Sales of single detached homes in the City of Brandon recorded through the MLS® System of the Brandon Real Estate Board were down on a year-over-year basis in May 2014.
Single detached home sales in the City of Brandon numbered 79 units in May, a decline of 11 per cent from May 2013. That said, the past decade has seen a number of years in which May sales numbered in the 80 unit range.
On a year-to-date basis single detached home sales were still running four per cent above levels in the same period last year.
The median sale price for single detached homes was a record $279,000 in May 2014. This was a five per cent decrease from May 2013.
Single detached properties spent about the same time on market before selling in May 2014 as they had a year earlier. The median number of days on market for single detached home sales rose by just one day to 27 in May 2014.
The dollar value of all single detached home sales in May 2014 totalled $23.3 million, down six per cent from a year earlier.
For more information on market statistics, available homes or on real estate in general, visit our web site at or call (204) 727-4672. The Brandon Real Estate Board is a non-profit organization representing more than 190 REALTORS® within the City of Brandon and rural areas.