Market starting to turn
The real estate market has been in a holding pattern since January but over the past few weeks we've seen an increase in activity especially with the number of first time home buyers onto the market. Low interest rates and a good supply of homes are two of the main reasons. As of last week there were approximately 660 homes on the market in Regina. This does not include condominiums which there is an abundance. The majority of homes on the market right now are 2 storeys between $300,000 - $400,000. Prices have gone up this year and are likely to continue that trend through to the end of the year according to reports. Let's hope the weather starts to turn to keep up with the market.