Interested in what's happening with Regina Real Estate Sales? Check out the monthly article for detailed market stats!
Regina Summary:
The Regina real estate market is currently moving at paces the rest of Canada is not experiencing right now. Home prices in Regina are up a confirmed 5.3% year over year. This means if you’ve been waiting to get into the market, it's cost you a nicer home for a lower price. Homes that listed and sold in April sold for 100.1% of their asking price.
In our personal experience, we have received up to 9 offers on some of our listings. Our buyers have lost out on homes we submitted an offer on with as many offers as 11. It’s so very important to have quality, professional representation right now. Buyers and sellers need advice, advocacy and guidance on how to navigate this market.
Statistics for April:
Total Sales: 365
New Listings: 494
Total Inventory: 636
Months of Supply: 1.74
DOM (Days on Market): 32
Benchmark Price: $335,500
Percentage of new listings to sales: 74%
Ask to Sale Price Ratio: 95%
SEE HERE FOR A FEW COMMENTS MADE BY CEO CHRIS GUÉRETTE OF THE SASKATCHEWAN REALTORS ASSOCIATION:
Saskatchewan reported 1,470 home sales in April, marking a 10 percent decline compared to April 2024, the second-strongest April on record in our province. However, despite the year-over-year dip, sales remained significantly above the 10-year average for the 22nd consecutive month — a clear sign of continued market strength.
New listings were also down, falling over seven percent year-over-year and sitting 17 percent below the 10-year average. These persistent supply shortages continue to limit inventory recovery, even as sales ease slightly.
“Our market continues to demonstrate remarkable resilience, with 22 straight months of sales outperforming long-term trends,” said Association CEO, Chris Guérette. “Although sales decreased in April compared to last year, this isn’t a demand issue — it's an inventory issue. The current inventory situation directly impacts our market’s ability to sustain even higher sales.”
At the end of April, there were 4,371 active listings across the province — up slightly from 3,851 in March. Despite this monthly increase, inventory was still down 18 percent year-over-year and remains nearly 50 percent below the 10-year average.
Tight market conditions continue to drive higher home prices, as Saskatchewan’s residential benchmark price rose to a record-high $360,500 in April —up from $353,600 in March and more than 6 percent higher than April 2024.
“We’re pleased to see our market weathering both economic uncertainty and ongoing supply challenges,” Guérette added. “It remains a challenging time for prospective buyers, but we’re cautiously optimistic that the slight rise in inventory this month is a step in the right direction.”
Are you looking to buy, sell, or invest in the local Regina real estate market? Our team is here to guide you every step of the way. Fill out the online contact form or call at 306-552-7047 for a personalized consultation and let us help you achieve your real estate goals.
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.