Regina Home Sales in February 2021 Double Compared to 2021

Regina home sales were up 55.2%, going from 154 in February 2020 to 239 in February 2021, and up 55.2% in the overall region, going from 181 to 281. In Regina, sales were 39.6% above the 5- year average (and 32.3% above the 10-year average), while in the larger region, sales were 40.9% above the 5-year average (and 35.4% above the 10-year average). Year-to-Date (YTD) sales in Regina rose 63.6% over last year, increasing from 264 to 432, while YTD sales in the larger region rose 61.0%, going from 313 to 504.


Regina Home Sales

Regina Home Sales

In Regina, the number of new listings in February 2021 rose 4.5%, going from 357 to 373 (1.7% above the 5-year average and 3.6% below the 10-year average), while in the region, new listings rose 1.6% from 445 last year to 452 this year (0.6% below the 5-year average and 4.2% below the 10-year average). YTD new listings in the city rose 1.4%, going from 701 to 711, while in the larger region, the number of new listings to date fell 5.0%, going from 881 to 837. Active listings fell 27.1% in Regina (down from 1,212 to 884) and fell 29.9% in the region (down from 1,647 to 1,154). 

Regina Home Sales

Regina Home Sales

Inventory in Regina stood at 3.7 months (which is 53.0% below the level last year and 47.3% below the 5-year average), while the sales to listing ratio was 64.1%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 4.1 months (which is 54.9% below the level last year and 50.0% below the 5-year average), while the sales to listing ratio was 62.2%, suggesting that market conditions favour sellers.

Regina Home Sales

Regina Home Sales

Homes in Regina stayed on the market an average of 53 days in February—down 32.1% from 78 days last year (but below the 5-year average of 61 days and above the 10-year average of 50 days). Homes in the region stayed on the market longer than homes in the city at 58 days on average in 2021, but also down from an average of 78 days last year (and 10.8% below the 5- year average). 

Regina Home Sales

Regina Home Sales

In Regina, the MLS® Home Price Index (HPI)—a more accurate measure of house price trends—was up 6.7%, going from $264,300 to $282,100. 

Regina Home Sales

Regina Home Sales

Overall, Regina home sales are looking promising so far and are instilling a renewed sense of hope for sellers who had no chance of having a successful sale back in 2019. It’s a great time to buy with prices remaining low and interest rates being attractive and a great time to sell & take advantage of the low inventory.

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