Saskatchewan’s housing market continues to demonstrate resilience heading into the spring season. While sales activity has moderated compared to the exceptionally strong pace of the past two years, demand across the province remains stable and home prices continue to rise as inventory levels remain constrained.
According to the latest market statistics, Saskatchewan recorded 825 residential home sales in February 2026, representing a 16 percent decrease year-over-year and slightly below the long-term 10-year average for the month. Despite this shift, overall activity remains consistent with historical market trends.
A key factor shaping the market is supply. New listings remain limited, with 1,192 new listings reported in February, down seven percent year-over-year and more than 30 percent below the 10-year average. This ongoing shortage of new supply continues to keep inventory levels tight across many regions of the province.
At the end of the month, Saskatchewan had 3,519 active residential listings, although more than 700 of these were conditionally sold, leaving roughly 2,792 homes available to buyers.
Home Prices Continue to Rise
Limited inventory combined with steady demand has continued to push home prices higher across Saskatchewan.
The provincial benchmark home price reached $363,800 in February 2026, increasing from January and rising 6.3 percent compared to February 2025.
Notably, every community across Saskatchewan recorded year-over-year price gains, marking the second consecutive month where all regions experienced increases. Some communities posted particularly strong growth, including:
- Estevan: +13.3% year-over-year
- Melville: +11.1%
- Humboldt: +10%
- Moose Jaw: +9%
Major urban centres also saw steady price growth:
- Saskatoon: Benchmark price approximately $421,600 (+4.7%)
- Regina: Benchmark price approximately $336,400 (+6.9%) 0226 Saskatchewan Monthly
These gains reflect continued pressure on prices due to limited housing supply.
Inventory Levels Remain Below Historic Norms
Saskatchewan entered March with approximately 4.27 months of housing supply, which remains significantly below historic averages.
Several economic regions — particularly Saskatoon-Biggar and Regina-Moose Mountain — continue to experience some of the tightest market conditions in the province.
Across Saskatchewan, five of the province’s six economic regions are operating with inventory levels more than 45 percent below their long-term averages, reinforcing the ongoing imbalance between supply and demand.
Regional Trends Across Saskatchewan
While most regions experienced a modest decline in sales year-over-year, Swift Current–Moose Jaw was the only region to record a sales increase and continues to outperform its long-term average for activity.
The data also shows that regions experiencing slight improvements in supply are seeing stronger sales activity. This highlights a clear relationship between available inventory and buyer activity in the market.
What to Watch Heading Into the Spring Market
As Saskatchewan moves into the traditionally busy spring real estate season, the most important factor to monitor will be the number of new listings entering the market.
Demand for homes across the province remains present, but limited supply continues to influence what buyers and sellers are able to transact. If listing activity begins to increase in the coming months, the market could move toward a healthier balance between supply and demand.
For now, Saskatchewan’s real estate market remains competitive, with price growth continuing across nearly every region of the province.