WinnipegREALTORS® Press Release, November 5, 2014

WINNIPEG – WinnipegREALTORS® experienced its fourth busiest October on record. It had over 1,100 MLS® sales which is 5% higher than the ten-year average for October and only 7% off the best October months in 2007 and 2013. Dollar volume decreased slightly more than sales did in October as significant inventory is putting pressure on holding prices down. However, the second highest dollar volume for October was still enough to push year-to-date dollar volume over $3 billion for the first time with still two months to go.

MLS® listings remain an important development in how the market is evolving this year. New listings entered on the MLS® in October were up 7% while the active listings or current inventory heading into November has risen 21% over last year. The three month streak of 5,000 MLS® listings going into the next month came to an end though with more than 4,600 MLS® listings available at present....