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Impressive October MLS® sales establish new record
Nov 10, 2006

MLS® results were the best ever for the month of October in the Winnipeg Real Estate Board’s 103-year history.  

For the first time, sales eclipsed the 1,000 mark and dollar volume reached its highest level ever, closing the month near $160 million. The impressive MLS® sales put year-to-date dollar volume ahead of last year’s total for the same period.

“It is not too often we have a month later in the year that edges out the previous month in both sales and dollar volume as it did in October,” said Walter Boni, president of the Winnipeg Real Estate Board.  

“This reinforces what I and other WREB presidents before me have said in the past few years — real estate is more of a year-round market and less cyclical than it used to be.”

October MLS® unit sales of 1,040 were up five per cent compared to the same month last year.

Dollar volume shot up 14 per cent  to $157.3 million. 

Year-to-date MLS® sales are up two per cent to 10,886 units, while dollar volume rose 15 per cent to $1.645 billion.

Dominating residential-detached sales activity in October were the three price ranges between $100,000 and $199,999. Together they represent 53 per cent of the total sales activity.  

At 24 and 23 per cent, respectively, the over $200,000 price ranges made up a greater percentage of sales than the price ranges under $100,000.  

The percentage of homes that sold in  October at or above list price was 39 per cent, which is a drop from previous months.  

The average days on market for residential-detached sales in October was 28 days, one day less than last month and two days off the pace in October 2005.