WinnipegREALTORS® Press Release; April 5, 2012

WINNIPEG - First quarterMLS® sales and dollar volume market activity are in line with the same period in 2011. This year’s result can only be viewed positively given last year’s first three month’s performance was the best first quarter WinnipegREALTORS® ever had since its inception in 1903. Sales are down 2% while dollar volume is up 3% in comparison to 2011.

March 2012 was also up against the best March in WinnipegREALTORS® history in 2011 so to be down only 4% in sales and dollar volume respectively is hardly something to fret about. If anything, it can be seen as a bit of a reprieve that will allow more inventory to help moderate the upward market pressure on prices.  In fact, going into April, there are 17% or more than 200 active residential-detached listings available for sale than was the case at the end of February.  Helping increase supply was the 5% increase in new listings coming on to...