Home sales in Regina for July are on par with last year, but they remain below longer-term averages, according to a report released by the Association of Regina Realtors (ARR) on Friday.
There were 314 homes sold in Regina and area last month, only five units higher than in July 2018. However, last month’s sales were well below the five-year average of 329 and the 10-year average of 347.
In Regina proper, there were 254 homes sold last month, up by 5.3% from 2018. However, that number is below the five-year average of 284 and the 10-year average of 261.
So far this year, there have been 1,903 homes sold in Regina and area, while 1,587 in Regina proper, up by 4.8% from last year.
“Although sales for the city are below five and 10-year averages, they have jumped over numbers posted in July of ’16,’17, and ‘18, which is good news for the overall market,” said Rob Reynar, ARR manager of operations.
At the end of July, there were 1,624 active residential listings in the city for sale on the market, down by 7.2% from 2018.
In that month alone, 650 new listings in Regina and area were put on the market, only one unit higher than that in 2018. In Regina proper, there were 496 homes put on the market, a decrease of 3.5% compared to last year, according to a Global News report.