The Saskatchewan Realtors Association suggests the time is now for people who are thinking of buying a home in the province.
The organization says a slow start for the market in 2020 points to a buyer’s market, especially in Regina and the surrounding area.
CEO Jason Yochim said inventory levels are some of the lowest in the past few years, meaning there’s a chance for stronger sales if homeowners are considering putting their property up for sale.
“If you see more buyesr coming into the market as we approach the spring I think the demand will be elevated a bit to that, so it should put some upward pressure on price,” he said. “I think that low inventory level is going to make sure that prices remain where they’re at or start to inch upwards as we get into the spring market,” Yochim said.
Average prices for homes in Regina were down nearly 10 per cent from 2019 and down 1.4 per cent in the region,
However homes in the city spent an average of 85 days on the market, up 14 per cent from January 2019.