What has been happening in the Regina Real Estate Market? Here is a brief look at what happened in November, 2019.
In the Regina and area MLS® System there were 145 reported sales which is down 21.2% from 2018. Regina also saw 291 new listings which is down 5.8%.
The average days on market for November was 66.2 and this is down from 69.8 days. Regina is sitting at approximately 8.8 months of inventory.
In order to look at market trends over time we use a tool called the MLS® Home Price Index (HPI) which is more effective than using average or median prices.
A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales. In Regina there…