WinnipegREALTORS® Press Release, March 8, 2013

WINNIPEG – Call it what you will, whether some rather harsh winter weather conditions or just softening in the local marketplace for this time of year, there was a real parallel in the drop off of new listings and sales at 12 and 11% respectively. The conversion of new or current listings to sales remained the same this February as in the past two years. So one way of interpreting what happened this year to precipitate less sales activity is there were less property owners willing to put their property on the market. At the same time, buyers at least for single family homes did not reach into the older existing inventory to any great extent to buy what was on the market. 

One area where home sales were down significantly were in the price ranges under $200,000 where the inventory was well off what existed last year at the beginning of February. They also as a property type experienced a drop in the percentage of listings being...