Regina Real Estate Market Update January 2025

Regina Summary:

Happy February! Minus-40 temps bring slower sales? Not for Saskatchewan! January is typically a very slow month for real estate, but the 172 sales we saw pushed the average home price in the city up another 5% year-over-year. We expect the market to remain steady, even if national headlines skew negative given what’s going on in the world. People need homes and will always buy and sell real estate — call us to see how we can help.

Statistics for January:

Total Sales: 172

New Listings: 279

Total Inventory: 537

Months of Supply: 3.12

DOM (Days on Market): 54

Benchmark Price: $316,300

Percentage of new listings to sales: 62%

Ask to Sale Price Ratio: 0.98

SEE HERE FOR A FEW COMMENTS MADE BY CEO CHRIS GUÉRETTE OF THE SASKATCHEWAN REALTORS ASSOCIATION:

Saskatchewan’s housing market is off to a strong start in 2025, with 782 sales across the province in January — up one percent year-over-year and over 17 percent above 10-year averages. That marks the 19th consecutive month of above-average sales, a streak dating back to June 2023.

New listings declined by two percent year-over-year and were down nearly 28 percent compared to long-term averages. Strong demand and fewer new listings provided no supply relief to begin the year.

Inventory levels were down 19 percent year-over-year and sit over 44 percent below the 10-year average. Of the 3,925 units available at month’s end, 700+ already had conditional offers and are set to leave the market once they close.

“While market activity in the coming months will provide a clearer picture of trends for 2025, monthly sales figures continue to outperform expectations,” said Association CEO, Chris Guérette. “We’re picking up right where we left off after a near-record 2024.”

Tighter conditions continue to place upward pressure on prices, with a provincial residential benchmark of $342,600 in January — up from $337,800 in December and nearly seven percent higher than January 2024.

“Until recently, Saskatchewan was braced for another strong year in 2025. That outlook has become less certain given the threat of tariffs, potential Canadian retaliation, and uncertainty with the Bank of Canada,” added Guérette.

 

Are you looking to buy, sell, or invest in the local Regina real estate market? Our team is here to guide you every step of the way. Fill out the online contact form or call at 306-552-7047 for a personalized consultation and let us help you achieve your real estate goals.