Interested in what's happening with Regina Real Estate Sales? Check out the monthly article for detailed market stats!
Regina Summary:
Happy February! Minus 40 temps bring slower sales? Not for Saskatchewan! January typically marks a very slow month for real estate but with the 172 sales that occurred they pushed the average home price in the city up another 5% year over year. We can expect the market to be steady all while the news regarding real estate will be overly negative considering whats going on in the world right now. Remember, people need homes and will always buy and sell real estate. Give us a call to see how we can help you.
Statistics for January:
Total Sales: 172
New Listings: 279
Total Inventory: 537
Months of Supply: 3.12
DOM (Days on Market): 54
Benchmark Price: $316,300
Percentage of new listings to sales: 62%
Ask to Sale Price Ratio: 0.98
SEE HERE FOR A FEW COMMENTS MADE BY CEO CHRIS GUÉRETTE OF THE SASKATCHEWAN REALTORS ASSOCIATION:
Saskatchewan’s housing market is off to a strong start in 2025, with 782 sales across the province in January—up one percent year-over-year and over 17 percent above 10-year averages. Strong January sales led to the nineteenth consecutive month of above-average sales in the province, a streak of robust sales that dates back to June 2023.
New listings declined by two percent year-over-year and were down nearly 28 percent compared to long-term averages. Declining new listings continue to be met with strong demand, which failed to provide any supply relief to begin the new year.
Inventory levels were down 19 percent year-over-year and currently sit over 44 percent below the 10-year average, with over 600 fewer units available than this time last year. Notably, of the 3,925 available units reported at month’s end, over 700 had already accepted a conditional offer and are set to leave the market once those transactions close.
“While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations,” said Association CEO, Chris Guérette. “We’re picking up right where we left off after a near-record 2024.”
Tighter market conditions continue to place upward pressure on home prices across the province, as Saskatchewan reported a residential benchmark of $342,600 in January - up from $337,800 in December and nearly seven percent higher than January 2024.
“Until recently, Saskatchewan was braced for another strong year in 2025. That outlook has become less certain given the threat of tariffs, coupled with potential Canadian retaliation and uncertainty with the Bank of Canada,” said Guérette. “We’ll be keeping a close eye on these external factors and their potential implications on Saskatchewan’s housing market in 2025.”
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.