James Wruth Regina Real Estate
REAL ESTATES AGENTS IN REGINA | JAMES WRUTH

HOW MUCH ARE HOMES IN REGINA?

MARKET STATISTICS FOR HOMES SALES EACH MONTH

Review monthly benchmark home prices in Regina.

REGINA HOUSING MARKET OUTLOOK

The 2025 Regina housing market is expected to favour sellers.

Stay Informed on Regina’s Real Estate Market!

As your trusted Regina real estate expert, I’m committed to keeping you updated on the latest market trends.

Each month, I’ll provide you with key statistical data on the number of homes sold, average sale prices, and important insights into the overall market outlook.

May 2025 

The City of Regina reported 422 sales in May, down three percent year-over year and over 23 percent above long-term, 10-year trends. There were 622 new listings in May, up over 11 percent year-over-year and in line with historical averages for May. Despite some new listing relief, 172 of the 755 units available at the end of the month were conditionally sold, with 543 active units, or 1.8 months of supply, heading into June. Regina reported a record benchmark price of $340,800 in May, up from $335,500 in April, and nearly seven percent higher than May 2024.  

What Type of Market Are We In? 

In real estate, "months of supply" (also known as "months of inventory") is a key metric that helps determine whether a market is a seller's market or a buyer's market. Generally, 3 months of inventory or less indicates a seller's market, while 6 or more months of inventory indicates a buyer's market. A balanced market typically falls between 4 and 5 months of inventory. 

Seller's Market:

When there's a shortage of available homes, buyers are more likely to compete, leading to higher prices and faster sales for sellers. This typically happens when there are fewer than 3-4 months of inventory. 

Buyer's Market:

When there's an abundance of homes for sale, buyers have more choices and can negotiate better prices. This usually occurs when there are 6 or more months of inventory. 

Balanced Market:

A balanced market is when supply and demand are in equilibrium. There are neither a surplus nor a shortage of homes for sale, and prices tend to remain stable. This generally occurs when there are 4-5 months of inventory

The average sale price in the Regina housing market has increased by six per cent across all property types between 2023 and 2024 from $307,325 in 2023 to $325,809.

The number of sales transactions increased by 14.2 per cent during the same period, from 3,019 property sales in 2023 to 3,447 unit sales in 2024. 

Meanwhile, the number of listings declined 20.6 per cent year over year, from 979 in 2023 to 777 in 2024. Looking ahead to 2025, the Regina housing market is expected to favour sellers, with average sale price across all property types anticipated to rise by three per cent.

First-time homebuyers are expected to drive market activity in 2025, buying up any type of housing in the $200,000 – $400,000 price range. Single-detached houses are expected to see the most sales activity in the region next year.

30-year amortization will make it easier for first-time homebuyers to purchase a home in the region in 2025, although low inventory will remain a challenge.

The region experienced 15 consecutive months of above-average sales. In October 2024, year-to-date sales reached 3,447, marking the highest level of sales ever reported through October in Regina. October had less than two months of supply, which is unprecedented for this time of year.

Typically see sales volume slow in Q4 and through the winter months, but it remains to be seen whether that will help improve inventory levels.

Should strong sales continue to be met with inventory challenges, it’s fair to expect prices to continue to rise.

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