YORKTON – The housing market in east-central Saskatchewan continues to show strength, especially in the Yorkton and Melville area.
According to the Saskatchewan Realtors Association, Melville led all communities in October with a 22 per cent year-over-year rise in its residential benchmark price. Yorkton followed closely behind with a 15 per cent increase.
The gains come as Saskatchewan posted its second-best October on record, with 1,433 sales province-wide. There were also 1,922 new listings during the month, a 11 per cent increase from last year, but inventory levels remain tight.
Saskatchewan Realtors Association CEO Chris Guérette said that at the end of October, housing supply sat nearly 50 per cent below the 10-year average, with 3,655 properties available heading into November.
“October marked the 28th consecutive month of above-average sales activity in Saskatchewan, an impressive streak that began in mid-2023,” said Guérette. “Year-to-date sales remain over 20 per cent above the 10-year average, keeping us on track to surpass 2024’s results, which were our second-strongest year on record.”
The province’s residential benchmark price reached $362,700 in October, down slightly from September but nearly six per cent higher than one year ago.
Guérette said the numbers point to continued confidence in Saskatchewan’s housing market, even amid economic uncertainty.
“What we’re seeing right now really speaks to the confidence people have in Saskatchewan’s housing market, and in our province as a whole.”
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