Greetings friends,
I am pleased to be able to share my 2022 March Regina Real Estate Market Report!
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How Does This Compare to National Data?
March 2022 Monthly Housing Market Trends Report
April 3, 2022
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.