JULY 2025 SRA REAL ESTATE MARKET WATCH

PRICE SURGE CONTINUES AS JULY SMASHES SALES RECORDS

Saskatchewan’s housing market continued its hot streak last month, with a July record 1,851 sales across the province — up 11 percent year-over-year and over 30 percent above long-term, 10-year trends.

Following record July monthly sales, year-to-date sales have outpaced 2024 levels through the first seven months of 2025. Of note, 2024 was the province's second-best year for sales on record, underscoring the strength of the current market.

Despite a year-over-year gain in new listings, record monthly sales resulted in province-wide inventory remaining unchanged from June. With over 1,000 of the 5,214 units available at the end of July already conditionally sold, only 4,174 active units remain heading into August.

“Saskatchewan’s housing market continues to benefit from a strong and growing economy, record population growth, and the lowest unemployment rate in the country,” said Association CEO, Chris Guérette. “Our market is consistently surpassing expectations and outpacing many others across the nation, with a strong start to 2025 and now record-breaking monthly sales in July.”

Twenty-five consecutive months of above-average sales, paired with persistent supply challenges, continue to drive prices higher across the province. In July, the provincial residential benchmark price hit an all-time high of $372,700, up from $370,700 in June and over eight percent higher than in July 2024.

In addition to a new record provincial benchmark price, the cities of Humboldt, Meadow Lake, Melville, Regina, Saskatoon, Swift Current, and Yorkton recorded record benchmark prices in July.

“We’ve now seen record prices across dozens of communities for three consecutive months – with year-over-year price growth in the high teens – something we’ve been warning about for months,” said Guérette. “We’re thrilled to see record demand and more people calling Saskatchewan home, but we need to keep building more, faster, if we want to maintain our affordability advantage.”

 City of Regina

Regina reported a July record of 412 sales, up over eight percent year-over-year and over 30 percent above the 10-year average.

530 new listings (down one percent year-over-year) hit the market in July, but strong monthly sales prevented inventory relief. Over 200 of the 827 units available at month’s end were conditionally sold and expected to exit the market, leaving Regina with only 607 active units heading into August.

Tight market conditions continue to drive record prices in the Queen City, as July’s benchmark price of $343,300 (up eight percent compared to July 2024) eclipsed the previous high of $343,200 in June.