The National resale housing market is starting to stabilize according to CREA for the second month in a row. However the number of inventory declined for the second month in a row which means supply and demand are rebalancing helping to keep prices steady. Winnipeg posted monthly increases in activity adjusted by seasonal changes followed by Calgary and Montreal.
Local and national markets differ so you should talk to your Realtor® to find out what the market is doing in your area.
So nationally things are starting to stabilize, how about our Winnipeg market? Things are starting to stabilize in our market as well.
According to MREA September selling prices revealed 19% of residential sales were between $150,000 and $199,999 and 23% were between $200,000 and $249,999. There were 1,142 sales in September 2010 slightly higher than September 2009 where there were 1,127 sales.
What does all this mean to you? Call Gerry and Tracey to find out more about your Winnipeg market.
Interested in Real Estate call or visit us at:
(204) 987-2100 or 1 888-880-2121