Key Takeaways
Strong Start to 2025: Saskatchewan’s housing market recorded 782 sales in January, exceeding long-term trends.
Limited Supply: New listings declined 2% year-over-year, and inventory is down 19% from last year.
Price Growth Continues: The provincial benchmark home price rose to $342,600, up nearly 7% from January 2024.
Regina Market: Home sales remained strong despite a 10% drop in new listings, pushing prices up over 5% year-over-year.
Saskatchewan Market Overview
Saskatchewan’s housing market is off to a robust start in 2025, with January home sales outperforming historical trends. A total of 782 properties were sold across the province, reflecting a 1% increase from last year and a remarkable 17% above the 10-year average. This marks the 19th consecutive month of above-average sales, highlighting sustained demand in the region.
However, supply remains a challenge. New listings in January dropped by 2% year-over-year and sit nearly 28% below long-term averages. This shortage has tightened market conditions, with inventory levels falling 19% compared to January 2024. By the end of the month, Saskatchewan had just 3,925 available listings—over 700 of which were already conditionally sold.
The persistent inventory squeeze has put upward pressure on home prices. Saskatchewan’s benchmark price reached $342,600 in January, increasing from $337,800 in December and nearly 7% higher than the same time last year.
Regina Market Update
Regina’s real estate market remained active in January, despite a reduction in new listings. The city recorded 172 home sales—down 4% year-over-year but still 17% above the 10-year average.
New listings in Regina declined by 10% from January 2024, bringing the total to 279 properties. This trend has further tightened supply, with overall inventory levels now sitting nearly 50% below long-term norms. At the end of January, there were just 537 available units, marking a significant drop of nearly 225 homes compared to last year.
With demand outpacing supply, home prices in Regina have continued to rise. The city's benchmark price reached $316,300 in January, up from $313,400 in December and over 5% higher than January 2024.
Looking Ahead
While Saskatchewan’s housing market remains strong, factors such as inventory constraints and economic uncertainties, including potential tariffs and Bank of Canada policies, could influence conditions in the coming months. For buyers and sellers in Regina, staying informed about these trends will be crucial.
For expert guidance on navigating the Regina real estate market, reach out to Jennica George with RE/MAX Realtytoday.
