Regina housing market: Summer sale levels among highest ever recorded, inventory low [Video]

More of the same for Regina’s housing market in July – as above average sales continue to promote scarcity and rising costs in Saskatchewan’s capital.

The Saskatchewan Realtors Association (SRA) laid out the statistics in its monthly report.

The Queen City reported 381 sales against 537 new listings in the month of July. This represents a 10 per cent year-over-year gain and 26 per cent above long-term, 10 year trends.

Strong sales in July contributed to a 16 per-cent gain in year-to-date sales. According to the SRA, sales in July are among the highest levels reported in the city at this point of the year.

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With strong sales comes inventory concerns. Those worries have not changed, with an inventory of 821 dwellings reported in July. The figure is more than 43 per cent below 10 year …