Chris Dudeck

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As you have seen the from the first three (January, February and March) monthly market reports from the WinnipegREALTORS® Association, the real estate market in the Winnipeg Metro Region started strong in 2020.

But as always, I emphasize that these monthly reports are general, overall monthly market statistics for the entire region and for a variety of property types.

Given what is occurring in the world right now with the COVID-19 pandemic and the economic slowdown, I felt it appropriate to supplement the monthly report with more details as to market conditions within a more specific geographic area and as it pertains to specific property types.

If we look at the city of Winnipeg only, the residential (single family homes, SxS’s, town homes, etc.) MLS® market numbers for the entire month of March look reasonably healthy . . . new listings up 1.4% over the previous year and sales down only 3.4%. Pretty remarkable given all that is going on in the world right now.

But if we...

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WINNIPEGREALTORS® PRESS RELEASE, APRIL 6, 2020

WINNIPEG - March finished off a strong first quarter of sales activity with 1,089 sales, an 8 % increase over March 2019. First quarter MLS® sales rose 12% over the same period in 2019.

MLS® stands for the Multiple Listing Service®. It is a cooperative real estate selling system operated and promoted by WinnipegREALTORS® that includes an up to date inventory of listings from participating REALTORS®.

MLS® new listings entered on the market in March fell 2% in comparison to March 2019 but remained up nearly 6% for the first three months. Active listings or available listings at end of March of 4,723 remain above previous years with a 12% jump over the same time last year and the same percentage rise over the 5-year average.

“Our first quarter has been consistently solid every month,” said Catherine Schellenberg, president of WinnipegREALTORS®. “Buyers have been taking advantage of affordable...

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