“May market activity was clearly impacted by COVID-19 at the outset of May with MLS® sales down similar to the 30% drop off in April sales by mid-month,” said Catherine Schellenberg, president of WinnipegREALTORS®
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Following the best first-quarter market results in WinnipegREALTORS® history, COVID-19 put the brakes on the market as a number of prospective sellers and buyers took a wait and see approach to what usually is a big jump in activity to kick off the spring market.
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March finished off a strong first quarter of sales activity with 1,089 sales, an 8 % increase over March 2019. First quarter MLS® sales rose 12% over the same period in 2019.
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MLS® sales activity in February replicated January’s 15% increase resulting in 837 sales. The extra day helped as the only other year to see sales rise above 800 in February was in the 2016 leap year.
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2020 got off to a strong start with 731 MLS® sales, a 15% increase over January 2019 and 18% more than the 5-year average total.
“Positive momentum from the end of 2019 continues in 2020 with brisk sales for this time of year,” said Catherine Schellenberg, president of WinnipegREALTORS®.
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December sales of 674 were exceptional — up 25% over the same month in 2018 and 8% above the 5-year average.
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“Manitobans are actively engaged in our real estate market this year given the extent of MLS® listing and sales activity we are experiencing,” said Kenneth Clark, president of WinnipegREALTORS®. “The recovery we predicted in 2019 over 2018 has come to fruition.”
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October sales of 1,173 increased 6% over October 2018 and are the same percentage above the 5-year sales average for this month.
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WinnipegREALTORS® experienced its strongest third quarter of market activity on record with close to 4,100 MLS® sales worth 1.19 billion dollars. Each of the three months had their highest dollar volume totals ever for their respective months.
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A record month of sales and dollar volume activity for August capped off a very active summer. July and August were identical twins when it came to sales.
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