Regina Home Prices Stay The Same

Covid-19 has brought many challenges to our market that have surprisingly seemed to kick start the real estate market again. With interest rates being so low and so many families needing to make changes to their home situation, there is a lot of activity going on. Yet while we see sales increase and listings decrease, Regina home prices have remained about the same- hovering in the high 280K’s.

Sales in Regina were up 40.5%, going from 247 in August 2019 to 347 in August 2020, and up 39.0% in the overall region, going from 308 to 428. Year-to-Date (YTD) sales in Regina rose 5.9% over last year, increasing from 1,851 to 1,960, while YTD sales in the larger region rose 10.7%, going from 2,197 to 2,432.


Regina real estate

Regina real estate

In Regina, the number of new listings in August 2020 rose 10.4%, going from 443 to 489, while in the region, new listings rose 9.9% from 538 last year to 591 this year, which are both below the five and ten year averages. YTD new listings in the city fell 8.4%, going from 3,871 to 3,544, while in the larger region, the number of new listings to date fell 9.1%, going from 4,939 to 4,491. Active listings fell 18.4% in Regina (down from 1,583 to 1,292) and fell 22.1% in the region (down from 2,276 to 1,772).

Regina real estate

Regina real estate

Inventory in Regina stood at 3.7 months (which is 41.9% below the level last year and 29.2% below the 5-year average), while the sales to listing ratio was 71.0%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 4.1 months (which is 44.0% below the level last year and 33.1% below the 5-year average), while the sales to listing ratio was 72.4%, suggesting that market conditions favour sellers.

Regina real estate

Regina real estate

Homes in Regina stayed on the market an average of 51 days in August—down 15.0% from 60 days last year (but below the 5-year average of 54 days and above the 10-year average of 45 days). Homes in the region stayed on the market longer than homes in the city at 57 days on average in 2020, but also down from an average of 65 days last year (and 2.4% below the 5-year average). 

Regina real estate

Regina real estate

The MLS® Home Price Index (HPI)—a more accurate measure of house price trends—is up 0.8% from $284,500 to $286,900. Meaning the average price of a home in Regina is hovering around the 287K mark right now.

Regina real estate

Regina real estate


Contact Me

Overall, the number of sales has increased, the amount of inventory has decreased but we haven’t seen Regina home prices increase significantly yet. For more information about the Regina real estate market in August, please give me a call at 306-552-7047 or fill out my online contact form

Contact Us

Have questions? Call us today at:
306-552-7047
Call Me
Home Worth
What's My
TopSearchContact
TopSearchContact