WinnipegREALTORS® Press Release, November 7, 2019

WINNIPEG - October sales of 1,173 increased 6% over October 2018 and are the same percentage above the 5-year sales average for this month. October dollar volume of close to $342 million resulted in an increase of less than 4% over the same month in 2018.

Active listings or current inventory of 5,419 remain elevated over last year at this time. They are up 18%. New listings entered on the MLS® in October of 1,958 rose 6% over October 2018. This is a more modest increase in listings compared to double-digit increases every month in the third quarter.

“We are starting to see adjustments in new listings activity to be more in line with last year,” said Ken Clark, president of WinnipegREALTORS®. “The healthy supply of listings we are enjoying this year is contributing to strong sales as buyers take advantage of our wide selection of offerings.”

Rural single family sales are taking a larger market share...