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The Latest Real Estate eNews Blog Post
WinnipegREALTORS® Press Release – March 7, 2012
February MLS® Sales Match Last Year`s Total
Dollar Volume Sets Feruaty Record with a 12% Increase
WINNIPEG - If this was a Winnipeg Jets hockey game we would be going into overtime as February MLS® sales were identical to last year's. We will have to wait until February 2013 to break the tie. On the other hand, dollar volume was a different story altogether with the clear edge going to February 2012 with dollar volume up 12% at $191 million. As a result, the average residential-detached sales price was notably higher at $266,000 in comparison to $240,000 in February 2011. Condominium average sales price also vaulted past February 2011 with a jump from $198,000 to close to $211,000 in February 2012. Another virtual tie came in new MLS® listings with 1,315 entered in February 2012 compared to 1,313 in February 2011.
Even the total sales price to total list price ratio which is an indicator of strong buyer demand when the ratio climbs over 100% were nearly the same between the two February’s with ratios over 101%. As for other February’s, only February 2007 had 16 more sales than 2011 and 2012.
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