A JULY THAT NOBODY CAN DENY - A Record July MLS® Dollar Volume Month of $352 Million

If July was a cup of coffee it would be brimming over the top. Dollar volume not only crashed through $300 million for the first time in July but eclipsed $350 million in sales transaction activity. Helping achieve this new benchmark for July were sales only 19 shy of the highest July sales ever. Back in July 2008 1,407 sales were recorded on WinnipegREALTORS®’ MLS®...

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APRIL MLS® MARKET REBOUNDS FROM PREVIOUS MONTH - MLS® Sales Down 7%; MLS® Dollar Volume Off 3%

Signs of spring while questionable at times in April brought more buyers out to take advantage of an MLS® inventory higher than it has been in many years. The equivalent of nearly 40 % of the 3,205 MLS® listings at the end of April sold and that is over 400 units more than what sold the previous month. While sales and dollar volume were down from April 2012, sales were still 2% above the 10-year average and dollar volume finished a strong second to last year’s highest April dollar volume of $337 million...

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A BELOW AVERAGE MARCH FOR MLS® SALES - MLS® Sales Down 26%; Dollar Volume Off 15%

Will someone turn the pilot light back on and warm up our MLS® market? You have to go back to the old Winnipeg Jets era when the likes of Teemu Selanne and Thomas Steen were entertaining fans at the Winnipeg Arena to find the last March where sales were lower than March 2013. It just so happened to be the 1994-1995 NHL lockout season where only 48 games were played. Sound familiar! And lack of scoring or conversions of listings to sales clearly hurt sales activity in March. To use another sports analogy, many buyers decided to sit on the sidelines and not venture out onto the field of play...

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FEBRUARY MLS® SALES DROP OFF 11% - MLS® New Listings Decline 12%

Call it what you will, whether some rather harsh winter weather conditions or just softening in the local marketplace for this time of year, there was a real parallel in the drop off of new listings and sales at 12 and 11% respectively. The conversion of new or current listings to sales remained the same this February as in the past two years. So one way of interpreting what happened this year to precipitate less sales activity is there were less property owners willing to put their property on the market. At the same time, buyers at least for single family homes did not reach into the older existing inventory to any great extent to buy what was on the market...

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RICHARD DETTMAN IS WinnipegREALTORS® 110TH PRESIDENT

WinnipegREALTORS® is pleased to introduce Richard Dettman as WinnipegREALTORS® 2013 president. He becomes the 110th president to head up this long standing industry association comprised of over 1700 members active in the local real estate market. He takes over from outgoing president Shirley Przybyl...

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2012 MLS® SALES REACH 13,000 LEVEL - New Annual Dollar Volume Record Set at $3.2 Billion

2012 has to be regarded as another exceptional year with sales only nudged out in 2007 and 2011 by the slightest of margins. Annual dollar volume resulted in moving the bar a little bit higher again and it is only the second time in WinnipegREALTORS® 109-year history where sales dollar volume has exceeded the $3 billion mark achieved in 2011. In only 5 years, the total MLS® dollar volume has increased 44%. This increase equates to nearly $1 billion...

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