Saskatchewan Housing Market Update – October Highlights 📊🏡

Saskatchewan’s real estate market continued its momentum in October, delivering 1,433 sales province-wide, the second-highest October on record. While sales dipped nearly six percent compared to last year’s historic numbers, activity remains far above long-term trends and showcases the province’s ongoing market strength.
New Listings and Inventory Conditions 🏘️

The month saw 1,922 new listings, an 11% increase year-over-year, yet still below long-term averages. Even with the boost in new inventory, strong demand kept conditions tight:
Inventory levels finished the month nearly 50% below the 10-year average
Out of 4,483 active listings, 828 were conditionally sold, leaving only 3,655 available homes moving into November

October marked the 28th straight month of above-average sales activity across Saskatchewan
This consistent demand continues to put pressure on supply, reinforcing a competitive environment for many buyers.

Pricing Trends Across Saskatchewan 💰📈

The provincial benchmark price for October settled at $362,700, down slightly from September’s $368,300. This small month-over-month dip aligns with normal seasonal shifts. Compared to October 2024, however, prices were up nearly six percent, reflecting long-term upward momentum.
Despite low inventory and global economic uncertainty, Saskatchewan’s housing market continues to show stability and buyer confidence.

City of Regina Market Update – October 🌆

Regina delivered another strong month, reporting 362 sales, only two shy of the October record set in 2024. This puts the city 41% above the 10-year average, underscoring strong demand across the Queen City.

Listings and Supply Levels 📉

Regina recorded 447 new listings in October, but the surge in sales didn’t ease inventory pressure:
Less than two months of supply remains
Nearly 200 of the 720 active listings were conditionally sold at month’s end
Only 532 properties were fully available heading into November
Tight inventory continues to shape the local market, especially for well-priced and well-presented homes.

Regina Pricing Snapshot 💵

The benchmark residential price for Regina landed at $335,100, down slightly from September’s $337,000. This softening is consistent with typical fall adjustments. Compared to October 2024, prices remain five percent higher, demonstrating steady year-over-year growth.