WinnipegREALTORS® Press Release, August 9, 2013

WINNIPEG – If July was a cup of coffee it would be brimming over the top. Dollar volume not only crashed through $300 million for the first time in July but eclipsed $350 million in sales transaction activity. Helping achieve this new benchmark for July were sales only 19 shy of the highest July sales ever. Back in July 2008 1,407 sales were recorded on WinnipegREALTORS®’ MLS®.

As a result of a sterling July MLS® performance, year-to-date dollar volume is now ahead of last year’s with both years being the first ones to reach and go over $2 billion in seven months’ time. Without listings you cannot have sales and July was exceptional in seeing more than 2,000 new listings come on the market. This level of listings is more typical of a spring month. Given how 2013 saw delayed spring market activity due to a prolonged winter we may well be in catch up mode in July.

July MLS® unit sales increased 13%...