I am pleased to be able to share my 2023 March Regina Real Estate Market Report!
March 2023 Monthly Housing Market Trends Report
How Does This Compare to Saskatchewan Data?
There were 1,213 sales recorded across the province in March, a 20 percent year-over-year decline. Despite year-over-year sales declines, this level of sales is still stronger than pre-pandemic levels and nearly 10 percent above long-term, 10-year trends.
New listings decreased by over 17 percent on a year-over-year basis and remain significantly below the 10-year average. In the first quarter of 2023, properties priced below $400,000 contributed to the most significant decline in new listings. A reduction in the number of new listings relative to sales resulted in further year-over-year declines in inventory levels, which remain over 30 percent below long-term averages.