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Saskatchewan's housing market maintained its strength in October, posting the second-highest sales numbers ever recorded for the month. With 1,433 homes sold, sales were slightly down—by almost six percent—compared to last year’s record-breaking figures. However, these results still far exceed historical norms, marking the 28th consecutive month of above-average sales activity that began in mid-2023. This ongoing momentum reflects strong, sustained demand in the province’s real estate market, despite the slight dip in sales.
The number of new listings also saw a notable uptick in October, with 1,922 homes coming onto the market, an 11 percent increase compared to the same month in 2024. Despite this rise in listings, available inventory remained well below long-term averages, largely due to continued high sales volume. The result is a market where supply is still significantly constrained—nearly 50 percent lower than the 10-year average—posing an ongoing challenge for buyers trying to find available homes in the province.
Even amidst global economic uncertainty and broader market shifts, Saskatchewan's housing sector continues to show remarkable resilience. The benchmark price for residential properties in the province stood at $362,700 in October, down slightly from September but still nearly six percent higher than the same time last year. This sustained price growth, alongside continued strong sales in major urban centers like Saskatoon and Regina, suggests a high level of confidence in Saskatchewan’s real estate market. As the year progresses, the outlook remains positive, with expectations for sales to remain above historical averages well into November.
The number of new listings also saw a notable uptick in October, with 1,922 homes coming onto the market, an 11 percent increase compared to the same month in 2024. Despite this rise in listings, available inventory remained well below long-term averages, largely due to continued high sales volume. The result is a market where supply is still significantly constrained—nearly 50 percent lower than the 10-year average—posing an ongoing challenge for buyers trying to find available homes in the province.
Even amidst global economic uncertainty and broader market shifts, Saskatchewan's housing sector continues to show remarkable resilience. The benchmark price for residential properties in the province stood at $362,700 in October, down slightly from September but still nearly six percent higher than the same time last year. This sustained price growth, alongside continued strong sales in major urban centers like Saskatoon and Regina, suggests a high level of confidence in Saskatchewan’s real estate market. As the year progresses, the outlook remains positive, with expectations for sales to remain above historical averages well into November.
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