2011 Winnipeg real estate market exceeding expectations
In what has clearly become a surprisingly consistent and impressive string of solid month sales, and October is no exception with the second best sales on record for this month, 2011 has now supplanted 2008 for second place and with two months to go, is less than two per cent off the strongest sales performance ever in 2007. Year-to date dollar volume is already the highest achieved in WinnipegREALTORSÂ 108-year history with $2.67 billion dollars` worth of MLSÂ sales.
October 2011 helped get the fourth quarter off to a great start with everything up in double-digit percentages. New listings rose 11 per cent, sales were ahead by 13 per cent and dollar volume reached 20 per cent. Only 2007, the year that 2011 is nipping at its heels, had better sales in October.
October MLSÂ unit sales increased 13 per cent (1,076/949) while dollar volume was up 20 per cent ($256.9 million/ $214.2 million) in comparison to the same month last year. Year-to-date MLSÂ sales are up 7 per cent (11,486/10,754) while dollar volume has increased 12 per cent ($2.67 billion/$2.39 billion in comparison to the same period last year. Nearly 70 per cent of all MLSÂ listings entered on the market this year have sold thus far.
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