Saskatoon’s Market Tightens Further as Regina’s Prices Climb to New Highs: Comparison of Saskatchewan’s Key Cities in June 2025

While both Regina and Saskatoon are operating in competitive, seller-friendly market conditions, with sales far above historical averages and critically low inventory, there are differences in their individual trends. Saskatoon is seeing higher overall transaction volume with more new listings, but also with tighter supply conditions and higher benchmark prices. Regina, on the other hand, is setting new record-high prices, with strong year-over-year price growth and continued appreciation.

Sales 

Saskatoon recorded 575 sales in June 2025, for its second-highest total on record for the month, compared to 402 sales in Regina. While both markets posted strong year-over-year growth, with 6.7% in Saskatoon and 6.3% in Regina, Saskatoon’s market is moving at a higher overall volume. Measured against ten-year averages, Saskatoon outperformed by 22.2%, while Regina was 17% above its long-term norm.

Year-to-date sales growth tells a slightly different story, however. Regina is up 4.4%, while Saskatoon is nearly flat, at just 0.4% above 2024 levels.

Listings and Inventory

Saskatoon added 789 new listings in June, rising 18.1% year-over-year and 8.9% above its ten-year average. Regina, by contrast, saw just 568 new listings, marking an 8.0% annual increase and sitting just 2.7% above historical norms. Demand appears to be continuing to absorb new inventory quickly in both markets.

Despite Saskatoon’s higher inventory total, more of those listings are tied up in conditional sales. When adjusted, Saskatoon had just 600 active units at the end of June, compared to Regina’s 611.

The shortage is especially notable compared to long-term levels. Regina’s inventory remains 58.5% below its ten-year average, and Saskatoon’s is down 45%

Months of Supply: Saskatoon Tighter Than Regina

Months of supply is the estimated number of months it would take to sell the current inventory of homes on the market at the current sales pace. Saskatoon continues to show tighter market pressure, with just 1.63 months of supply, compared to Regina’s 2.03. This gap reflects stronger absorption in Saskatoon, despite higher listing volume. Regional numbers support this as well: the Saskatoon-Biggar region sits at 2.01 months of supply, while Regina-Moose Mountain is looser at 2.76.

Prices

Saskatoon’s total residential benchmark price was $432,700 in June, well above Regina’s $343,200. However, while Saskatoon has the higher price point, its year-over-year growth rate was slightly lower (7.2% vs. 7.9% in Regina), and it recorded a minor decline from May’s $433,700.

Regina, in contrast, set a new record high for the second month in a row, surpassing May’s $340,800 benchmark. It was one of seven markets across the province to hit new highs in June.

Source: SRA

Overall, Saskatoon continued to lead in overall sales, listing volume, and price level, with tight conditions keeping upward pressure on values despite a brief pause in monthly price growth. Regina showed consistent, accelerating price appreciation on a record-setting path.

Both cities are operating in low-supply, high-demand environments, but Saskatoon’s market is absorbing inventory more aggressively, while Regina’s slower pace is still driving strong price performance.