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For Week Ending August 15, 2015

 

For Week Ending August 15, 2015

According to the Canadian Real Estate Association, Regina was one of the only markets that lost on average home prices. Rising prices remain the norm in cities like Toronto and Vancouver, but Saskatchewan seems to have reached a point of normalization in the market. Time will tell if the trends remain in a state of stasis, but the remaining daylight hours of the selling season may yet curtail declining numbers as interest rates continue to remain at remarkably low levels.

In the Regina region, for the week ending August 15:

  • New Listings decreased 22.7% to 143
  • Firm Sales increased 8.4% to 90
  • Inventory decreased 6.0% to 2,363

For the month of July:

  • Median Sales Price decreased 3.2% to $300,000
  • Days on Market increased 19.0% to 50
  • Percent of Current List Price Received remained flat at 96.6
  • Months Supply of Inventory increased 7.9% to 6.8

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Tim Chicilo
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