Navigating Saskatchewan's Spring Real Estate Market: Tips for Buyers in a Low-Inventory Market

Apr 18

Saskatchewan's real estate market is heating up—but with inventory levels at near-record lows, buyers need to be prepared to act fast. According to the Saskatchewan REALTORS® Association (SRA), March 2025 saw 1,277 sales across the province (an 8% year-over-year increase), while new listings dropped by 2%. In Regina and Saskatoon, months of supply sit at a razor-thin 1.29 and 0.98 months, respectively.

For buyers, this means competition is fierce—but not impossible to navigate. Here’s how to stay ahead in today’s market:

1. Get Pre-Approved (Not Just Pre-Qualified)

In a low-inventory market, sellers prioritize serious buyers. A mortgage pre-approval (not just a pre-qualification) signals you’re ready to move quickly.

2. Be Ready to Act Fast

With fewer than 3 months of supply in key regions, hesitation can cost you. If you find a home you love:
✔️ Schedule a viewing same-day
✔️ Have your deposit ready
✔️ Work with an agent who can submit offers within hours

3. Expect (and Prepare for) Bidding Wars

With 21% less inventory than last year, multiple offers are common. Strategies to compete:
✅ Offer a flexible closing date
✅ Consider waiving minor contingencies (if financially safe)
✅ Add an escalation clause (with a cap)

4. Expand Your Search

If Regina or Saskatoon’s supply is too tight, consider nearby markets with better inventory, such as Moose Jaw (10.7% price growth) or Prince Albert (11.7% growth).

5. Work with a Local REALTOR®

As SRA CEO Chris Guérette notes, "The expertise of a real estate professional is more crucial than ever." A good agent can:
🔹 Find off-market or upcoming listings
🔹 Advise on competitive pricing
🔹 Negotiate strategically in multi-offer situations

Contact your favourite local realtors John, Elisha & Nichole today at 306-695-HOME