WinnipegREALTORS® Press Release, February 5, 2014

WINNIPEG - Weather deterred more buyers than sellers when it came to single family home sales this January as they were down 10 % from January 2013. However the 565 MLS® sales transacted are better than the 10-year average of 550 and are right at home with most recent January performances other than 2013 when there were more than 600 sales.

MLS® new listings continue to show strength in 2014 with a 7% increase over 2013 and a higher percentage increase relative to previous years for January. Condominium sales activity was not affected by some harsh winter weather in January as saw an impressive 36% jump from January 2013. They clearly helped offset the sales decreases in other MLS® property types.

January MLS® unit sales were down 8% (565/614) while dollar volume decreased less than 1% ($146.0 million/$146.9 million) in comparison to the same month last year.

“Given some rather harsh weather and road conditions at...