conditional sales are removed
Benchmark price: $345,700 (new record)
Saskatoon
450 sales (up 2% YoY, 12% above the 10‑year average)
Inventory remains 50% below historical norms
Only 1.6 months of supply, or 1.1 months after removing conditional sales
Benchmark price: $433,200 (slightly below March’s record, but still up 3% YoY)
🔍 What This Means for Buyers & Sellers
For Buyers:
Expect competition. Homes are selling quickly, and prices are rising across nearly every market. Pre‑approval and fast decision‑making are more important than ever.
For Sellers:
This is one of the strongest spring markets Saskatchewan has seen. Low supply and high demand continue to push prices upward — a strategic listing could deliver exceptional results.
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📞Contact Conrad Kruger | eXp Realty | 306 941 1684
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