Judy Lindsay Team Realty

JUNE MLS(r) SALES AND DOLLAR VOLUME LEVEL OFF


Sales Down 2%; Dollar Volume Even


After a spectacular May when sales went over 1,600 for the second
time in WinnipegREALTORS(r) MLS(r) sales history, June sales and dollar
volume activity settled down in comparison. Even for previous Junes when
sales in the past five years have surpassed 1,500 June 2012 fell back under
the 1,500 mark. However a new June dollar volume record was still set eking
out a slight gain over last June.



Based on a ten-year running average for June sales, 2012 sales are still
very respectable with 3% more sales activity. The best June in 2008 of 1,564
sales is only better than 2012 by less than 5% so there is a lot to be said
for consistency in the month of June.



New listings coming onto the market in June showed a 4% improvement over
last June with close to 2,000 new listings. The overall inventory of 3,357
MLS(r) listings is up by a 1% margin over 2011 for this time of year.



June MLS(r) unit sales were down 2% (1,487/1,516) while dollar volume was up
less than 1% ($369.4 million/$367.9 million) in comparison to the same month
last year. Year-to-date MLS(r) unit sales are up 4% (6,921/6,660) while
dollar volume has risen 10% ($1.70 billion/$1.55 billion) in comparison to
the same period last year. The equivalent of three out of every four listing
new to the MLS(r) market in June sold and that statistic a strong conversion
rate.



For the first half of 2012, MLS(r) sales are off less than 1% from the
record pace set in 2007 while dollar volume is well ahead of the highest
previous total in 2011.



"At the midway point of the year we are outperforming our forecast by a few
percentage points but still need to bear in mind there are six months to go
and we are up against impressive third quarter monthly results in 2011,"
said Shirley Przybyl, president of WinnipegREALTORS(r). "In my view consumer
confidence is remaining firmly intact in our local market with Winnipeg
being a rock of stability despite global economic uncertainty."



For residential-detached sales in June, the most active price range was from
$250,000 to $299, 999 with 24% of total sales. The three most active price
ranges from $150,000 to $299,999 comprised 58% of total residential-detached
sales. The highest sale price in June was $1,050,000. In stark contrast the
lowest sale price was $29,000.



44% of all condominium sales in June fell within the $150,000 to $199,999
price range. Both the $100,000 to $149,999 and $200,000 to $249,999 price
ranges had 17% each of total condo sales. The average days on market for
condominium sales was 27 days, one day faster than last month and five days
slower than June 2011.