Royal LePage has released its latest housing survey results for July, August, and September.
During the third quarter of 2017, the aggregate price of a home in the region decreased 1.9 per cent year-over-year to $327,636, according to The Royal LePage House Price Survey released Thursday.
When broken out by housing type, the median price of a standard two-storey home decreased 2.3 per cent year-over-year to $395,817.
During the same period, the median price of a bungalow remained relatively flat, decreasing 0.7 per cent year-over-year to $298,351, while the median price of a condominium decreased 7.8 per cent to $234,263.
“Outside of the entry-level condominium market that continues to struggle from overbuilding in 2016, the overall housing market is balanced and doing well considering many buyers are waiting until uncertainty from NAFTA negotiations is resolved,” said Mike Duggleby, broker and managing partner, Royal LePage Regina Realty. “There is some disappointment in the cancellation of the Energy East pipeline, however, Regina is an affordable region and the stabilization of oil prices has improved consumer confidence.”
Duggleby added that he expects sales and prices in the region to remain flat for the remainder of the year.