Posted on
April 4, 2022
by
James Wruth | RE/MAX Regina
Greetings friends,
I am pleased to be able to share my 2022 March Regina Real Estate Market Report!
I believe in personalized one-on-one service to fully understand you, your real estate goals and to be 100% accountable to you. I also want to bring value before, during and after the sale of your home!
If you are looking for a real estate agent who works tirelessly on your behalf and always offers honest and candid advice, please contact me today!
How Does This Compare to National Data?
- The national inventory of active listings declined by 18.9% over last year, while the total inventory of unsold homes, including pending listings, declined by 12.5%. The inventory of active listings was down 62.3% compared to 2020 right at the onset of the COVID-19 pandemic. In other words, for every 5 homes available for sale in the earlier period, today there are just 2.
- Newly listed homes were down 3.4% nationally compared to a year ago, and down 5.0% for large metros over the past year. Sellers still listed at rates 12.2% lower than typical 2017 to 2019 levels prior to the pandemic.
- The March national median listing price for active listings was $405,000, up 13.5% compared to last year and up 26.5% compared to March 2020. In large metros, median listing prices grew by 9.1% compared to last year, on average.
- Nationally, the typical home spent 38 days on the market in March, down 11 days from the same time last year and down 21 days from March 2020.
