February 2025 Real Estate Market Update: Regina, Saskatchewan

Regina’s housing market remained active in February 2025, with 253 homes sold, reflecting a 7% year-over-year decline. However, sales were still over 30% above the 10-year average, indicating continued demand despite limited inventory.

Key Market Highlights

• 253 home sales, down 7% from February 2024, but 30% above the 10-year average.
• New listings dropped to 304, a 5% year-over-year decrease and 19% below long-term trends.
• Total inventory fell to 514 units, 28% lower than last year, with 124 conditionally sold properties.
• Months of supply at 2.03, marking the lowest February inventory in nearly two decades.
• Benchmark home price increased to $317,700, a 1.7% year-over-year gain.

What This Means for Buyers and Sellers

With inventory at historic lows, buyers face competitive conditions, particularly in high-demand price ranges. Sellers continue to benefit from strong demand and rising prices, making this an opportune time to list properties.

Market Outlook

As Regina's inventory remains tight and demand persists, prices are expected to stay strong through the spring. Prospective sellers should take advantage of the low competition and favorable pricing trends.

Thinking about buying or selling in Regina? Connect with a real estate professional today to navigate this competitive market.