WinnipegREALTORS® Press Release, March 5, 2015

WINNIPEG – There will be an excess of white noise from all media outlets across the country about real estate market activity in the first two months of the year.  We will be bombarded by new highs and lows from Toronto and Calgary and Vancouver … but the real story should address what’s happening in Winnipeg. If we want to know the weather, we don’t listen to the Toronto radio and TV feeds – we listen to our local experts. The same should be true about our real estate market.

February MLS® listing inventory, the number of properties available for sale in Winnipeg, rose 24%. So buyers had more properties to choose from than last February, which should indicate more balance in the marketplace.

Listings entered into the MLS® system were also up 18% over last February, with the addition of 1,535 properties.

The number of sales processed in the month was just 8 shy of last February, with 672 sales...