MLS sales momentum continues in May
Residential property sales reported through the Regina and area MLSÂ System were up in May the Association of Regina REALTORSÂ Inc., said the Association.
There were 444 sales reported during the month in all geographic areas, the second highest for May ` only behind 2007, when 494 sales occurred, and up 11 per cent over 399 in 2011. There were 359 sales reported in the city, up four per cent over 2011 when 346 properties were sold.
The average sales price for all areas broke the $300,000 mark for the second consecutive month, coming in at $303,585. This was up two per cent from the previous high reported in 2011 of $296,851. The average in the city was $312,971, up three per cent from $304,791 posted last year.
Total dollar volume of sales for all areas surpassed the $100 million for the third month in a row, coming in at $134.7 million. This is up 14 per cent over $118.4 million posted in 2011. Dollar volume in the city also set a new all-time high of $112.4 million, an increase of seven per cent from $105.5 million in 2011.
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