The Saskatchewan housing market continues to demonstrate remarkable resilience, remaining firmly in seller's market territory despite broader economic challenges. Limited inventory, steady buyer demand, and rising home prices continue to shape the provincial real estate landscape.
Saskatchewan recorded 1,253 residential sales in April, a modest decline of 3.1% year-over-year. While sales activity eased slightly, home prices continued to climb, with the average residential price reaching $360,303, an increase of 8.1% compared to April 2025.
One of the strongest indicators of market conditions remains the sales-to-listing ratio, which sits at 71%, well above the threshold that typically indicates a seller's market. Months of inventory remained steady at 3.1 months, highlighting the ongoing shortage of available homes for buyers.
Saskatoon remained one of the province's strongest markets in April.
Demand remains strong while listing inventory continues to trail last year's levels. This combination is helping support ongoing price growth and competitive conditions for buyers.
Regina experienced a slight decline in sales activity but continued to post solid price appreciation.
Despite fewer transactions, Regina's inventory shortage continues to favour sellers, with one of the highest sales-to-listing ratios in the province.
Moose Jaw delivered one of the strongest performances in Saskatchewan.
Swift Current was the province's only market approaching balance.
Saskatchewan's unemployment rate rose to 5.6%, reflecting some softening in the labour market.
Overall employment decreased by approximately 4,000 jobs, with full-time employment falling by 10,200 positions, partially offset by a gain of 6,200 part-time jobs.
Current conditions remain highly favourable. Low inventory levels and strong buyer demand continue to support rising home prices across most Saskatchewan markets. Well-priced homes are still attracting significant interest.
Competition remains elevated, particularly in Saskatoon and Regina. Buyers should be prepared to act quickly when suitable properties become available and ensure financing is arranged in advance.
While economic uncertainty and rising unemployment bear watching, Saskatchewan's housing market fundamentals remain strong. Inventory levels remain historically low, and demand continues to exceed supply in most communities.
Unless there is a significant increase in listings or a major economic slowdown, Saskatchewan is expected to remain a seller's market throughout much of 2026, with continued upward pressure on home prices.
Bottom Line: Saskatchewan's housing market remains one of Canada's strongest relative performers, with prices rising, inventory constrained, and sellers maintaining the upper hand across most major centres.