Winnipeg Free Press - ONLINE EDITION

March calmness in resale homes market

  • Print

First-time homebuyers retreated to the sidelines last month as Winnipeg’s resale homes market experienced its slowest March since the mid-1990s.

The Winnipeg Realtors Association (WRA) said only 844 properties changed hands last month through the local Multiple Listing Service (MLS), a drop of 26 per cent from a year earlier when 1,138 properties were sold.

It was also the lowest March sales total since 1995 and came on the heels of an 11 per cent drop in sales in February.

"In looking more closely at what happened, the drop off in buyer activity was three times greater in the first-time homebuyer price ranges than in the upper ones," the association said.

"Instead of March madness, it was March calmness, with buyers notably absent from our MLS market at this time of year," WRA president Richards Dettman.

With the drop in unit sales, the dollar volume of sales for the month also declined by 15 per cent to $224.7 million from $264.7 million.

murray.mcneill@freepress.mb.ca

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Your Vote: The Blue Bombers All-Time Team

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press.  Local/Standup- Morning Fog. Horse prances in field by McPhillips Road, north of Winnipeg. 060605.
  • Marc Gallant/Winnipeg Free Press. Gardening Column- Assiniboine Park English Garden. July 19, 2002.

View More Gallery Photos

Poll

What should the legal drinking age be?

View Results

View Related Story

Ads by Google