More listings offer Saskatchewan homebuyers some breathing room

Saskatchewan homebuyers had slightly more choice in August as new listings increased and available supply edged higher, but inventory remains well below historical norms.

The province recorded 1,510 residential sales, down three per cent from August 2025 but more than eight per cent above the 10-year average, according to the Saskatchewan Realtors Association (SRA).

New listings rose more than four per cent year over year to 2,277, although they remained nearly eight per cent below historical levels.

Supply edges higher

Saskatchewan had 4,920 residential units available at the end of August, nearly 1,000 of which were conditionally sold and expected to leave the market.

Accounting for those conditional sales, the province entered September with 3,933 active residential listings, up from 3,858 at the beginning of August. Effective months of supply increased to 2.60 from 2.33.

“We finally saw a little movement in the right direction in August,” said SRA CEO Chris Guérette. “More listings came to market, sales remained above historical levels, and buyers are heading into September with slightly more choice.”

Despite the improvement, overall inventory was five per cent below August 2025 and more than 42 per cent below the 10-year average.

Prices remain above last year

The provincial benchmark price was $381,600 in August, down from $383,500 in July but more than three per cent higher than a year earlier.

All but two Saskatchewan communities recorded year-over-year price gains, while two set new benchmark price records.

Saskatoon, Regina remain tight

Saskatoon recorded 446 sales, down one per cent year over year but seven per cent above historical levels. New listings increased more than 12 per cent.

There were 965 units available at month-end, including 239 conditionally sold properties, leaving 726 active units and an effective 1.63 months of supply heading into September.

Regina recorded 332 sales, down seven per cent year over year but still above its 10-year average. Of 797 units available at month-end, 224 were conditionally sold, leaving the city with an effective 1.72 months of supply.

“That’s encouraging, but one month of modest improvement doesn’t erase a supply deficit years in the making,” Guérette said. “Inventory remains more than 40 per cent below what we would normally expect.”

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