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 on record for the month, according to the Saskatchewan Realtors Association (SRA).
New listings increased by five percent, but remained nine percent below long-term trends. Strong demand and near-record sales saw inventory drop 14 percent from last year, leaving supply more than 40 percent below historical levels.
Nearly 950 of the 4,896 active listings were conditionally sold, reducing available inventory to 3,958 in October.
“Our province continues to chart its own course, defying the national narrative and posting strong sales despite typical seasonal trends and ongoing inventory challenges,” said Chris Guérette, CEO of SRA.
The provincial benchmark price fell slightly from August to $368,300, reflecting seasonal patterns, SRA said. Yet prices were seven percent higher than in September 2024.
“While transaction volumes will decline in the coming months due to seasonal trends, the continued demand we are seeing is more than 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 ever. That was an increase of 18 percent year-on-year and 37 percent above the ten-year average. New listings rose 16 percent, but strong demand kept inventory tight. The benchmark price fell to $337,000 from August, but still remained five percent higher than last year.
Saskatoon recorded 426 sales, down one percent from 2024, but still 20 percent above the long-term average. The number of new listings increased by 11 percent, although inventory remained the same. The benchmark price fell from a record high in August to $431,400, while remaining seven percent higher than a year ago.
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