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Condo sales hot despite lower home sales in January

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New listings were seven per cent higher over last year and dollar volume was down less than one per cent.

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New listings were seven per cent higher over last year and dollar volume was down less than one per cent.

Cold weather kept Winnipeg home buyers out of the market in January with single-family home sales down 10 per cent for the month compared to the year before.

But WinnipegRealtors reported that the 565 MLS sales in January were still better than the 10 year average for the first month of the year.

Even so, new listings were seven per cent over last year and dollar volume was down less than one per cent at $146 million compared to $146.9 million for the same month last year.

The harsh winter weather did not seem to hamper condominium sales activity which were up an impressive 36 per cent from January 2013. They clearly helped offset the sales decreases in other MLS property types.

The average days on market for residential-detached sales was 43 days, one day quicker than January 2013 and for condominium sales it was 45 days, four days off the pace set in January 2013.

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