WinnipegREALTORS® Press Release, June 7, 2013

WINNIPEG – With April starting a recovery from a poor first quarter, May did one better by setting an all time monthly MLS® dollar volume record of $412 million. It is only the second time dollar volume for monthly sales has exceeded $400 million. May MLS® sales finished strong too! They were 5% ahead of the 10-year average and fourth best for the month of May.

Most noteworthy however are condominium sales with a 23% increase over the same month last year and a 9% improvement in the first five months of 2013 over the same period in 2012. Helping drive this upward trend in condominium sales is more existing supply and new ones coming on the market. The inventory was up 31% going into May 2013 and it maintained a 27% gain at the end of the month compared to May 2012. Affordable listings were clearly evident with 40% of all condo sales happening in the $150,000 to $199,999 price range.

Overall MLS® inventory is healthy with...