Winnipeg seeing increase in real estate listings, decrease in sales

Though the Winnipeg area saw an increase in real estate listings in November, it also saw a decline in sales compared to the year before.

Though the Winnipeg area saw an increase in real estate listings in November, it also saw a decline in sales compared to the year before.

This is according to new numbers from the Winnipeg Regional Real Estate Board, which found that this is the 17th consecutive month that active MLS listings in the city saw percentage gains over the previous year.

According to the board, active listings are up nine per cent from last November and are seven per cent above the five-year average.

As for sales, they are down slightly but remain close to last November. The Winnipeg Regional Real Estate Board is reporting that sales of all property types are down two per cent from the same time last year, and 16 per cent below the five-year average.

The total dollar volume of sales last month decreased by four per cent compared to last November and was 13 per cent below the five-year average.