August 29, 2015


Business

September sees jump in city's resale-homes market

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 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

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

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.

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 January 2015.

Scroll down to load more

Top