WinnipegREALTORS® Press Release; Jume 5, 2012

WINNIPEG – Talk about making a statement for May 2012 when you have five sales over a million dollar each propel the monthly MLS® dollar volume level to over $400 million for the first time in WinnipegREALTORS® 109 year history.  Beyond the 5 mega sales, May saw over 1,600 sales in total – making it the second best May and month ever next to May 2007 with MLS® sales of 1,652. Dollar volume in May 2007 was less than $300 million.

A fabulous month indeed and it demonstrates buyers are as active as ever in taking advantage of exceptionally low mortgage rates and one of the most affordable major real estate markets in the country. Some months you are fortunate to get one million dollar plus sale so to have five in one month is atypical and indicative of strength in the luxury end ofWinnipeg’s real estate market. The most expensive of the group went for $1,200,000. It is a newer fully loaded 3200 sq. ft. home...