In the report, he segment the real estate market along lines of houses and condos, and then break down the house sales along lines of "$250,000 and less", and "above $250,000".
By examining how many homes have sold in the past month, and checking that figure against how many area available, we can see the direction of the market... is it becoming more of a Buyers Market, or remaining a strong Sellers Market?
Winnipeg REALTORS® as an organization, also produces monthly sales stats. However, their report includes the entire market area for Winnipeg REALTORS® which includes the entire south-east quadrant of the Province. In contrast, Bo's Monthly Market Update focuses only on Winnipeg (including E.St Paul, W.St. Paul and Headingley)
On average, Winnipeg has approx. 6 weeks of inventory available. Compare that to SE Calgary, which currently has approx. 19 months of inventory. To say Winnipeg's market is hot, is like saying "Wayne Gretzky was a pretty good hockey player"...
Please enjoy the video. http://www.youtube.com/
# # #
Award winning Real Estate Agent in Winnipeg. Works with home buyers in the search of their dream home, and excels as a "Listing Agent", with marketing plans which are second-to-none. Homes are featured in magazines, newspapers, internet and Television.