Signs of spring are all around you. Real estate signs that is, as the Winnipeg real estate market got a head start on spring with listings, sales, and dollar volume all warming up to busier market conditions in March. Dollar volume continues its upward trajectory with $200 million easily surpassed for the first time in March. MLS® sales rivaled the best March ever in 2007 with over 1,100 and you have to go back to 2000 to find a better market for new listings.

Quite simply put, March 2010 is a vast improvement over a poor March 2009 and head and shoulders above any other March in terms of dollar volume. Another indicator of a more active market to close off the first quarter is the fact three out of five homes sold at or above list price. REALTORS® also were instrumental in selling 50% of homes in March for above list price. It seems that more urgency has crept into our market in terms of people wanting to take advantage of more favourable financial conditions before rates start heading up.

For residential-detached sales, the most active price ranges were the $200,000 to $249,000 and the $150,000 to $199,999. They represented 21 and 19% respectively of total sales. Not far behind was the $250,000 to $299,999 price range at 16%. The average days on market of sales of residential-detached listings was 26 days, 3 days faster than last month and 4 days less than March 2009.

I am available at anytime to discuss the Real Estate market. Get the FACTS. Whether buying, selling or if you just have questions, call me. I would be pleased to assist you, your friends or your family with your Real Estate needs.