The real estate market continues to be strong in October!
As more new listings come on to the multiple listing services it is providing buyers with choice.
Compared to last year at this time we see 22% increases in the number of listing. Great news for the buyers in today's market!
As well last month’s stats show that the number of multiple offers has decreased from Sept 2012. In September 2012 we were seeing 34 percent of the time a property going over list price. September 2013 26 percent of the time properties went over list price. These numbers again reinforce that the buyers are feeling some relief.
In 1988 the numbers of sales taken place in the Winnipeg Market (reported on the MLS system) was 10,638. Over the last 25 years the market has increased gradually at a rate of 23% over a span of 25 years. This again reinforces the gradual increase in the Winnipeg Market.