The Saskatchewan housing market kicked off 2025 on a high note, with 782 home sales across the province in January. This marks a 1% increase year-over-year and a 17% surge above the 10-year average, making it the 19th consecutive month of above-average sales since June 2023.
📉 Limited Supply, Strong Demand
🏠 New listings dropped 2% YoY and remain nearly 28% below long-term averages.
🏘️ Inventory levels are down 19% YoY, sitting 44% below the 10-year average.
📊 Over 700 of the 3,925 available units at the end of January had already received conditional offers, highlighting persistent buyer demand.
💬 Market Outlook
"While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations," said Chris Guérette, CEO of the Saskatchewan REALTORS® Association. “We’re picking up right where we left off after a near-record 2024.”
📈 Saskatchewan Home Prices on the Rise
🏡 The benchmark home price in Saskatchewan reached $342,600 in January, up from $337,800 in December.
📊 Home prices have climbed nearly 7% YoY, signaling continued upward pressure amid tight supply.
⚠️ External factors such as tariffs, potential Canadian retaliation, and uncertainty with the Bank of Canada could impact future trends.
📍 Regional Market Highlights
🔹 Regina-Moose Mountain, Saskatoon-Biggar, and Swift Current-Moose Jaw regions led sales, surpassing historical averages.
🔹 Regina-Moose Mountain saw the largest inventory decline (-27% YoY).
🔹 Saskatoon-Biggar remains the tightest market in the province, with homes selling quickly due to high demand and limited supply.
🏠 Top Cities for Price Growth in January 2025
📍 Moose Jaw ➡ +15% YoY (leading price growth for six consecutive months)
📍 Melfort ➡ +12.3% YoY
📍 Humboldt ➡ +11.5% YoY
📍 Prince Albert ➡ +8.3% YoY
🌆 City of Regina: Market Snapshot
✔️ 172 home sales in January 2025
✔️ Sales are 4% lower YoY but 17% above the 10-year average
✔️ 279 new listings (down 10% YoY)
✔️ Inventory levels down nearly 50% compared to the 10-year average
✔️ Benchmark price: $316,300 (+5% YoY)
🏙️ City of Saskatoon: Market Snapshot
✔️ 253 home sales, making it the 2nd strongest January on record
✔️ 3% increase YoY despite a surge in new listings
✔️ Inventory down 15% YoY, sitting over 50% below long-term trends
✔️ Less than 450 of the 618 available units at month’s end were unsold
✔️ Benchmark price: $403,400 (+7% YoY)
🔗 Key Takeaways for Home Buyers & Sellers in Saskatchewan
✅ Strong Demand Continues – Despite supply challenges, Saskatoon homes for sale and houses for sale in Regina continue to move quickly.
✅ Prices Are Rising – Whether you're looking for acreages for sale in Saskatchewan, condos for sale in Saskatoon, or single-family homes in Regina, expect higher prices in 2025.
✅ Inventory is Tight – With homes for sale in Saskatoon and houses for sale in Regina experiencing significant supply shortages, now might be the right time to list your property if you're considering selling.
🏡 Thinking of buying or selling in Saskatchewan? Contact Cindy Savino, your trusted Saskatoon REALTOR®, for expert guidance on the latest market trends and home buying strategies!
📩 Find Out What Your Home is Worth!
🏡 Get a free home evaluation and discover your property’s market value in today’s competitive market.
📊 Start Here: Get Your Home Evaluation
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