The figure shows a 4 per cent rise compared to May 2016 with total dollar volume up 8 per cent to $499.4 million.
“The difference this year, as a result of tougher qualifying criteria for insured mortgages, is fewer residential-detached sales under $300,000,” said said Blair Sonnichsen, president of Winnipeg Realtors. “Offsetting them to some extent are gains in lower priced condominium sales.”
Condo sales gained 13 per cent year-over-year with single-family homes up 25 per cent and town houses up 18 per cent.
More market update:
There were 1,696 home sales recorded through the MLS of Winnipeg Realtors in May, setting a new record high.