FEBRUARY 2025 | REAL ESTATE OVERVIEW
MORRISON 87 REALTY ’s Monthly Real Estate Brief - Your Essential Guide to All Things Real Estate:
Saskatchewan’s housing market remained strong in February, with 986 sales recorded across the province. Although this marked a 1% dip from last year, sales were still well above the 10-year average, keeping pace with 2024 figures. New listings fell nearly 14% year-over-year and sat 29% below long-term trends, further straining inventory levels. By the end of the month, available listings had declined by 21% compared to last year, leaving just 3,851 units on the market—almost 50% below typical first-quarter supply levels. Home prices continued their upward trend, with the provincial benchmark price climbing to $344,700 in February, up from $342,600 in January and nearly 5% higher than a year ago. Association CEO Chris Guérette highlighted that despite economic uncertainties, Saskatchewan’s housing market remains resilient.
City Breakdown:
Prince Albert: 26 sales, 23.5% lower than last year and 7.5% below the 10-year average. The benchmark price increased to $263,000, up 10.7% year-over-year.
Saskatoon: 323 sales, a 5% increase from last year. With inventory down 12%, supply remains tight. The benchmark price rose to $405,400, up 6% from February 2024.
Saskatchewan’s market continues to perform above expectations, with demand outpacing available supply.
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