August ushers in the third consecutive month of 1,800 plus sales
WinnipegREALTORS® August Real Estate Market Release
Recovery in sales since June has turned into a strong resurgence in MLS® market activity with August registering 1,845 sales, the third straight month of 1,800 plus sales. Sales in August are up 28% over August 2019 and the five-year average for this month.
Listings however have not rebounded with the same vigor.
The 2,374 new listings entered on the market in August are down 1% from last August and dropped 9% in July when compared to the same month in 2019.
As a result, it leaves the current inventory of 4,232 listings down 30% from the same time last year.
The number of sales in August represents 44% of the current inventory whereas last August it was 24%.