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August record breaking month for home sales

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One of the big reasons for the surge in sales activity was an increase in both new and active listings.

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One of the big reasons for the surge in sales activity was an increase in both new and active listings.

Winnipeg's summer home-selling season ended with a bang, with a record number of properties changing hands.

Winnipeg Realtors Association said today that 1,292 properties were sold in August through the local Multiple Listing System.

Not only was that the most August sales on record, it was a four-per-cent increase from a year earlier, when 1,241 homes were sold.

The dollar volume of sales also hit a new record high for August, climbing to $326.9 million. The association said that was a nine-per-cent increase from August 2012's total of $298.7 million.

One of the big reasons for the surge in sales activity was an increase in both new and active listings.

"The summer's return to a more balanced market benefitted everyone," said WRA president Richard Dettman.

"For buyers it meant more choice, and for sellers it resulted in enhanced market activity and strong pricing."

August's record-setting performance came on the heels of a near-record number of MLS sales in July.

 

 

 

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