August 2010 MLS® Real Estate Market Report for Winnipeg, Manitoba Active Listings Up 4%; Sales Down 12%
By Harry Logan, Your Satisfaction is Guaranteed!
(RE/MAX executives realty)
WINNIPEG - Despite a drop in sales activity this summer in comparison to July and August last year, year-to-date sales are slightly above 2009 while dollar volume is up nearly 11% and closing in on $2 billion. August 2010 is clearly showing a softer first-time buyer market where residential-detached sales under $200,000 are down 33%. Even sales from $200,000 to $250,000 are off 16%. With the exception of the $300,000 to $350,000 price range where there were 6% more residential-detached units sold in August 2009 than August 2010, sales in the upper price range brackets are either equal or better than 2009 (e.g. twice as many sales over $500,000 in 2010 including two sales above $1,000,000). On the positive side, a moderating market which is allowing listings to catch up to demand is a go...
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