Regina Real Estate Market Update May 2025

Regina Summary:

Regina Real Estate during the month of May was a busy one! More new listings, more firm sales and a 7% year over year increase in prices makes for happy sellers and stressed buyers. We are still seeing multiple offers and intense competition among some property types and prices ranges, some sales firming up with 100K more than the initial asking price. The *ask to sale price* ratio hovers around 100%, meaning that the majority of listings coming to market are selling for 100% of their asking price and/or more. 

Buyers need a strategy to get their offer accepted, sellers need to have their home in tip-top shape if they want to capitalize on the Regina real estate market. 

Our team is working incredibly hard to help sellers prepare their home for that desired “multiple offer situation” by doing numerous staging walkthroughs before photos, recommending contractors for minor repairs, and helping sellers choose which areas to focus on to maximize. 

We are working hard with buyers to do as much due diligence on the property as possible before offers so we can be prepared for inspections and be ready to remove conditions quickly. Our mortgage broker partners are quick and prepared upfront, and they deal with hiccups calmly and professionally.

Statistics for May:

Total Sales: 422

New Listings: 622

Total Inventory: 755

Months of Supply: 1.79

DOM (Days on Market): 26

Benchmark Price: $340,800

Percentage of new listings to sales: 68%

Ask to Sale Price Ratio: 96.1%

 

SEE HERE FOR A FEW COMMENTS MADE BY CEO CHRIS GUÉRETTE OF THE SASKATCHEWAN REALTORS ASSOCIATION:

Saskatchewan recorded 1,750 home sales in May, a five percent decrease compared to May 2024. However, sales remained over 16 percent above the province’s 10-year average for the month of May. Following a near-record year in 2024, year-to-date sales have also declined by nearly three percent through the first five months of 2025, but continue to outperform long-term, historical trends.

Despite strong monthly sales, inventory levels increased compared to the month prior, with 5,008 available units across the province at month’s end. While this modest inventory gain offered some relief, over 900 of these units are conditionally sold and expected to leave the market, while inventory levels remain over 40 percent below the 10-year average.

“Our province’s housing market continues to exceed expectations, with May marking 23 consecutive months of sales above the 10-year average,” said Association CEO Chris Guérette. “The key takeaway isn’t the slight year-over-year sales dip following a near-record 2024 – it is our market’s continued resilience amid economic uncertainty and persistent supply challenges.

”Tight market conditions continued to drive further gains this month, as the province’s residential benchmark price rose to a record-high $369,500 in May, up from $360,500 in April and nearly nine percent higher than May 2024. 

Significant price gains were not limited to the provincial benchmark price in May, as the cities of Humboldt, Martensville, Meadow Lake, Melville, Melfort, Moose Jaw, North Battleford, Prince Albert, Regina, Saskatoon, Swift Current, and Warman all reported record benchmark prices this month. 

“Record benchmark prices across nearly a dozen communities in May, with price gains as high as 18 percent year-over-year, is quite significant,” noted Guérette. “We’re optimistic that market conditions will trend more towards balance in the coming months, but we see the impact it can have on housing prices when the market is this tight.”

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.