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It appears to be a buyer’s market once again for anyone looking to own a home in Regina.
Listings are at a 20-year high and sales are up 21 per cent city wide.
According to the MLS Home Price Index report, the average selling price of a Regina home is down five per cent in the past five years.
The door is open for buyers, new and old, but sellers are having a harder time.
“After being on the market for six weeks, I probably accepted about $10,000 less” said Karen Mains.
The report noted that of the 433 homes sold in June – up from 384 last year – homes were on the market for an average of 37 days.
Mains, who listed her home on May 26, just sold it conditionally this week. Her realtor said to expect one to two people a week for a showing, but had eight showings a week.
“There was a lot of showings coming through but no offers,” said Mains who had two offers.
Despite the drop in price, there was $110.2 million in housing sales, up from last year’s $88.8 million year-to-date.
ASalloum@rawlco.com
Follow on Twitter: @AlecJSalloum
