WinnipegREALTORS® Press Release, June 4, 2015

WINNIPEG - While still a large influx of new listings came onto the market in May, it was the first decrease over the same month the previous year in over two years. Just this year alone monthly increases have been significant (e.g. 33% spike in March over March 2014).

One month does not make a trend. However, due to less inventory going into June and higher sales activity occurring in the spring market, the Multiple Listing Service® inventory has a supply of four months.  Altus Group, a leading national housing consulting firm which tracks local markets every month, states five months inventory of resale product is considered to be a “normal” market.

“Overall our local market is balanced and offers plenty of choice for discerning buyers to find their preferred property,” said WinnipegREALTORS® president David MacKenzie.  “Sellers on the other hand need to be realistic in their pricing as there...