MAY 2026 | REAL ESTATE OVERVIEW
MORRISON 87 REALTY ’s Monthly Real Estate Brief - Your Essential Guide to All Things Real Estate:
The May numbers are in, and the headline hasn't changed: Saskatchewan's housing market is still defined by strong demand and a stubborn shortage of homes — and prices keep setting records because of it. The province posted yet another record benchmark price in May, and our home markets in Saskatoon & Area and the Prince Albert regioncontinue to feel the squeeze.
Provincial sales came in at 1,571 for the month, down roughly 10 per cent year-over-year — but that dip says far more about supply than demand. There simply isn't enough to buy. The good news: 2,600 new listings hit the market in May, the highest monthly total we've seen so far in 2026, and provincial inventory improved to about 4,300 units. Even with that bump, once conditional sales are stripped out the province has only around 2.2 months of supply heading into June— still nearly 50 per cent below the 10-year average. More listings are welcome; we're just not out of the woods yet.
🌆 Regional Notes
Saskatoon remains the tightest market in the province and one of the most resilient in the country. The city logged 519 sales in May — down 4.4% from a year ago, but still more than 10% above the 10-year average for the month. Even with new listings improving, Saskatoon closed May with just 1.6 months of supply (about 1.1 once conditional sales are removed) and set another record benchmark price of $444,400, up from $433,200 in April.
The Prince Albert economic region continues to march to its own beat — steadier sales volume, a little more breathing room on inventory, and prices still climbing at a healthy clip.
Saskatoon: 519 sales (-4.4% YoY), record benchmark price of $444,400, roughly 560 active units after conditional sales.
Prince Albert Region: 176 sales (-11.1% YoY), benchmark just above $271,500 (up 2.7% YoY), 810 listings.
🧭 What It Means for Buyers & Sellers
If you're a seller, the math is firmly in your favour — record pricing and razor-thin supply mean well-presented, properly priced homes are still moving quickly. If you're a buyer, the extra listings in May are a genuine positive, but you'll still want to be ready to move decisively when the right property comes up.
This is a great time to refresh your home value estimate, revisit your mortgage pre-approval strategy, or simply have a conversation about how your goals line up with current conditions. We are always happy to provide a no-pressure assessment of your specific property, neighbourhood, or plans.
For more information, contact your family real estate team:
