Saskatchewan home sales surge in June as inventory hits record lows

Saskatchewan’s housing market continued to defy expectations in June, with strong buyer demand absorbing new listings almost as fast as they arrive, pushing inventory to historic lows and benchmark prices to another record high, according to the Saskatchewan Realtors Association (SRA).

The association reported 1,849 residential sales in June, up five per cent from a year earlier and more than 18 per cent above the 10-year average. Through the first half of 2026, sales have run nearly eight per cent above long-term historical trends, SRA said, a sign of sustained demand across the province.

Chris Guérette, CEO of the Saskatchewan Realtors Association, said demand — not supply — is now the defining story in the market.

“More homes are coming onto the market than they did a year ago, but buyers are purchasing them almost as quickly as they’re listed,” she said. “That’s why inventory continues to tighten, why months of supply have reached historic lows, and why we’re seeing another month of record benchmark prices.”

Inventory tightens despite listing gains

New listings rose six per cent year over year to 2,735, SRA reported, but the increase has done little to ease conditions. Inventory remains nearly 50 per cent below the 10-year average, and months of supply fell to 2.51 — the lowest level ever recorded for June.

The imbalance continues to push prices higher. Saskatchewan’s residential benchmark price reached $385,900 in June, another all-time record and up nearly five per cent from a year earlier, according to association data.

Every region posts sales gains

All six provincial economic regions reported year-over-year sales growth in June, and numerous communities set new benchmark price records. Even where inventory improved modestly, gains were quickly absorbed by buyer activity, reinforcing the supply-and-demand imbalance provincewide.

Saskatoon-Biggar and Regina-Moose Mountain continue to report the tightest conditions in the province. Regina-Moose Mountain, Saskatoon-Biggar, Swift Current-Moose Jaw and Yorkton-Melville are all posting sales above their 10-year averages.

“This is ultimately a success story for Saskatchewan—but success brings new responsibilities,” said Guérette. “People want to build their lives here. Businesses are investing here. Our economy continues to create opportunity. If we want that momentum to continue, we have to ensure the housing market can grow alongside it.”

“Every new worker, every young family and every new resident needs somewhere to call home,” she added. “Meeting that demand is one of the biggest opportunities in front of us.”

Regina and Saskatoon set new records

Regina reported a June record of 432 sales, up eight per cent year over year and 23 per cent above the 10-year average. Year-to-date sales remain below 2025 levels but are running 11 per cent above the 10-year average for the first half of the year.

New listings improved modestly, but record sales left little room for relief: Regina entered July with 1.6 months of supply, nearly 50 per cent below its 10-year average. The city set a new benchmark price record of $356,400, up from May’s record of $350,200 and five per cent higher than June 2025.

Saskatoon posted 589 sales in June, among its strongest on record and 22 per cent above the 10-year average, according to SRA. New listings rose 17 per cent year over year, but the city still reported the tightest conditions in the province, with inventory 43 per cent below its 10-year average and just 1.6 months of supply heading into July. Saskatoon’s benchmark price hit a new record of $448,400, up from May’s $444,400 and nearly five per cent higher than a year earlier.

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