Saskatchewan's residential benchmark price hit an all-time high of $370,700 last month, up from $369,500 in May. (650 CKOM file photo)

By CKOM News

Housing

Home sales above average in Sask. despite ongoing inventory challenges

Jul 4, 2025 | 9:37 AM

Despite persistent challenges with inventory, homes sales across Saskatchewan remained strong in June as prices continued to rise.

According to the Saskatchewan Realtors Association, there were 1,768 homes sold across the province in June, which is close to 15 per cent over the 10-year average. Saskatchewan’s residential benchmark price hit an all-time high of $370,700 last month, up from $369,500 in May, the association said, representing an eight per cent increase over June of 2024.

“We’ve now seen monthly sales levels outpace the 10-year average for two whole years; that’s an incredible story that Saskatchewan is telling right now,” Chris Guérette, the association’s CEO, said in a statement.

“Near-record sales in 2024 and the strong start we’ve seen in 2025 – all while navigating the worst inventory challenges we’ve seen since 2007 – it’s beyond impressive.”

Inventory levels were more than 40 per cent lower than the 10-year average in June, the association noted. While there was a year-over-year gain in new listings last month, nearly 1,100 of the 5,215 units available at the end of June were already conditionally sold, and only 4,144 active units were listed at the beginning of July.

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“We’re seeing record price growth for a second consecutive month – as high as 16 percent year-over-year in some markets – which speaks to the supply and demand challenges we’re experiencing right now,” Guérette added.

“Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”

Year-over-year price growth was highest in Moose Jaw in June, as the city saw a jump of nearly 16 per cent over June of 2024. Humboldt was close behind at 15 per cent, followed by Melville at 11 per cent, Meadow Lake at 10 per cent and Prince Albert at nine per cent.

There were 402 homes sold in Regina last month, the association reported, and 568 new listings in June contributed to a “modest” inventory increase. But 207 of the 818 units available at the end of the month are conditionally sold, the association added, “leaving the city with just 611 active units heading into July.”

Regina’s benchmark prices rose to a record $343,200 in June, up from $340,800 in May.

Saskatoon saw 575 home sales last month, representing a seven per cent year-over-year increase. There were 789 new listings in June, but despite the slight uptick inventory levels remained “45 below historical averages for this time of year,” the association said, and the city had only 600 active units at the start of July.

Saskatoon’s benchmark price dropped slightly to $432,700 in June. While that figure is lower than the $433,700 seen in May, it’s still seven per cent higher than June of 2024.