Hey, Regina! January market stats are here... and they are pretty much on par from last year. 2019 saw an extra 3 sales compared to January 2018. There were 389 new listings posted in the city, significantly lower than what was listed in 2018. The total active listings at the end of the January were 1223, still higher than 2018s 1133. Additionally, there were 145 sales in Regina, however, still below the 10 year average of 154. The inventory levels still remains high at 9.7 months, slightly higher than the 5 year average for January. "Despite the relatively decent levels of sales during the month, the market continues to be affected on the demand side by relatively weak economic conditions and the federal mortgage stress rules which are unnecessarily putting buyers on the sidelines" said the Association of Regina REALTORS® CEO Gord Archibald.
As we head into a new year of Regina Real Estate pricing effectively and presenting your home at its absolute best will make or break the sale of your home.
As always, if you have any questions or would like to discuss the market value of your home, please do not hesitate to reach out. I'm here to help!
Composite Home Properties:
Built in 1971, 1108 sq ft, 3 beds, 3 baths, unfinished concrete basement, single attached garage *