FROM SRA: Saskatchewan Realtors® Association

Saskatchewan Housing Market Surges Again in March 2025: Inventory Shrinks, Prices Rise

Saskatchewan’s real estate market continues to defy national trends, with strong sales, limited inventory, and rising home prices driving momentum across the province.

📈 March 2025 Sales Surge Past Long-Term Averages

According to the latest data, 1,277 residential properties were sold in Saskatchewan in March—an increase of over 8% year-over-year and 13% higher than the 10-year average.

This marks the 21st consecutive month of above-average sales activity, confirming Saskatchewan as one of Canada’s most resilient real estate markets.

🏠 Inventory Remains Tight Despite Strong Demand

While sales surged, new listings dropped 2% compared to last year and remain nearly 30% below long-term averages.

At the end of March, 4,023 homes were available across Saskatchewan, up slightly from February (3,851 units), but still 21% lower year-over-year and almost 50% below the 10-year average.

“Despite economic uncertainty and tariff concerns, Saskatchewan’s housing market remains strong,”said Chris Guérette, CEO of the Saskatchewan REALTORS® Association.

“Other markets are slowing, but our province continues to post above-average results, which highlights our market’s strength.”

📉 Severe Inventory Shortages in Regina and Saskatoon

Saskatchewan’s two largest cities are feeling the squeeze.

Saskatoon is entering April with just 0.98 months of supply
Regina is close behind with only 1.29 months of supply
These historically low supply levels are creating upward pressure on prices and making competition fierce for buyers.

Learn more about the Regina market at PeterFourlas.ca.

💰 Home Prices Climb Across the Province

Strong demand and limited inventory are pushing home values higher.

In March 2025:

Saskatchewan’s benchmark residential price rose to $353,600, up from $344,700 in February
Prices are now 6% higher than in March 2024

“The spring market has arrived, and the pressure is on,” added Guérette.

“With near-record demand and low inventory, buyers need to be patient—and work closely with a knowledgeable REALTOR® to succeed in this market.”

🏡 Regina Real Estate Market Update – March 2025

The City of Regina posted 301 sales in March, a slight 3% decrease from March 2024—but still 15% above the 10-year average, highlighting continued demand.

📉 Inventory Challenges Persist

418 new listings were added in March—flat year-over-year but 20% below the 10-year average (524 listings)
Of the 579 units available at month-end, 172 were already conditionally sold, leaving just 407 active listings