The local real estate market for houses continued on a sluggish path for the first three months of the year.
Dollar volume of $18.4 million increased 2.5 per cent over the previous year period, according to data from the Association of Regina Realtors.
But sales and prices declined. The 76 houses sold amounted to 16 per cent less than were sold in 2018.
The association benchmark average price of $196,100 was 12 per cent less than one year ago, and 7.9 per cent less than five years ago. Prices are about the same level as in 2012.
In Moose Jaw, the one-storey home benchmark price is $200,500, down from $223,000 one year ago. Two-storey houses at $183,400, fell from $206,700 a year ago.
The benchmark price is calculated to remove the skew out of average prices caused by a few sales of high-priced properties.
The 179 properties listed for sale is 20 per cent fewer than in March 2018.
Ron Walter can be reached at [email protected]
