Murray Wood: October is a special time on the prairies
Murray Wood is celebrating October, as we enjoy the last days of warm weather before the winter hits. In Saskatchewan, W...
Saskatchewan’s real estate markets showed no signs of slowing down last month, as the province marked the second-strongest September on record and extended the trend of above-average sales to 27 consecutive months.
According to data shared by the Saskatchewan Realtors Association, the province saw 1,528 home sales last month, a 10 per cent increase year over year, and 26 per cent higher than the 10-year average.
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“Demand for housing remains strong across Saskatchewan, reflected in near-record September sales following one of our busiest summers ever,” Chris Guérette, the association’s CEO, said in a statement.
“Our province continues to chart its own path, defying national narratives and posting strong sales despite typical seasonal trends and ongoing inventory challenges.”
Prices dipped slightly in September, with the province’s residential benchmark price falling to $368,300. But while there was a slight month-to-month decline, the association said the change is consistent with seasonal trends, and noted that prices were up seven per cent over September of 2024 thanks to limited inventory and strong sales.
The association noted the persistent challenges with inventory, with 3,958 properties available across Saskatchewan heading into October. Inventory levels were down 14 per cent year over year last month, and were sitting 40 per cent below historical averages.
“Sales volumes continue to outpace 2024 levels, our second-strongest year on record, and we’re 20 percent higher than the 10-year average through the first three quarters of 2025,” added Guérette.
“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.”
According to the association, all regions of the province are reporting inventory levels “well below what is typical for this time of year,” with conditions tightest in areas around Saskatoon and Regina.
Regina reported 375 sales last month, which was 37 per cent higher than the 10-year average. Regina’s benchmark price was sitting at $337,000 in September, down from $341,300 in August. But despite the dip, the association noted that prices in the Queen City were five per cent higher than September of 2024.
In Saskatoon, there were 426 homes sold in September, which represents a 20 per cent increase over the city’s 10-year average. The benchmark price in Saskatoon sat at $431,400 last month, dropping slightly from the record-high $435,900 reported in August. But while the benchmark dropped slightly month to month, Saskatoon’s prices were up seven per cent over September of 2024.
