WinnipegREALTORS® Press Release; August 8, 2011

WINNIPEG - Spectacular weather in July which kept ice cream and beer vendors busy did not deter sellers and buyers from remaining engaged in the market after an exceptional June of over 1,500MLS® sales. While not as active given Winnipeggers’ penchant for taking advantage of a plethora of summer festivals and frequent trips to Manitoba’s diverse cottage country, sales of close to 1,250 were on par with the third best July on record in 2007.  July 2008 is by far the best July ever at over 1,400 sales with the 10-year average for July sitting at 1,200 sales. New listings were ahead of last July too with over 1,700 added in July 2011.

To no one’s surprise, given a strong sales performance for this month and higher average sale prices in each successive year, dollar volume once again set a new record for month of July. It still however fell short of the $300 million monthly mark that was...