Home sales in Regina were up 50.0%, going from 250 in June 2019 to 375 in June 2020, and up 62.8% in the overall region, going from 296 to 482. In Regina, sales were 21.6% above the 5-year average (and 18.3% above the 10-year average), while in the larger region, sales were 26.4% above the 5-year average (and 25.5% above the 10-year average).
Year-to-Date (YTD) sales in Regina fell 8.9% over last year, decreasing from 1,350 to 1,230, while YTD sales in the larger region fell 4.0%, going from 1,581 to 1,518.
The number of new listings in Regina during June 2020 rose 25.6%, going from 477 to 599 (3.8% above the 5-year average and 8.3% above the 10-year average), while in the region, new listings rose 21.5% from 613 last year to 745 this year (1.1% below the 5-year average and 5.2% above the 10-year average).
YTD new listings in the city fell 14.6%, going from 2,926 to 2,500, while in the larger region, the number of new listings to date fell 14.6%, going from 3,756 to 3,207. Active listings fell 17.4% in Regina (down from 1,610 to 1,330) and fell 20.2% in the region (down from 2,320 to 1,852).
The sales to new listing ratio was 62.6%, suggesting that market conditions favour sellers.
Homes in Regina stayed on the market an average of 58 days in June—up 7.4% from 54 days last year (and above the 5-year average of 48 days and above the 10-year average of 38 days).
The MLS® Home Price Index (HPI)—a more accurate measure of house price trends— for Regina as a whole (composite) is up 1.5% from $261,200 to $265,000.
Overall, home sales in Regina have improved with more sales happening and the average price of homes slightly increasing. These are factors that indicate the Regina real estate market is improving.
Contact Me
If you have any questions about buying or selling real estate at this time, please give me a call at 306-552-7047 or fill out my online contact form!
Kelsey Smith Is Regina’s Choice
Choosing the right Realtor® is key to ensure a positive and successful real estate transaction. Kelsey Smith promises to deliver the education and time necessary to buy or sell your Regina home. Call 1-306-552-7047 and rest easy knowing you have made the right choice.