April sales of existing homes in Winnipeg were down slightly from a year earlier, but on par with the 10-year average for the month, the Winnipeg Realtors Association said today.
A total of 1,227 properties changed hands during the month compared to 1,245 in April of last year, for a decline of less than two per cent, the association said.
But despite sales being a little weaker, the dollar volume of transactions for the month was still up by two per cent — $333.1 million versus $325.9 million.
That left the dollar volumes for the first four months of 2014 running three per cent ahead of last year’s pace for the same period — $904 million versus $876.3 million — and unit sales were virtually even at 3,391 versus 3,401.
"May will now be a true test of how our MLS market behaves this year, as this is the month where sales usually reach the highest monthly total of the year and push dollar volume up another notch," said WRA president David Powell. "We are in great shape with supply, so demand will be the determining factor."
The association said there were 3,860 active MLS listings for buyers to chose from as of the end of April, which was an 11 per cent improvement from the same time in 2013.
The average number of days on the market for a residential detached property in April was 26. That’s two fewer than in March, and one day off the pace for April of last year.