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September sees jump in city's resale-homes market

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The Winnipeg Realtors Association said today that 1,123 properties sold last month through the local Multiple Listing Service (MLS). That’s up from 1,040 in September 2012.

BORIS MINKEVICH / WINNIPEG FREE PRESS ARCHIVES Enlarge Image

The Winnipeg Realtors Association said today that 1,123 properties sold last month through the local Multiple Listing Service (MLS). That’s up from 1,040 in September 2012. Photo Store

An eight per cent increase in unit sales in September capped off a record-setting third quarter for Winnipeg’s resale-homes market.

The Winnipeg Realtors Association said today that 1,123 properties sold last month through the local Multiple Listing Service (MLS). That’s up from 1,040 in September 2012.

The dollar volume of sales also jumped by 11 per cent to $278.8 million from $251.4 million, setting a new record for the month of September.

The association said the strong September numbers helped to make it the best third quarter on record for the Winnipeg market. It also left the dollar volume of sales running three per cent ahead of last year’s pace after the first nine months — $2.64 billion versus $2.55 billion — and unit sales running just two per cent behind at 10,234 versus 10,427.

A major contributing factor to the heightened sales activity in recent months has been a surge in the number of new listing coming onto the market.

The association said there was a 23 per cent year-over-year increase in new listings in September, and a 25 per cent jump in the number of available homes on the market. "The by-product of this surge in new offerings for buyers left an end-of-the-month inventory far larger and healthier than it has been in years," the association added.

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