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Home sales rose in Regina this year: ReMax
A house "sold" sign in Oakville, Ont., Monday, July 23, 2012. (Richard Buchan / THE CANADIAN PRESS)
Published Wednesday, November 14, 2012 8:18AM CST
The latest real estate outlook says home sales rose in Regina this year.
ReMax estimates 4,200 homes will be sold in 2012, up eight per cent from a year earlier.
In 2013, home sales are forecast to rise another two per cent to 4,300.
The average selling price in the city increased eight per cent to $300,000 this year. That number is expected to climb to $315,000 in 2013.
ReMax says Saskatchewan’s sound economic fundamentals are driving the demand.
Nationally, an estimated 454,000 homes will change hands in 2012.