Blog by Rob Reynar
For Week Ending July 23, 2011
Buyers eagerly exceeded their summer 2010 activity levels – a potential sign of improving consumer confidence. Even though sellers met the challenge this time, that hasn't always been the case of late. With relatively more sales leaving the market than new supply entering the market, it's important to note how seller concessions and absorption rates respond. Bot ...
For Week Ending July 16, 2011
The current round of numbers show that, for the time being, sellers were more eager to bring their properties to market than buyers were to purchase them. Listing activity increased over 2010 levels yet sales were down.
In the Regina region, for the week ending July 16:
• New Listings increased 41.4% to 157
• Firm Sales decreased 17.5% to 66
• Inventory decrease ...
For Week Ending July 9, 2011
Both buyers and sellers seem distinctly aware that this is the height of the summer real estate season. Individuals from both sides of the closing table posted increased activity levels compared to the same week last year.
In the Regina region, for the week ending July 9:
• New Listings increased 33.3% to 188
• Firm Sales increased 21.5% to 79
• Inventory decreas ...
For Week Ending July 2, 2011
Firm Sales continue to show improvement over 2010, while New Listings entering the market continue to be slower and inventory lower than year- ago levels. Days on Market Until Sale has been slightly higher versus last year and Median Sales Price has been better. Be sure to track the historical trends for each metric. Year-over-year figures for three years of acti ...
With the first half of 2011 now behind us, it's a good time to look back and take stock. Nearly all provincial housing markets remain firmly in balanced territory. Some national indicators are being skewed by historically high sales activity in western provinces. Locally, several metrics posted positive movement. Falling demand at this time last year can also affect the current data ...