Saskatchewan’s housing market ended 2025 with one of the strongest performances in its history, recording the second-highest annual home sales total on record. Strong December activity capped off a year defined by sustained demand, tight supply and continued confidence across the province.
Saskatchewan reported 792 home sales in December, a near three percent increase year-over-year and well above the 10-year average for the month. Strong December activity capped off the second-strongest sales year on record in Saskatchewan, with 16,222 sales across the province in 2025, up one percent from the 16,119 sales recorded in 2024.
Despite modest monthly gains in new listings at various points throughout 2025, near-record demand continued to pressure supply, driving inventory to record-low levels during the year. In December, new listings declined by four percent year-over-year and remained well below historical norms.
“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” said Association CEO Chris Guérette. “This marks our 30th consecutive month of above-average sales – a level of sustained performance that’s rare and speaks to the strength of demand across the province.”
Seasonal sales patterns allowed provincial months of supply to rise above four months in December. Even so, inventory levels were down 12 percent compared to December 2024 and ended the year nearly 50 percent below the 10-year average. Of the 3,410 units available at year-end, 540 were conditionally sold and expected to exit the market, leaving just 2,870 active listings heading into the new year.
The province’s residential benchmark price stood at $359,000 in December, down slightly from $360,500 in November, in line with typical seasonal trends. Despite the modest month-over-month decline, benchmark prices were seven percent higher than the $337,800 reported in December 2024.
“Saskatchewan’s housing market demonstrated remarkable strength and resilience in 2025, supported by population growth, employment gains, and a more favourable interest rate environment,” said Guérette. “Looking ahead to 2026, the most pressing challenge remains inventory. Demand continues to be there; the key question is whether supply can keep pace.”
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Regional Highlights
The Prince Albert, Saskatoon-Biggar, Swift Current-Moose Jaw and Yorkton-Melville regions all reported sales that outpaced 2024 sales levels. While year-over-year sales gains were modest in those four regions, annual sales figures significantly outperformed historical trends.
As seen throughout much of 2025, the Saskatoon-Biggar (2.9 months of supply) and Regina-Moose Mountain (4.1) regions continue to report the tightest market conditions in the province. Despite seasonal sales trends allowing the months of supply to improve in December, both regions continue to report supply levels over 50 percent below the 10-year average.
As seen throughout 2024, strong demand paired with low inventory drove price gains across the province. This trend continued in December, with all but one community across the province reporting year-over-year sales gains to end the year.
The City of Melville again reported the strongest monthly benchmark price growth, with prices up nearly 16 percent year-over-year. Other notable gains included Yorkton (14.3 percent), Swift Current (11.9), Humboldt (10.6), and Moose Jaw (8.1).
City of Regina
Regina reported 164 sales in December, a 17 percent year-over-year decrease. Despite the significant monthly decline, sales remained four percent above long-term trends for the month. Notably, 2024 was a record sales year in Regina, and 2025 maintained a close pace, with year-to-date sales only down two percent compared to the 2024 record, and annual sales nearly 24 percent above the 10-year average.
Inventory remains a challenge heading into the new year, as supply levels currently sit nearly 50 percent below the 10-year average. Of the 475 available units at year-end, 126 were conditionally sold and expected to leave the market, leaving just 349 active units heading into 2026.
Regina's residential benchmark price was $330,900 in December, up from $329,300 in November and nearly seven percent above the $313,400 reported in December 2024.
City of Saskatoon
Saskatoon reported 270 home sales in December, a year-over-year increase of six percent and nearly 24 percent above the 10-year average. With 5,113 annual sales, 2025 marks the second-strongest year on record in the Bridge City, up nearly two percent compared to 2024 and 22 percent above the 10-year average.
Consistent with trends seen throughout the year, Saskatoon remains the tightest market in the province, with just over two months of supply, and inventory levels 50 percent below the 10-year average. Of the 569 available units at year’s end, 130 were conditionally sold and expected to exit the market, resulting in 439 active units heading into January.
Saskatoon reported a benchmark price of $417,700 in December, down slightly from $421,000 in November but over six percent higher than the $395,300 reported in December 2024.
