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Resale-home market rebounds in April

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401 more properties changed hands in April than in March.

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401 more properties changed hands in April than in March.

Winnipeg’s resale-homes market rebounded in April, with 401 more properties changing hands than in the previous month, according to new Multiple Listing Service (MLS) figures released today.

The Winnipeg Realtors Association said 1,245 properties sold during the month through the local MLS.

But while that was nearly a 40 per cent improvement over March’s sales total of 844, it still fell 101 units, or seven per cent, short of April 2012’s total of 1,346.

The association attributed that in part to fewer homes being available last month in the more popular price ranges. For example, there were 16 per cent fewer listings in the under-$250,000 category, and 11 per cent fewer in the under-$300,000 range.

"What his month’s results confirm is a sales parameter we have observed for some time," said WRA president Richard Dettman. "Keeping our local market affordable with more lower-priced listings is a key determinant of our sales success."

The seven per cent decline in unit sales was accompanied by a three per cent decline in the dollar volume of sales for the month — $325.9 million versus $337.4 million in April 2012.

The association said April’s declines left unit sales running 11 per cent behind last year’s pace after the first four months of 2013 — 3,401 versus 3,829. The dollar volume of sales was down five per cent to $876.3 million from $926.4 million.

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