REGINA, Sask. — Saskatchewan’s housing market continues to show encouraging signs of improved choice for consumers, as provincial inventory and months of supply increased year-over-year in October, according to the Saskatchewan REALTORS® Association.
However, evolving conditions across the province’s communities are highlighting the increasingly important role of local market knowledge, the organization reports.
The province reported 1,262 residential sales in October, down nearly 12 per cent compared to October 2025 but still nearly six per cent above the 10-year average. Despite trailing last year’s near-record pace, year-to-date sales remain eight per cent above historical trends.
Inventory increased three per cent year-over-year, while months of supply improved nearly 17 per cent to 3.67 months. Although these gains represent continued progress towards greater choice, inventory remains nearly 39 per cent below the 10-year average, and months of supply remain 46 per cent below historical norms.
“Sales remain above historical averages, inventory is improving, and some of the pressure that has defined our market is beginning to ease,” said Chris Guérette, CEO of the Saskatchewan REALTORS® Association.
“That’s encouraging, but with inventory still nearly 40 per cent below normal, we have a long way to go.”
Saskatchewan’s residential benchmark price stood at $373,300 in October, down from September but three per cent higher than October 2025. The modest decline aligns with typical seasonal trends, while year-over-year price growth continues to reflect the underlying strength of the provincial market, according to the Saskatchewan REALTORS® Association.
While provincial numbers point towards improving conditions, the experience of buying or selling a home continues to vary significantly across Saskatchewan. Regina has overtaken Saskatoon as the province’s tightest major urban market when accounting for conditional sales, while Saskatoon reported a 20 per cent year-over-year decline in sales activity. Elsewhere, communities such as North Battleford and Prince Albert continue to experience significant year-over-year price growth.
According to the Saskatchewan REALTORS® Association, these differences reinforce an important reality for consumers: provincial trends do not always reflect the conditions in their own communities. Inventory, pricing, competition and buyer activity can vary between cities, neighbourhoods and price ranges, creating different opportunities and challenges for those entering the market, the organization says.
“There isn’t one single housing market in Saskatchewan, and October’s numbers really reinforce that,” said Guérette.
“What’s happening in Regina looks different from Saskatoon, and the conditions facing buyers and sellers in smaller communities can be different again. Provincial statistics tell us where the market is heading, but REALTORS® bring the local knowledge, experience and expertise that help consumers understand what those numbers mean for their next move.”
As Saskatchewan heads into the final months of 2026, continued improvement in inventory will remain important to expanding housing choice, the association says. While the provincial market is moving in an encouraging direction, understanding the local conditions remains essential, they say.
Regional Highlights
All provincial economic regions reported year-over-year sales declines in October apart from the Northern region. However, monthly sales levels in the Regina-Moose Mountain, Saskatoon-Biggar, Swift Current-Moose Jaw and Yorkton-Melville regions were all well above the 10-year average for the month.
While some regions welcomed inventory relief last month, supply challenges persist across nearly all regions of the province, ranging from nearly 35 per cent below historical trends in Saskatoon-Biggar and Swift Current-Moose Jaw, to over 40 per cent below in the Prince Albert, Regina-Moose Mountain and Yorkton-Melville regions.
Price Trends
While seasonal price trends continue to bring month-over-month price declines across the province, several Saskatchewan communities saw year-over-year benchmark price gains in September.
North Battleford reported the strongest benchmark price growth for the second consecutive month, with prices over 24 per cent higher than October 2025. Other notable gains were seen in Meadow Lake (14 per cent) and Humboldt (eight per cent), with modest year-over-year declines seen in the communities of Moose Jaw, Melville, Weyburn and Yorkton.
City of Regina
Regina reported 320 residential sales in October, down 12 per cent year-over-year but outpacing the 10-year average for the month by over 18 per cent.
Over 400 new listings came to market throughout the month, down seven per cent from last October. Of the 800 units available at month’s end, nearly 200 were conditionally sold and expected to leave the market. When accounting for conditional sales, Regina heads into November 604 active residential units available, or 1.89 months of effective supply.
Regina’s residential benchmark price was $341,200 in October, down slightly from $343,900 in September and over two percent higher than October 2025.
City of Saskatoon
Saskatoon reported 363 residential sales in October, down 20 per cent from October 2025. However, sales levels were in line with the 10-year historical average, and year-to-date sales remain over 10 per cent above long-term trends.
Although new listings fell nine per cent year over year, softer October sales led to modest inventory gains. As a result, Saskatoon is no longer the province’s most supply-constrained market for the first time in years. Of the 1,004 units available at month-end, 224 were conditionally sold and expected to leave the market. When accounting for conditional sales, there are 780 active residential units, or 2.14 months of effective supply heading into November.
Saskatoon’s residential benchmark price was $431,700 in October, down from $439,600 in September and nearly three per cent higher than October 2025.
