Sunday, June 27, 2010
In April WinnipegREALTORS® reported over 1,300 sales through the MLS®, only the second time in April when sales have reached this level. Unit sales were up 14% while dollar volume soared 26% in comparison to the same month last year. Year-to-date MLS® sales are up 12% over the same period in 2009 while dollar volume continues its record-setting pace with an increase of 23%. It is only the fourth time in
WinnipegREALTORS® 107-year history that the monthly dollar volume level of $300 million has been attained. With over 2,000 new listings in April it is the highest they have been for this month since 1998.
“All indicators show consumer confidence remains high as sellers and buyers are keen to enter our MLS® market in large numbers,” said Claude Davis, president of WinnipegREALTORS®. “Helping things along are the spring market where activity always heats up and there is added motivation this year with higher mortgage rates on the horizon, if not already creating a stir with small incremental rate increases.”
For residential-detached sales, the most active segment of the MLS® market in April was the $200,000 to $249,999 price range with 22% of total sales. Next most active were the price ranges immediately below and above this one as they represented 18 and 16% respectively. The $100,000 to $149,999 and the $300,000 to $349,999 price ranges each had 11% of total sales. Average days on market for residential-detached sales in April was 21 days or three weeks, 5 days faster than last month and 10 days ahead of April 2009.