SALES of existing homes in Winnipeg dropped 14 per cent in September, but industry officials say it’s too soon to say if three straight months of weakening sales is the start of a market correction or a temporary aberration.
The Winnipeg Realtors Association said Friday that Multiple Listing Service (MLS) sales fell to 1,040 units last month from 1,214 in the same month in 2011.
That’s a significantly bigger decline than in July and August, when sales were off by two per cent and four per cent, respectively. It was also the first double-digit drop since April last year, when Winnipeggers were preoccupied with one of the worst spring floods in the province’s history.
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