Local real estate sales continue the downward trend in average price and number of for sale listings, according to the monthly report by the Association of Regina Realtors.
Year-to-date residential sales on the Multiple Listing Service in the city of 351 properties increased 2.9 per cent over last September.
The increase occurred with 20 per cent fewer sales in September than last September — 32 compared to 40 in 2018.
Listings of homes last month fell to 67 from 83.
Dollar volume year-to-date of $83.4 million was a mere .8 per cent higher than last year for nine months.
Ratio of sales to listings of 47 per cent is considered by the association to reflect a balanced market between buyers and sellers.
The average benchmark house price of $204,000 fell 3.7 per cent in one month and 7.7 per cent from one year ago. Ten years ago, the average price was $167,000 climbing to a peak of $225,400 in 2014.
Ron Walter can be reached at ronjoy@sasktel.net
