It's official - total real estate sales have passed the $1 billion mark for the first time. Based on reports through the Association of Regina REALTORS® MLS® System, several new highs were sent in November 2011 compared to a year ago:
Sales up 21% - from 257 to 311
Sales in the city up 18% - from 220 to 259
Average sale price up 3% - from $265,590 to $273,243
Average sale price in the city up 5% - from $271,028 to $284,716
Active Listings at the end of November - 1,103, including 507 in the city
New listings in November up 4% - from 331 to 344
Sales up 8% - from 3,378 to 3,652
Sales in the city up 18% - from 2,914 to 3,117
Average sale price up 8% - from $258,438 to $277,898
Average sale price in the city up 8% - from $264,143 to $285,731
The sales activity in November is characteristic of a combination of late summer and early fall market and strong demand for housing. We are now entering what is typically the slower market around the holidays.
Are you looking for a REALTOR® to list your home or searching for the home of your dreams? Check out my website. We have trained professionals in Regina and surrounding areas that can help you with all your real estate needs.