WinnipegREALTORS® Press Release, December 13, 2013

WINNIPEG - The first time the Winnipeg Multiple Listing Service® did $1 billion in sales activity was 2002. Then the MLS® did $2 billion in sales in 2007. Sales broke $3 billion in 2011. In 2013 the WinnipegREALTORS® co-operative marketing system has reached $3.2 billion at the end of November!

WinnipegREALTORS® president Richard Dettman reports the dollar volume strength has benefited from 24 sales valued over $1 million so far this year - 20 residential-detached homes and four condominiums.

Although real estate values continue to increase, the market appears to be establishing some degree of balance; a shift from the sellers’ markets of the past dozen years.

“With 3,454 properties available, it’s the best November for active inventory in the last 10 years,” said Dettman. “In November alone, there were 1,247 new listings, which is also the most entered for the month in 10 years. This gives...