MARCH 2025 | REAL ESTATE OVERVIEW
MORRISON 87 REALTY ’s Monthly Real Estate Brief - Your Essential Guide to All Things Real Estate:
Saskatchewan’s housing market continued its strong momentum in March, with 1,277 sales—an 8% increase year-over-year and 13% above the 10-year average. This marks the 21st consecutive month of above-average sales. New listings declined 2% from last year and remain 30% below the 10-year average, pushing inventory lower in many markets. At month’s end, 4,023 units were available—up slightly from February but still 21% lower year-over-year and nearly 50% below the 10-year average. Saskatoon and Regina face the most severe shortages, entering April with less than 1.3 months of supply when conditional sales are considered. Strong demand and limited supply pushed the provincial benchmark price to $353,600 in March, up from $344,700 in February and 6% higher than March 2024.
Regional Highlights
Sales rose in most areas, led by Yorkton-Melville (up 13%), Saskatoon-Biggar (12%), and Prince Albert (10%). Saskatoon-Biggar and Regina-Moose Mountain remain the tightest markets, with inventory down 26% year-over-year. Tight supply and high demand continue to define Saskatchewan’s housing market as the busy spring season begins.
City Highlights
Prince Albert: 39 sales (down 4.9%), with a benchmark price of $262,500—up 11.7% year-over-year.
Saskatoon: 403 sales (up 11%), with a record benchmark price of $415,900—up over $25,000 from last year.
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