The average sales price in the Regina area for the month was $326,656, an increase of two per cent from $318,964 in 2015. The average in the city was $328,893, up one per cent from $325,28 last year.
But the Home Price Index (HPI), which measures residential price trends based on four benchmark home types, reported a composite residential price of $297,700, up 3.4 per cent from $288,000 in 2015.
This is the highest level since 2013 and indicates that most of the price losses that had occurred since then has now been recaptured, the association said, adding that the HPI is a much more accurate measure of housing price trends than average or median price.
Sales dollar volume of $125.4 million was posted in the Regina area, an increase of 19 per cent from $105.3 million in 2015. Dollar volume in the city of $105.2 million was up 17 per cent from $89.8 million in 2015.