JUNE 2025 SRA REAL ESTATE MARKET WATCH

STRONG JUNE SALES FUEL CONTINUED RECORD PRICE GROWTH

Saskatchewan reported 1,768 home sales in June, marking it the third busiest June on record. June sales were up six percent year-over-year, and nearly 15 percent above long-term, 10-year averages.

Despite economic headwinds and persistent supply challenges throughout the first half of 2025, Saskatchewan’s housing market closed the year’s second quarter with sales consistent with 2024 levels. Notably, 2024 was the province’s second strongest year of sales on record.

While monthly sales remain strong, a year-over-year gain in new listings contributed to a modest inventory gain in June. However, with nearly 1,100 of the 5,215 units available at the end of June already conditionally sold, only 4,144 active units remain at the beginning of July, while inventory levels remain over 40 percent below the 10-year average.

“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,” noted Association CEO Chris Guérette. “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.”

Above-average sales and ongoing inventory challenges continue to support price growth across the province. In June, the provincial residential benchmark price hit an all-time high of $370,700, up from $369,500 in May and eight percent higher than June 2024.

In addition to a new record provincial benchmark price, the cities of Humboldt, Martensville, Melville, Moose Jaw, Swift Current, Regina, and Warman recorded record benchmark prices for the second consecutive month.

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

 City of Regina

Regina reported 402 sales in June, up over six percent year-over-year and nearly 17 percent above the 10-year average.

568 new listings (up eight percent year-over-year) hit the market in June, contributing to a modest inventory increase from May. However, of the 818 units available at month’s end, 207 are conditionally sold and expected to exit the market, leaving Regina with only 611 active units heading into July.

Tight market conditions continue to drive record prices in the Queen City, as June’s benchmark price of $343,200 (up eight percent compared to June 2024) eclipsed the previous high of $340,800 in May.