WinnipegREALTORS® Press Release, August 7, 2015

WINNIPEG - It is no easy feat to overtake a record July set in 2014. Nonetheless, July 2015 sales were still brisk. At nearly 1,400 sales, they are 6% higher than the 10-year sales average and third highest for this month ever. If not for condominium sales lagging behind in July as well as this year-to-date, July 2015 would have narrowed the gap in MLS® sales from last July and been even more impressive.

Residential-detached sales continue to perform well in comparison to 2014. They are only down 2% from last July and are up 3% year-to-date.  On the other hand, condominium sales are off 22% in July and 17% for the year.

“We are a little bit surprised by how condominium sales are not rebounding from a slow start this year,” said WinnipegREALTORS® president Dave MacKenzie. “One thing I know for sure is it has nothing to do with lack of supply. With 939 condo listings available at the end of July, it is over...