Residential real estate sales in Regina exceeded sales from 2012 for the first time in the month of July. There were 409 sales up 7% over 2012 when there were 381 sales for the month of July. This marks the first time where sales were up in any month on a year-over-year basis in the past one-year period.
The average sales price in the city was $318,169, an increase of 1% from 2012’s $314,583. The average year-to-date price at the end of July was $313,991, up 5% from 2012’s $299,731.
At the end of July there have been 1,850 sales in the city, this is down 11% from 2012 when 2,089 occurred. Homes sold were on the market for an average of 33 days before selling at an average of 96.9% of the asking price.
The city of Regina currently has 1,063 active listings on the market at the end of July. There were 763 new listings placed during the month which was up 24% from 614 in 2012.
After a slow start to the year, sales activity has significantly picked up in June and July as demand in the market place is continuing to be pushed by population and job growth in Saskatchewan. The Regina real estate market is currently a healthy balanced market.
