2018 has started off to a solid start compared to the 2 previous years in Regina. (Personally I am saying not much of a change).
143 sales in Regina compared to 139 in 2017 = 2.8%.
The Home Price Index reported a price of $279,400 down from $293,600 one year ago. The downward direction on prices is because of the over supply of properties and it’s pushing sellers to keep reducing their asking prices.
We have 1,133 active residential listings on the market at the end of January, over 20% increase from 2017.
The ratio of sales to new listings for the month was 30% (meaning only 30% of listings sold). Still a buyer’s market. Condos make up almost 30% of the listings which is high.
Click here for the full report.