February 2010 saw some significant developments. The majority of homes sold in the higher price range of $200,000 to $249,999 and 44% of home sold over list price. This is up from last February when the highest range was 150,000 to $199,999 and only 22% of the homes sold for over list price.
The condominium sales activity went upward too in comparison to February 2009, it shifted to more activity in the price range from the $100,000 to $149,999 to $150,000 to $199,999.
February MLS® unit sales of 712 and a dollar volume of over $150 million would be considered one of Winnipeg’s better February’s due largely to the record dollar volume for the month of February.
As last month a tight inventory situation made for a 14 average of days on the market (DOM) in a number of Winnipeg neighbourhoods and the overall Winnipeg and surrounding rural municipalities’ average was 29 days.
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