WINNIPEG – Balmy summer weather in September created summer-like real estate market activity which led to a third consecutive month of over 1200 MLS® housing unit sales. As a result, it makes September 2011 WinnipegREALTORS® best September in 108 years. September 2010 was the previous best September on record.
September MLS® housing unit sales increased 6% (1,214/1,142) while dollar volume rose 12% ($278.4 million/$248.0 million) in comparison to the same month a year ago. Year-to-date MLS® sales are up 6% (10,410/ 9,805) while dollar volume has increased 11% ($2.42 billion/$2.18 billion) in comparison to the same period last year. Two out of every three of the 15,300 house and condo listings entered on the MLS® market this year have sold.
For residential-detached home sales in September, the most active price range by far was the $200,000 to $249,999 with 26% of total sales. The housing market under $100,000 continues to erode with only 4% of the housing market and the longest days to sell of 41 days. The average days on market to sell a residential-detached property was 26 days, 2 days quicker than last month and 3 days faster than September 2010.
Condominium sales were dominant in the $150,000 to $199,999 price range with 39% of total sales. Only 2% of sales were under $100,000. Average days on market in September was 35 days, 5 days slower than last month and 2 days off the pace set in September 2010.
Call Harry Logan at 667-7653 if you have any questions about the Winnipeg real estate market or if you'd like a no cost or obligation market evaluation of your house.