WinnipegREALTORS® Press Release; May 7, 2012

WINNIPEG – In many respects, this April has to be considered the best April in WinnipegREALTORS® 109-year history as it was only 9 unit sales off the highest April MLS® unit sales recorded in 2008 but is way out in front in dollar volume from any previous April. A rebound was predicted from last April given Manitobans were contending with the flood situation and therefore the spring market did not get on track as it normally does at this time of year. 

Not surprisingly, along with significant sales and dollar volume increases, listings came roaring back too compared to the same month last year with a 17% year-over-year increase. So it is no coincidence sales were ahead by the same percentage as eager buyers took advantage of fresh inventory to choose from. Despite an improvement in listings supply, there is still less than 3 months of residential-detached housing available going forward to meet the demand if there were...