MLS Statistics for Winnipeg, June 2009

July 8, 2009 - PRLog -- JUNE MLS® SALES SHOW STRONG RESULTS
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June Sales Fall Just Short of 1,500

WINNIPEG -  Home buyers responded in a big way to low interest rates and a good selection of affordable homes to make June 2009 the third best June on record for sales and the second highest for dollar volume. It is only eclipsed by the previous two record years where sales in June respectively were higher, but by less than 5 per cent. As for dollar volume, June 2009 is only the third time in WinnipegREALTORS® 106-year history where dollar volume for the month has exceeded $300 million. Only May 2008 and June 2008 are higher. Helping propel dollar volume to over $311 million this June were three million plus home sales.

While overall MLS® inventory remains up 22% at the end of June in comparison to the same time last year, conversions of listings to sales are improving as evident from a number of City of Winnipeg MLS® areas. The average days on market for the sale of residential-detached properties has decreased monthly with it only taking 25 days in June. Compare this statistic to over 40 days in January 2009 and not less than 30 days until last month where it was 27 days. It is also worth noting the REALTORS® Association of Edmonton which had its best June residential sales ever this year were pleased to announce their average days on market dropped to 49 days in June from 60 days or more earlier this year. This development in their words was an indication of ‘buyer enthusiasm’ so Winnipeg is doing extremely well at less than four weeks.

For a full and complete copy of this press release, including graphs and additional stats, go to  www.WinnipegHomeFinder.com/mls-winnipeg-market-stats.html

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