Sunday, June 27, 2010
The good news in May is Winnipeg listing inventory is in better shape going into June than it has been in a long time. There is a good influx of new listings in early June which will mean a healthier supply of homes in the summer months. With over 2,000 residential-detached listings, you have to go back to May 2001 to find a comparable supply. Contrast this total with 2007, the busiest May and year on record where there were only 1,153 residential-detached listings.
Sales in May 2010 slightly edged out May 2009 but were well off the torrid pace set in May 2007. May MLS® unit sales were up 2% while dollar volume rose 17% in comparison to the same month last year. Year-to-date MLS® sales are up 9% while dollar volume has risen 21% over the same period in 2009. The over 8,000 listings entered on the MLS® this year are up 8% from 2009 and the highest amount in 11 years.
We had the best of both worlds in May with house prices remaining firm yet more listings coming on the market to provide buyers with better selection to choose from,” said Claude Davis, president of the WinnipegREALTORS®.
For residential-detached sales, the most active price ranges were $200,000 - $249,999 and the $150,000 - $199,999. They represented 23% and 19%
respectively of total sales. A more distant third price range was the $250,000 - $299,999 at 14%. The average days on market for sales of residential-detached listings was 21 days, the same as last month and 6 days quicker than May of 2009.