Regina Real Estate Recovering Amidst Pandemic

Sales in Regina were up 33.5%, going from 254 in September 2019 to 339 in September 2020, and up 43.2% in the overall region, going from 301 to 431 which are both above the five and ten year averages. Year-to-Date (YTD) sales in Regina rose 9.2% over last year, increasing from 2,105 to 2,299, while YTD sales in the larger region rose 14.6%, going from 2,498 to 2,863.


Regina real estate

Regina real estate

For Regina real estate, the number of new listings in September 2020 rose 30.6%, going from 376 to 491 (9.3% above the 5-year average and 6.4% above the 10-year average), while in the region, new listings rose 23.6% from 483 last year to 597 this year (8.6% below the 5-year average and 5.2% above the 10-year average). YTD new listings in the city fell 5.0%, going from 4,247 to 4,035, while in the larger region, the number of new listings to date fell 6.2%, going from 5,422 to 5,087. Active listings fell 15.6% in Regina (down from 1,511 to 1,276) and fell 21.6% in the region (down from 2,194 to 1,720).

Regina real estate

Regina real estate

Inventory in Regina stood at 3.8 months (which is 36.7% below the level last year and 35.8% below the 5-year average), while the sales to listing ratio was 69.0%, suggesting that market conditions favour sellers. Inventory in the larger region stood at 4.0 months (which is 45.3% below the level last year and 43.0% below the 5-year average), while the sales to listing ratio was 72.2%, suggesting that market conditions favour sellers.

Regina real estate

Regina real estate

Homes in Regina stayed on the market an average of 52 days in September—down 17.5% from 63 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 58 days on average in 2020, but also down from an average of 68 days last year (and 2.7% 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 $286,900 to $290,700. This furthers the slight month over month increase we have seen in home prices for the last few months, the benchmark price of a home in Regina during September 2020 was $286,900.

Regina real estate

Regina real estate

Contact Me

Overall, Regina real estate seems to be holding steady in a chaotic world. In Saskatchewan we have been very fortunate to have been minimally affected by Covid-19 so far. If you have any questions about Regina real estate you can give me a call at 306-552-7047 or fill out my online contact form

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