Courtesy of Penny Milton

SASKATCHEWAN REAL ESTATE FINISHES 2020 ON A HIGH January 06, 2021 - Regina – Sales in Regina were up 44.9%, going from 138 in December 2019 to 200 in December 2020, and up 48.2% in the overall region, going from 164 to 243. In Regina, sales were 43.9% above the 5-year average (and 32.0% above the 10-year average), while in the larger region, sales were 47.1% above the 5-year average (and 38.7% above the 10- year average). In Regina, the number of new listings in December 2020 rose 48.4%, going from 157 to 233. Active listings fell 23.2% in Regina (down from 1,179 to 905) and fell 27.5% in the region (down from 1,624 to 1,177). Inventory in Regina stood at 4.5 months (which is 47.0% below the level last year and 46.5% below the 5-year average), while the sales to listing ratio was 85.8%, suggesting that market conditions favour sellers. Homes in Regina stayed on the market an average of 58 days in December—down 18.3%

BENCHMARK PRICES $284,700 all property types

UP 6.5% year-over-year

233 NEW LISTINGS

SOLD LISTINGS 200

SALES TO NEW LISTING RATIO

86%

from 71 days last year (but below the 5-year average of 62 days and above the 10-year average of 53 days). MLS® Home Price Index (HPI)—a more accurate measure of house price trends— is up 6.5% from $267,300 to $284,700. Source: Saskachewan REALTORS ® Association

Stats are Reflective of December 2020 Source: Saskachewan REALTORS ® Association

Market values stated are of the average of Regina and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Your referrals are the greatest compliment I can receive.

Penny Milton Sales Associate, REALTOR ® Cell: 306.591.0276 milt@myaccess.ca www.Agents4Regina.com

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