Manitoba sees record number of home sales in June - CTV - Truths

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Article material Regardless of a financial decrease triggered by the COVID-19 pandemic not every sector of the economy felt the pinch. Home sales in Manitoba were humming along to the tune of more than $5. 1 billion in sales in 2020, a record for the Manitoba Realty Association. "In my three decades dealing with home purchasers and sellers I have never experienced a year rather like 2020," stated MREA 2021 President Stewart Elston in a news release.

For the first time property sales eclipsed 16,000 in a single year with 16,789. The dollar figure of $5. 1 billion broke the previous yearly record by 19. 3% it was $4. 27 billion embeded in 2019. Article content Explained as a slow month, December sales grew by 49% over the five-year average, with 971 residential or commercial properties sold.

" Levels of inventory on the marketplace will likewise be a crucial aspect affecting house sales and cost trends." New listings in 2020 (24,335) dropped 8. 0% compared to 2019, while the typical list price increased 4. 4% from $291,255 to $304,117. "Raised need and less houses on the market, combined with low-interest rates which raises a purchaser's purchasing power, produced a competitive housing market with upward pressure on costs," stated Elston.

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As one of Manitoba's fastest growing communities, The Rural Town is a great place to live, invest and raise a household. Located nearby to the City of Winnipeg, The RM of Headingley has many homes available for sale along with new neighborhoods to build the home of your dreams. Learn More Here for the latest Multiple Listing Service (MLS) realestate listing in our location.