Here are the latest sales stats for homes and condos located in areas 1A to 9A, which is basically inside Winnipeg, but includes East St Paul and Headingley North and South:..
Homes: As of October 22nd, 2008, in the city of Winnipeg, we currently have 1399 homes listed on M.L.S.
Over the past 30 days, 584 homes have sold in that same area.
This means that we have sufficient inventory for 71.8 days worth of sales.
Compare this to the past spring and summer, when our inventory was sufficient for approximately 16 days of sales.
Condominiums: Currently we also have 250 condos for sale.
Over the past 30 days, 69 condos have sold.
This means we have sufficient inventory for approximately 108 days worth of sales.
Compared to the spring and summer, when we had 38 days worth of inventory.
Bottom Line: Now is an excellent time to buy, either a home or a condo.
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