September marked another month of solid activity in Saskatchewan, with sales up 10 per cent year-over-year to 1,528, the second-highest total ever recorded for the month, according to the Saskatchewan Realtors Association (SRA).
New listings increased five per cent but remained nine per cent below long-term trends. Strong demand and near-record sales pushed inventory down 14 per cent from last year, leaving supply more than 40 per cent below historical levels.
Nearly 950 of the 4,896 active listings were conditionally sold, reducing available inventory to 3,958 heading into October.
“Our province continues to chart its own path, defying national narratives and posting strong sales despite typical seasonal trends and ongoing inventory challenges,” said SRA CEO Chris Guérette.
The provincial benchmark price dipped slightly from August to $368,300, reflecting seasonal patterns, said SRA. Still, prices were up seven per cent compared with September 2024.
“While transaction volumes in the coming months will ease with seasonal trends, the sustained demand we’re seeing is beyond impressive, and all signs point to continued momentum as we look to finish the year strong,” Guérette said.
Urban markets show strength
Regina reported 375 sales in September, its strongest September on record. That was up 18 per cent year over year and 37 per cent above the 10-year average. New listings rose 16 per cent, but strong demand kept inventory tight. The benchmark price dipped to $337,000 from August yet remained five per cent higher than last year.
Saskatoon posted 426 sales, down one per cent from 2024 but still 20 per cent above the long-term average. New listings jumped 11 per cent, though inventory was flat. The benchmark price slipped to $431,400 from a record high in August, while remaining seven per cent higher than a year ago.
