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For Week Ending July 4, 2015

 

Certain markets in Canada have experienced heavy price increases over the last seven or eight years. While a rise in prices is natural due to inflation, extreme jumps are the antithesis of a sustainable marketplace. Income equality has been a burgeoning topic of conversation, as a lack thereof could lead to a strain on housing and a new generation of buyers. At least Regina continues to be on more stable footing and should continue along that track through the remainder of the summer.

In the Regina region, for the week ending July 4:

  • New Listings increased 4.1% to 177
  • Firm Sales increased 37.5% to 88
  • Inventory decreased 1.8% to 2,455

For the month of June:

  • Median Sales Price increased 3.2% to $303,500
  • Days on Market remained flat at 40
  • Percent of Current List Price Received decreased 0.4% to 96.5%
  • Months Supply of Inventory decreased 21.4% to 5.5

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Tim Chicilo
Phone: 1 (306) 539.0085
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