August brought Saskatchewan homebuyers a modest uptick in housing options, as both new listings and available stock showed slight increases. The province logged 1,510 residential transactions last month—a three per cent decline compared to August 2025, yet still exceeding the 10-year average by over eight per cent, per the Saskatchewan Realtors Association (SRA). This shift suggests cautious optimism for prospective buyers working through the market.
New property listings climbed more than four per cent annually to 2,277, though they still trailed historical benchmarks by roughly eight per cent. By August’s end, 4,920 homes were on the market, with nearly 1,000 under conditional sale agreements expected to be removed soon. These figures signal gradual progress following a difficult period for the local real estate sector.
After adjusting for pending sales, Saskatchewan entered September with 3,933 active listings, up from 3,858 at August’s start. The months-of-supply metric rose to 2.60 from 2.33, offering buyers expanded selection and easing upward price pressure.
This supply growth benefits shoppers by providing additional opportunities and helping stabilize costs. According to SRA CEO Chris Guérette, the market saw a little movement in the right direction in August, with more listings coming to market, sales remaining above historical levels, and buyers heading into September with slightly more choice. Nevertheless, total inventory remained five per cent below August 2025 levels and 42 per cent under the 10-year norm.
The provincial benchmark price settled at $381,600 in August, a slight retreat from July’s $383,500 but still three per cent above last year’s figure. Nearly every Saskatchewan community saw annual price increases, with two regions hitting record-high benchmarks.
Saskatoon’s sales totaled 446, a one per cent yearly decrease but seven per cent above decade-long averages. New listings surged over 12 per cent. At month’s end, 965 units were available, including 239 conditionally sold, leaving 726 active properties and a 1.63-month supply heading into September. The city’s stockpile remains constrained relative to national standards.
Regina experienced 332 sales, down seven per cent year-over-year but above its 10-year average. Of the 797 units listed at month’s close, 224 were under contract, resulting in a 1.72-month supply.
Guérette said the improvement was encouraging but noted that one month of modest improvement does not erase a supply deficit years in the making, and that inventory remains more than 40 per cent below what would normally be expected.
