Saskatchewan’s housing market continued to navigate tight supply conditions in February, as sales activity aligned more closely with long-term trends heading into the spring market.
Saskatchewan reported 825 home sales in February, down 16 percent year-over-year and two percent below the 10-year average for the month. Despite sales activity failing to keep pace with the near-record levels seen over the past two years, total sales remain consistent with long-term historical trends through the first two months of 2026.
The downward trend in new listings persisted in February, falling seven percent year-over-year and 31 percent below the 10-year average. Notwithstanding typical seasonal shifts in sales activity, the limited influx of new supply provided little relief to inventory levels, which remained essentially unchanged from the previous month. Over 700 of the 3,519 active units at month’s end were conditionally sold and expected to leave the market, leaving 2,792 available properties across the province heading into February.
“Demand remains present across Saskatchewan,” said Association CEO, Chris Guérette. “but inventory constraints continue to shape what buyers and sellers can actually purchase or sell. Even with a modest rise in supply, we are still operating well below historic norms.”
The province’s residential benchmark price stood at $363,800 in February, up from
$359,500 in January and over six percent higher than the February 2025. Notably, all Saskatchewan communities again reported year-over-year price gains, some as high as 13 percent.
“As we move towards the spring market, the key factor to watch will be new listings,” added Guérette. “Some regions that have seen modest improvements in supply are also reporting stronger sales activity, which reinforces how sensitive our market can be to inventory levels. The opportunity for a healthier balance in 2026 depends largely on whether supply can respond to sustained demand.
Regional Highlights
Five of Saskatchewan’s six economic regions recorded year-over-year sales declines in February. Swift Current-Moose Jaw was the only region to post an annual increase in sales and remains the sole region reporting activity above its 10-year average this month.
As in recent months, Regina-Moose Mountain and Saskatoon-Biggar continue to face the tightest market conditions in the province. Although supply is particularly constrained in these two regions, five of the six economic regions are operating with inventory levels more than 45 percent below their respective 10-year averages, underscoring persistent province-wide supply challenges.
Regions experiencing modest improvements in months of supply also recorded some of the province’s strongest sales activity this month, highlighting the direct relationship between available inventory and sales activity.
Price Trends
Tight supply conditions and steady sales continue to drive price growth across the province. All Saskatchewan communities reported year-over-year price gains for the second consecutive month, while three posted double-digit gains.
The City of Estevan again reported the strongest monthly benchmark price growth, with prices up 13 percent year-over-year. Other notable gains were seen in Melville (11 percent), Humboldt (10 percent), and Moose Jaw (9 percent).
City of Regina
Regina reported 198 sales in February, down 21 percent year-over-year and two percent below the 10-year historical average.
New listings declined by 14 percent year-over-year, yet inventory levels remain virtually unchanged compared to the month prior. Nearly 150 of the 494 available units at month’s end were conditionally sold and expected to leave the market, leaving only 347 active units in Saskatchewan’s capital city heading into March.
Regina reported a residential benchmark price of $336,400 in February, up from $330,600 in January and seven percent above February 2025.
City of Saskatoon
Saskatoon reported 271 sales in February, down 16 percent year-over-year and two percent below the 10-year average.
The monthly sales decline was met with declining new listings, which failed to provide meaningful inventory relief as the Bridge City continues to report Saskatchewan’s tightest market conditions. Of the 614 available units at the end of the month, 164 were conditionally sold and expected to exit the market, resulting in 450 active units heading into February.
Saskatoon reported a benchmark price of $421,600 in February, up from $417,800 in January and five percent above prices reported in February 2025.
SOURCE, SASKATCHEWAN REALTORS® ASSOCIATION
To learn more, visit SRA SASKATCHEWAN REALTORS® ASSOCIATION
