Regina real estate sales for June are down approximately 8% from 2012 but still ahead of the 5 and 10 year averages. Overall sales for the first half of 2013 are down 18% from 2012.
The average sales price in June was also down 2% with an average sales price of $321,161. The year to date sales price in Regina for 2013 is actually up 5% at $314,295 up from $299,891 at this time last year.
The year to date sales volume hit $573 million down 14% from the first half of 2012. The average home sold in 32 days for 97% of the asking price.
The city of Regina had 1,036 active listings at the end of June. The ratio of new listings to sales was 57% indicating a well balanced real estate market in the City of Regina. The market is shifting from a seller’s market to a buyer’s market as the inventory of active listings is increasing.
