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City's resale housing market on fire in June

Winnipeg's resale housing market was on fire in June, ringing up the second best monthly sales totals in more than a century, according to new figures released today.

The Winnipeg REALTORS Association said 1,564 properties sold last month through its Multiple Listing Service for a total of $317 million.

Not only was that the second best monthly unit-sales total in the association's 105-year history -- the best was May, 2007's 1,652 -- but it was also the second highest dollar total behind May, 2008's $319.7 million.

It was also the second month in a row that the dollar volume of sales topped the $300-million mark.

"Nothing like two consecutive months of exceptional and positive MLS sales activity," said WRA president Darlene Clare. "It is almost like we did a copy and paste on May for June, as even the new listings are very close in numbers."

The association said new listings were up by 16 percent for the month, while the number of active listings -- the total number of properties for sale -- was up 28 percent.

June's strong numbers left unit sales running two per cent behind last year's pace after the first six months of the year -- 6,817 compared to 6,954 -- and the dollar volume of sales running 13 percent ahead -- $1.34 billion compared to $1.17 billion.

murray.mcneill@freepress.mb.ca

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