The February 2025 real estate market in Regina, Saskatchewan, showed mixed results, with a decline in sales but an increase in home prices. Inventory remains a key concern, keeping the market competitive for buyers. Here’s what you need to know about last month’s housing trends.

Sales Decline but Stay Above Historical Averages

  • 253 homes were sold in February 2025, reflecting a 7% decrease compared to February 2024.
  • Despite the dip, sales were 30% above the 10-year average, indicating a sustained demand for housing.

New Listings and Inventory Shortages

  • 304 new listings entered the market, down 5% year-over-year and 19% below the long-term average.
  • The total inventory stood at 514 active listings, 28% lower than February 2024.

Low Months of Supply Creates a Competitive Market

  • The months of supply—a key metric in real estate—dropped to 2.03, marking the lowest level for February in nearly 20 years.
  • This tightening of inventory is keeping conditions in favor of sellers.

Home Prices Continue to Rise

  • Regina’s benchmark home price increased to $317,700, reflecting a 1.7% rise year-over-year.
  • This suggests that despite lower sales, home values are maintaining an upward trajectory.

What This Means for Buyers & Sellers

  • For Buyers: With inventory at historic lows, competition remains fierce. Buyers should be prepared for bidding wars and act quickly.
  • For Sellers: Rising home prices and strong demand continue to create favorable selling conditions, though pricing competitively remains crucial.

Final Thoughts

Regina’s real estate market remains strong despite the dip in sales. With historically low inventory levels, prices are expected to remain steady or continue their upward trend. If you’re considering buying or selling, working with an experienced real estate professional can help you navigate the market effectively.

For more insights and personalized real estate advice, contact us today!

Posted by Team Allingham on

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