December saw 792 homes sold in the province, which is an increase of nearly three per cent year-over-year and well above the 10-year average, the Saskatchewan Realtors Association said. (CKOM News via dropthepress@gmail.com / Depositphotos.com)

By CKOM News

Housing

Saskatchewan saw 16,218 home sales in 2025 as strong demand continues

Jan 10, 2026 | 4:10 PM

Saskatchewan’s housing market had its second-strongest year ever in 2025, with 16,218 homes sold across the province.

That’s according to data from the Saskatchewan Realtors Association, which said strong activity in December capped off a year that saw high demand and low inventory across the province.

“Closing out 2025 with the second-highest sales year on record is a remarkable achievement for Saskatchewan’s housing market,” association CEO Chris Guérette said in a statement.

“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.”

December saw 792 homes sold in the province, which is an increase of nearly three per cent year-over-year and well above the 10-year average, the association said. At the same time, new listings dropped by four per cent year-over-year last month “and remained well below historical norms.”

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“Seasonal sales patterns allowed provincial months of supply to rise above four months in December,” the association said.

“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 residential benchmark price for Saskatchewan dropped from $360,500 to $359,000 in December, the association noted, which is in line with seasonal trends. But despite the modest drop, prices were still seven per cent higher than December of 2024.

Regina saw 164 sales last month, which is down 17 per cent from December of 2024. But despite the decline on a year-over-year basis, sales were still four per cent higher than the long-term trends for the month.

Inventory in Regina will be a challenge in 2026, the association said, with inventory levels nearly 50 per cent below the 10-year average. Of the 475 units available in the Queen City at the end of the year, 126 were conditionally sold.

The residential benchmark price for Regina was sitting at $330,900 in December, up from $329,300 in November and nearly seven per cent higher than December of 2024.

In Saskatoon, 270 homes were sold last month, representing a year-over-year increase of nearly six per cent, and well 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,” the association noted.

“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’s benchmark price was pegged at $417,700 in December, down slightly from $421,000 in November, but six per cent higher than December of 2024.

“Looking ahead to 2026, the most pressing challenge remains inventory. Demand continues to be there; the key question is whether supply can keep pace,” Guérette noted.