Buyers Scooped up MLS listings in SEPTEMBER 2014

Buyers Clearly are in the Driving Seat with the Significant Rise in Listing supply on MLS.

September MLS Sales up 5%

Winnipeg- Buyers took advantage of the over 5,000 MLS listings available at the beginning of September.
The 2,364 new listings entered on MLS during the month of September kept listings at a level not seen
since 1997.
Given such a competitive market with supply presently outstripping demand, there were price adjustments happening for a number of MLS listings.

MLS listings entered on MLS are up 12% to 18,1846.

Condominium sales have slowed down somewhat in the past two months but remain up 8% for the year.

Residential-detached properties are slightly ahead of last year and helping them keep a lead was a 10% increase in September sales over September 2013.

Residential-detached sales in September the most active price range was from $250,000 to $299,999
at 21% of toal sales.

Close on its heels was the next lower price range of $200,000 to $ 249,999 at 20%.

Even the $150,000 to $ 199,999 price range fared quite well in third place at 15%.

The average days on the market to sell a residential-detached property was 33 days, 2 days slower than last month and September 2013.

The most active condominium price range was from $150,000 to $199,999 at 35% of total sales.

A distant second was the $200,000 to $249,999 price range at 20% and then it falls back to 14% for the $250,000 to $299,999 price range.

The average days on market for condominium sales was 40 days, 1 day quicker than last month and 10 days off the pace set in September 2013.