Winnipeg Free Press - ONLINE EDITION

Warm weather also sees home sales heat up

  • Print

Like the weather outside, Winnipeg’s resales-homes market is heating up after getting off to a cold start earlier in the year.

The Winnipeg Realtors Association said 1,480 properties were sold last month through the Multiple Listing Service (MLS). That’s almost on par with a year earlier, when 1,487 units changed hands.

The supply of available homes also reached levels not seen since the 1990s, the association said, with close to 4,000 units for sale going into this month.

"If a cooler, later spring tempered the multi-year escalating Winnipeg market, our recent weather has reheated sales to equal the June 2012 statistic," said WRA president Richard Dettman.

Dettman also noted last year was one of the best years on record for MLS sales in Winnipeg, so nearly matching June 2012’s sales was no mean feat.

"Looking ahead, if we can convert or turn at least 35 per cent of our active listings to sales, which is a reasonable expectation give past market performance, then third quarter sales will be off to a very good start," he added.

The association said while unit sales fell slightly short of June 2012’s mark, that didn’t stop the market from setting a new June dollar-volume record, at $392.4 million. That was a six cent improvement from June 2012’s total of $369.4 million.

Last month’s strong showing left unit sales running seven per cent behind last year’s pace after the first six months of the year — 6,431 units versus 6,921. The dollar volume was off by less than two per cent — $1.68 billion versus $1.71 billion.

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

Weekend springtime weather with Doug Speirs - Apr 19

View more like this

Photo Store Gallery

  • Goslings enjoy Fridays warm weather to soak up some sun and gobble some grass on Heckla Ave in Winnipeg Friday afternoon- See Bryksa’s 30 DAY goose challenge - May 18, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A nesting goose sits on the roof of GoodLife Fitness at 143 Nature Way near Kenaston as the morning sun comes up Wednesday morning- See Bryksa’s Goose a Day Photo- Day 07- Web crop-May 09, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Now that the snow is mostly gone, what are your plans?

View Results

Ads by Google