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Market Release August 2024

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – August saw All MLS® sales of 1,483 up 7% over last year, active MLS® listings of 4,015 down 5% and total MLS® dollar volume of $549 million up 9%. Residential detached MLS® sales of 1,030 were up 2% while the average price of $415,717 was up 4% when compared to last August. Condominium MLS® sales of 210 were up 8% and the average price of $270,575 down 3% over last August.

"For the seventh time in eight months of 2024, MLS® sales across the three main property types of residential detached, condominiums, and residential attached homes increased over last year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “On a year-to-date basis, MLS® sales for the main three property types are also up over last year. Condominium MLS® sales were the lone property type to rise above the 5-year average both in August and on a year-to-date basis, signaling steady demand in the condominium market."

Year-to-date All MLS® sales of 10,250 were up 11%, total MLS® listings of 16,785 were up 3% while dollar volume of $3.9B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 7,046 were up 9% and the average price of $424,164 was up 6% when compared to last August. Condominium MLS® sales of 1,542 were up 11% and the average price of $277,155 was up 7% over last August. Year-to-date residential attached MLS® sales of 716 were up 17% and the average price of $363,940 was up 9% over last year.

“Using a REALTOR® will ensure you have an expert in real estate transactions on your side, but the expertise of a REALTOR® doesn't stop there," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "REALTORS® are also experts on real estate financing trends, government legislation, marketing, negotiations and have a network of experts and industry professionals at their disposal. This helps ensure that all your needs are met when looking at one of the largest financial decisions of your lifetime."

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – The real estate market results for August 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales and dollar volume but a decrease in active listings over last year. Residential detached and residential attached homes saw an increase in average prices over last year while average prices for condominiums decreased. 

  • Weston was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Waverley West recording the next most MLS® sales.

  • The Steinbach area had the most residential detached homes sold outside Winnipeg in August followed by the Gimli area.

  • The $400,000-$424,999 price range was the most active with 89 MLS® sales representing 9% of all residential detached MLS® sales. The second most active price range was $550,000-$599,999 which saw 83 MLS® sales, representing 8% of all residential detached MLS® sales.

  • There were 12 residential detached homes sold for over $1 million in August, with the highest price at over $1.6 million. August 2023 had 14 residential detached homes sold for over $1 million, with the highest priced at just over $3.4 million. 

  • Osborne Village was the neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Richmond West.

  • The most active price range for condominiums was the $150,000-$174,999 range with 27 sales in August which represents 13% of all condominium MLS® sales. The $175,000-$199,999 range and the $225,000-$249,999 range were the second most active price ranges with 25 sales in August, representing 12% of all condominium MLS® sales.

 Source: Winnipeg Regional Real Estate Board.

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Market Release July 2024

July real estate market shows increases to MLS® sales and average prices over last year – Mid-Summer Lake Country real estate market update included

Winnipeg, August 9, 2024 – For the month of July, All MLS® sales reported by the Winnipeg Regional Real Estate Board of 1,488 were up 10% from last year, active MLS® listings of 4,173 down 3% and total MLS® dollar volume of $581 million up 16%. Residential detached MLS® sales of 1,042 were up 8% while the average price of $433,257 was up 7% when compared to last July. Condominium MLS® sales of 215 were up 8% and the average price of $284,151 up 12% over last July. 

​​"The MLS® sales results for July continued the trend of year-over-year increases seen in all but one month in 2024," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “In every month of 2024, average prices for residential detached, condominiums, and residential attached homes have increased over last year. Winnipeg Regional Real Estate Board actively monitors the number of property showings, which helps us gauge potential real estate buyer interest. In July, we observed a 4.3% increase in property showings compared to the previous year, indicating a growing interest."

Year-to-date All MLS® sales of 8,770 were up 12%, total MLS® listings of 14,737 were up 4% while dollar volume of $3.4B was up 19% over 2023. Year-to-date residential detached MLS® sales of of 6,018 were up 11% and the average price of $425,594 was up 6% when compared to last July. Condominium MLS® sales of 1,332 were up 12% and the average price of $278,193 was up 9% over last July. Year-to-date residential attached MLS® sales of 623 were up 16% and the average price of $364,453 was up 9% over last year.

“Spending time in Lake Country during the summer makes the dream of owning a cottage here incredibly enticing," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "Our market region offers residents easy access to stunning lakes and forests just a short drive from home. Now is the perfect opportunity to connect with a REALTOR® and discover the numerous beautiful lakes surrounding Winnipeg."

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – East Side, Lake Winnipeg – West Side and Winnipeg River. A description of the areas are as follows:

  • Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

  • Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

  • Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

  • Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

  • Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookefield South (R18) and Poplar Bay (R28).

First-half 2024 MLS® sales were up over last year in Lake Manitoba and both the East and West sides of Lake Winnipeg but down in Lac du Bonnet and Winnipeg River. Only Lake Winnipeg – West Side saw increases over the 5-year average.

First-half 2024 MLS® listings were also up over last year on both the East and West sides of Lake Winnipeg but down in Lac du Bonnet, Lake Manitoba – East Side and Winnipeg River. MLS® listings were up over the 5-year average on both the East and West sides of Lake Winnipeg and Lake Manitoba – East Side while they were down in Lac du Bonnet and Winnipeg River.

Average prices increased in the first half everywhere but Lake Manitoba – East Side when compared to the first half of last year and the 5-year average.

“It is often said that all markets are local, and this can be seen very clearly in the specific real estate markets that make up the Lake Country areas," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “While average prices were up in most areas, the number of listings and MLS® sales varied depending on the areas of focus. These differences in local real estate markets are yet another great example of why the experience, data, and expertise of a licensed REALTOR® are a great asset for you whether you're looking to buy or sell in Lake Country!"

July real estate market shows increases to MLS® sales and average prices over last year

Winnipeg, August 9, 2024 – The real estate market results for July 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices but a decrease in active listings over last year. All MLS® sales, residential detached and condominium MLS® sales and active MLS® listings for condominiums fell below the 5-year average. ​

  • For the fifth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for July, River Park South recorded the next most MLS® sales.

  • The Morden/Winkler area had the most residential detached homes sold outside Winnipeg in July followed by the Steinbach area.

  • The $400,000-$424,999 price range was the most active with 80 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range was $375,000-$399,999 which saw 77 MLS® sales, representing 7% of all residential detached MLS® sales.

  • There were 19 residential detached homes sold for over $1 million in July, with the highest price at almost $4.3 million. July 2023 had 10 residential detached homes sold for over $1 million, with the highest priced at just over $4.6 million. 

  • Osborne Village and Waverley West were the neighbourhoods in Winnipeg which saw the most MLS® condominium sales followed by St. Boniface.

  • The most active price range for condominiums was the $175,000-$199,999 range with 32 sales in July which represents 15% of all condominium MLS® sales. The $200,000-$224,999 range was the second most active price range with 27 sales in June, representing 13% of all condominium MLS® sales.

  • July saw 2024's third condominium sell for over $1 million with an MLS® sale of just over $1.4 million.

Source: Winnipeg Regional Real Estate Board.

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Market Release June 2024

First-half real estate market performance for 2024 up over last year​

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 across the Winnipeg Regional Real Estate Board's market region saw All MLS® sales of 7,288 up 13% over 2023. MLS® listings of 12,399 were up 4% while dollar volume of $2.8B was up 20% over 2023. First-half 2024 residential detached MLS® sales of 4,979 were up 11% and the average price of $424,193 was up 6% when compared to last June. First-half 2024 condominium MLS® sales of 1,119 were up 13% and the average price of $277,252 was up 9% over last June while residential attached MLS® sales of 522 were up 15% and the average price of $365,719 up 9% over last year.

“The first-half MLS® sales and dollar volume results for 2024 represent the 3rd best market performance on record with the 2nd best in 2022 and the best in 2021," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Average prices continued to increase for residential detached, condominiums, and residential attached homes in June and for the first half when compared to last year and the 5-year averages."

All MLS® sales for June 2024 were down 1% from last year to 1,585, active MLS® listings of 4,119 were up 1% and total MLS® dollar volume of $624 million was up 5%. Residential detached MLS® sales of 1,128 were statistically even while the average price of $437,367 was up 5% when compared to last June. Condominium MLS® sales of 209 were down 16% and the average price of $273,303 was up 6% over last June. ​

“When the time comes to sell your home, REALTORS® know how to market your home so that potential buyers have the opportunity to view your property," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In addition to their access to the Multiple Listing Service® (MLS®), REALTORS® have a broad network of contacts to engage as many people as possible so that you benefit from the best outcome possible."

First-half real estate market performance for 2024 up over last year

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 saw increases to All MLS® sales, listings and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, listings, dollar volume and average prices over last year. Decreases seen against the 5-year averages came for All MLS®, residential detached and residential attached home sales, and the number of listings for residential detached and condominiums.​

  • For the fourth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for June, Sargent Park and St. James recorded the next most MLS® sales.

  • The Steinbach area had the most residential detached homes sold outside Winnipeg in June followed by the Morden/Winkler area.

  • The $600,000-$699,999 price range was the most active with 93 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range being $375,000-$399,999 which saw 83 MLS® sales, representing 7% of all residential detached MLS® sales.

  • There were 22 residential detached homes sold for over $1 million in June, with the highest price at $1.8 million. June 2023 had 12 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million. 

  • For the second consecutive month, Osborne Village was with neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Linden Woods.

  • The most active price range for condominiums was the $175,000-$199,999 range with 40 sales in June which represents 16% of all condominium MLS® sales. The $125,000-$149,999 range was the second most active price range with 26 sales in June, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

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Market Release May 2024

May Real Estate Market Results Show Strong MLS® Sales and Average Prices 

Winnipeg, June 11, 2024 – All MLS® sales reported by the Winnipeg Regional Real Estate Board for May 2024 were 1,726, an increase of 22% from April and 14% over last May. When comparing to May of 2023, active MLS® listings of 4,100 were up 1% and total MLS® dollar volume of $663 million up 18%. Residential detached MLS® sales of 1,189 were up 12% while the average price of $425,380 up 4% when compared to last May. Condominium MLS® sales of 279 were up 25% and the average price of $277,308 up 4% over last May. Residential attached MLS® sales of 123 were up 10% and the average price of $365,346 up 10% over last year.​

​“The upward trend seen last month has continued with the second best May on record in terms of MLS® sales and a 2nd consecutive month when MLS® sales have outpaced the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “This is noteworthy because the best May on record in 2021 and the third best May on record in 2022 are included in the results of the last five years, and this underscores the strength of this May's real estate market performance. For the sixth consecutive month, residential detached, condominiums, and residential attached homes all saw increases in average prices over last year and the 5-year averages."

Year-to-date residential detached MLS® sales were up 15% to 3,854 when compared to the 3,340 seen through May 2023. Year-to-date residential detached MLS® average prices were up 6% to $420,457 from the $395,068 seen last year. Year-to-date residential detached dollar volume was up 23% to $1.6 billion compared to the $1.3 billion realized in May of 2023.

“In the midst of a fast-moving real estate market during our market regions' busiest season, REALTORS® have the tools to offer peace of mind to buyers and sellers looking to make sense of current market conditions," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “One of the many benefits of using a REALTOR® is gaining access to their ability to analyze real estate market data, trends, and analytics. When combining the results of these factors, REALTORS® can offer prospective buyers and sellers expert advice on what they can expect for pricing on their next real estate transaction."

May Real Estate Market Results Show Strong MLS® Sales and Average Prices

Winnipeg, June 11, 2024 – May saw increases to All MLS® sales, and dollar volume when compared to last year and the 5-year averages. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices over last year and the 5-year averages. Active listings for residential detached, condominium, and residential attached homes were at or below last year and with only condominiums falling below the 5-year average. ​

  • For the third consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold and for the second consecutive month, it was followed by Crestview.

  • The Morden/Winkler area narrowly beat out the Steinbach area for the most residential detached homes sold outside Winnipeg in May followed by the Gimli area.

  • Activity in the price range categories were more evenly distributed in May, with the $325,000-$349,999 price range as the most active with 88 MLS® sales representing 7.4% of all MLS® sales. The second most active price ranges were the $350,000-$374,999 and $425,000-$449,999 price ranges with each seeing 87 MLS® sales, representing 7.3% of all residential detached MLS® sales, respectively.

  • There were 18 residential detached homes sold for over $1 million in May, with the highest priced at over $3.5 million. May 2023 had 9 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million.

  • Osborne Village was the n​eighbourhood in Winnipeg which saw the most MLS® condominium sales in May followed by Linden Woods.

  • The most active price range for condominiums was the $200,000-$224,999 range with 27 sales in May which represents 12% of all MLS® condominium sales. The $150,000-$174,999 range was the second most active price range with 25 sales in May, representing 11% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

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Market Release April 2024

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – For April 2024, all MLS® sales reported by the Winnipeg Regional Real Estate Board were 1,419, an increase of 27% from March and 29% over last April. When comparing to April of 2023, all MLS® active listings of 3,827 were up 7% and total MLS® dollar volume of $561 million up 41%. The trend continued with residential detached MLS® sales of 985, up 30% while the average residential detached MLS® price of $436,535 was up 7% when compared to April 2023.​

“For the first time since June of 2022 and after a 21 consecutive month trend, all MLS® sales in the Winnipeg Regional Real Estate Board's market region rose above the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “From an MLS® sales perspective, this represents the 3rd best April on record and narrowly misses the 2nd best April in 2022, by 35 sales. Aside from a decrease in active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices."

Year-to-date residential detached MLS® sales were up 17% to 2,668 when compared to the 2,276 seen through April 2023. Year-to-date residential detached MLS® average prices were up 8% to $418,284 from the $388,967 seen last year. Year-to-date residential detached sales dollar volume was up 26% to $1.1 billion compared to the $885 million seen through April of 2023.

“With data this month that shows real estate market activity increasing, those looking to buy or sell can benefit from the sound advice and expertise of an experienced REALTOR®," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® bring strategic advice and market intelligence to help offer peace of mind during one of the largest financial decisions in one's lifetime."

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – April saw increases to all MLS® active listings, current listings, MLS® sales, and dollar volume when compared to last year and the 5-year averages. With the exception of active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices.

  • Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in April followed by Crestview.

  • The Steinbach and Morden/Winkler areas were tied for the most residential detached homes sold outside Winnipeg in April followed by the Niverville/Ritchot area.

  • The most active residential detached price range was the $600,000-$699,999 range with 84 MLS® sales in April representing 9% of all residential detached MLS® sales.

  • There were 18 residential detached homes sold for over $1 million in April, with the highest priced at just over $2 million. April 2023 had 5 residential detached homes sold for over $1 million. 

  • River Park South was with neighbourhood in Winnipeg which saw the most MLS® condominium sales in April followed by Waverley West and St. Vital.

  • The most active price range for condominiums was the $175,000-199,999 range with 22 sales in April which represents 13% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

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March 2024 Real Estate Market Recap

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

Winnipeg, April 9, 2024 – For March, the Winnipeg Regional Real Estate Board reported All MLS® sales of 1,120, an increase of 11% from last year. When compared to March of 2023, All MLS® active listings of 3,385 were up 1%, and total MLS® dollar volume of $420 million was up 21%. Residential detached MLS® sales of 745 were up 7% while the average residential detached MLS® price of $418,478 was up 8% when compared to March 2023.​

“The end of March marked the end of the first quarter of 2024 and there were positive real estate market trends seen with MLS® sales, average prices and dollar volume," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “The real estate market performance saw increases to MLS® sales and dollar volume each month from January to March with March and the 1st quarter totals also up when compared to the same periods last year. When looking at average prices for residential detached, condominium and residential attached homes in March and in the 1st quarter of 2024, all were up over last year. "

First quarter, year-to-date residential detached MLS® sales were up 11% to 1,682 when compared to the 1,517 seen through March 2023. Year-to-date residential detached MLS® average prices were up 8% to $407,524 from the $378,877 seen last year. Year-to-date residential detached sales dollar volume was up 19% to $685 million compared to the $575 million seen through March of 2023.

“As the weather begins to warm, the spring market season is around the corner and many in our market region will be looking to enter the real estate market," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you're curious about real estate market trends, pricing, home renovations, or popular neighbourhoods, a REALTOR® will have expert advice to share along with a network of professionals who can help.

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

WINNIPEG, April 9, 2023 – March and the first quarter totals saw increases to MLS® sales and dollar volume when compared to the same periods last year. Average prices for residential detached, condominium and residential attached homes saw a similar real estate market performance with increases over last year for March and through the 1st quarter. ​

  • Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in March followed by Island Lakes/Royalwood.
  • The Steinbach area saw the most residential detached homes sold outside Winnipeg in March followed by the Morden/Winkler area.
  • The most active residential detached price range was the $550,000-$599,999 range with 64 MLS® sales in March representing 9% of all residential detached MLS® sales.
  • There were four residential detached homes sold for over $1 million in March, with the highest priced at $1.25 million.

  • Osborne Village was with neighbourhood in Winnipeg which saw the most MLS® condominium sales in March followed by Waverley West and St. Vital.
  • The most active price range for condominiums was the $150,000-$174,999 range with 28 sales in March which represents 15% of all MLS® condominium sales.
  • A condominium in St. Charles was the first in 2024 which sold for over $1 million.

Source: Winnipeg Regional Real Estate Board.

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Market Release February 2024

February marks third consecutive month with year over year increases to total MLS® sales, listings, dollar volume and average prices

WINNIPEG, March 7, 2024 – February 2024 saw total MLS® sales, listings, dollar volume and average prices increase over 2023. With the exception of residential attached active listings, a similar trend was seen across the main three property types of residential detached, condominium and residential attached homes. 

“For the third consecutive month, total MLS® sales, listings, dollar volume and average prices increased over the previous year, marking a positive trend in our market region," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “When compared to last year, February 2024 saw residential detached MLS® sales rise 15%, condominium MLS® sales rise 21% and residential attached MLS® sales rise 62%. Average prices for these property types also rose over last year and the 5-year average."  

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 22% over last February, and 11% below the 5-year average. Active MLS® listings for all MLS® property types are up 8% from last February and 10% above the 5-year average. The total dollar volume of MLS® sales in February was over $276 million which is 26% above last February and 7% below the 5-year average.

Of the 494 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in February, 337 were in Winnipeg while the remaining 157 occurred outside Winnipeg. For the second consecutive month, East Transcona led the way with the most residential detached homes sold in February, however, this month West Kildonan was the area with the second highest. The Morden/Winkler area saw the most residential detached homes sold outside Winnipeg followed by the Steinbach area.

Of the 1,449 residential detached active MLS® listings, 646 were in Winnipeg while 803 were outside Winnipeg. The average price for a residential detached home rose 1% from January, 7% over last February, and is up 7% over the 5-year average. The most active residential detached price range in February was the $250,000-$274,999 range, representing 8% of all residential detached MLS® sales. The $375,000-$399,999 price range was a close second with just shy of 8% of all residential detached MLS® sales.

There were 7 residential detached homes sold at $1 million or more in February 2024 whereas there were 4 sold in February 2023.

Of the 134 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in February, 118 were within Winnipeg and the remaining 16 occurred outside Winnipeg. For the fourth consecutive month, Winnipeg's Osborne Village area saw the most MLS® condominium sales in February followed by Downtown for the third consecutive month.

Of the 433 active MLS® condominium listings, 312 were in Winnipeg and 121 were outside Winnipeg. The average price for a condominium in February was down 3% from January, 7% above last February, and 7% above the 5-year average. The most active price range for condominiums was the $225,000-$249,999 price range representing 17% of all MLS® condominium sales, with the $175,000-$199,999 price range coming in second with 13% of all MLS® condominium sales.

Of the 76 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in February, 54 were in Winnipeg and the remaining 22 occurred outside Winnipeg. Of the 227 active MLS® listings for residential attached homes, 130 were in Winnipeg and 97 were outside Winnipeg. The average price for a residential attached home decreased 9% from January, increased 5% from last February, and is up 10% above the 5-year average.

“A common theme from the speakers at our annual Market Insights event last month was that this year is likely to see an increase in market activity in our market region," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In a steady market region like ours, which continues to be one of the most affordable in Canada, this is welcome news for those looking to enter the real estate market. It is often said that all markets are local, and as always, prospective buyers and sellers can count on the services of a licensed, experienced, professional REALTOR® to give them an edge when navigating the unique dynamics of our market region."

Source: Winnipeg Regional Real Estate Board

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January 2024 Market Release

2024 begins with strong gains across MLS® residential property types

 WINNIPEG, February 8, 2024 – January 2024 started with increases to MLS® sales, listings, dollar volume and average prices across all of the main three residential property types of residential detached, condominium and residential attached homes when compared to last January.

“It was interesting to see 2023 close out with increases across many statistical categories but even more compelling to see a start to 2024 that builds on that statistical trend," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “On a percentage basis, January 2024 saw double digit increases to MLS® sales for residential detached homes, condominiums and residential attached homes compared to January 2023. Average prices and dollar volumes for these property types were also up considerably, marking an intriguing start to 2024."​

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 14% over last January, and 8% below the 5-year average. Active MLS® listings for all MLS® property types are up 7% from last January and 8% above the 5-year average. The total dollar volume of MLS® sales in January was over $236 million which is 26% above last January and 2% above the 5-year average. 

Of the 443 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in January, 287 were in Winnipeg while the remaining 156 occurred outside Winnipeg. East Transcona led the way with the most residential detached homes sold in January followed closely by Waverley West. The Steinbach area saw the most residential detached homes sold outside Winnipeg followed by the Morden/Winkler area.

Of the 1,315 residential detached active MLS® listings, 585 were in Winnipeg while 730 were outside Winnipeg. The average price for a residential detached home rose 8% over last January and is up 8% over the 5-year average. The most active residential detached price range in January was the $325,000-$349,999 range, representing 8% of all residential detached MLS® sales.

Interestingly, a close second was the $550,000-$599,999 price range which was just shy of 8% of all residential detached MLS® sales. There were 7 residential detached homes sold at $1 million or more in January 2024 whereas there were 3 sold in January 2023. 

Of the 99 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in January, 85 were within Winnipeg and the remaining 14 occurred outside Winnipeg. Winnipeg's Osborne Village area saw the most MLS® condominium sales in January followed by Downtown. Of the 374 active MLS® listings for condominiums, 285 were in Winnipeg and 89 were outside Winnipeg. The average price for a condominium in January was 20% above last January and 16% above the 5-year average. The most active price range for condominiums was the $150,000-$174,999 price range representing 13% of all MLS® condominium sales.

“Demand for condominiums continues to be strong with MLS® sales up 10% and average prices up 20% over last year," said Prefontaine.​

Of the 49 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in January, 38 were in Winnipeg and the remaining 11 occurred outside Winnipeg. Of the 218 active MLS® listings for residential attached homes, 129 were in Winnipeg and 89 were outside Winnipeg. The average price for a residential attached home was 18% above last January and 24% above the 5-year average.

“On February 22, 2024, the Winnipeg Regional Real Estate Board will host its annual Market Insights event and provide an overview of 2023 residential and commercial real estate market trends, insights into factors impacting the economy and real estate forecasts for 2024," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. In addition to Jeremy Davis from the Winnipeg Regional Real Estate Board, we are excited to welcome Benjamin Tal, Managing Director and Deputy Chief Economist with CIBC Capital Markets, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, and Dan Chubey, Managing Director for Colliers Brokerage, for insights into economic trends, real estate results, and forecasts for 2024."


Source: Winnipeg Regional Real Estate Board.

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Market Release December 2023

December 2023 closes the year with steady increases in MLS® sales, listings, dollar volume and average prices ​

WINNIPEG, January 9, 2024 – December 2023 closed with total MLS® sales for all property types up over December of 2022. MLS® listings and dollar volumes were also up over last year which marks the 3rd time in 2023 where all three statistical categories were up in the same month. Average prices increased over last December for all three of the main MLS® property types of residential detached and residential attached, as well as condominium.

“2023 was a year that began with a return to a balanced market and provided an overall steady real estate market performance," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “To close out 2023, it was nice to see increases to the number of MLS® sales across the three main MLS® property types when compared to last year for the month of December. With the full year of data now in hand, an analysis of 2023 will be undertaken in preparation of the Winnipeg Regional Real Estate Board's annual Market Insights forecast event taking place online on February 22, 2024!"

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 8% over last December, and 16% below the 5-year average.

Active MLS® listings for all MLS® property types continued to rise when compared to last year and are up 12% from last December and 11% above the 5-year average. The total dollar volume of MLS® sales in December was over $226 million which is 15% above last December and 8% below the 5-year average.

Of the 410 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in December, 280 were in Winnipeg while the remaining 130 occurred outside Winnipeg. Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in December followed closely by the Island Lakes/Royalwood area. The Morris and Morden/Winkler areas saw the most residential detached homes sold outside Winnipeg followed by the Steinbach area.

Of the 1,303 residential detached active MLS® listings, 601 were in Winnipeg while 702 were outside Winnipeg. The average price for a residential detached home rose 7% over last December and is up 11% over the 5-year average. The most active residential detached price range was the $350,000 - $374,999 range in December representing 8% of all residential detached MLS® sales. There were 6 residential detached homes sold at $1 million or more in December.

Of the 103 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in December, 87 were in Winnipeg and the remaining 16 occurred outside Winnipeg. The Osborne Village area and Downtown were the neighbourhoods in Winnipeg which saw the most MLS® condominium sales in December followed by River Park South. 

Of the 385 active MLS® listings for condominiums, 289 were in Winnipeg and 96 were outside Winnipeg. The average price for a condominium in December was 10% above last December and the 5-year average. The most active price range for condominiums was the $175,000-199,999 range in December which represents 14% of all MLS® condominium sales.

Of the 48 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in December, 35 were in Winnipeg and the remaining 13 occurred outside Winnipeg. Of the 224 active MLS® listings for residential attached homes, 131 were in Winnipeg and 93 were outside Winnipeg. The average price for a residential attached home was 10% above last December and the 5-year average.

“On February 22, 2024, the Winnipeg Regional Real Estate Board will host its annual Market Insights event and provide an overview of 2023 residential and commercial real estate market data and trends, insights into factors impacting the economy and forecasts for 2024," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. As we close the book on 2023 and move forward in 2024, a constant that will remain is the huge advantage REALTORS® provide to those entering the market through access to detailed, accurate, timely, and reliable real estate market MLS® data that greatly assists in the purchase or sale process."

Source: Winnipeg Regional Real Estate Board

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Market Release Nov. 2023


Winnipeg Regional Real Estate Board’s market region holds steady with increased active MLS® listings

WINNIPEG, December 7, 2023 – For the 17th consecutive month, active MLS® listings across the Winnipeg Regional Real Estate Board’s market region showed percentage gains over the previous year. All MLS® sales declined slightly but remained close to last November. MLS® statistics show the average price of residential detached homes and condominiums saw a dip while residential attached homes saw a gain when compared to November of last year.

“While the number of MLS® active listings has fluctuated up and down, percentage increases over the previous year have continued in every month since the market shifted in June of 2022,” said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “Active listings for residential detached homes and condominiums increased over last year while MLS® sales, dollar volume and average prices all saw declines compared to 2022. Residential attached homes, on the other hand, saw increases to active MLS® listings, sales, dollar volume and average prices over last November.”​​

Active MLS® listings across the Winnipeg Regional Real Estate Board’s market region are up 9% from last November and 7% above the 5-year average while sales for all MLS® property types are 2% below last November, and 16% below the 5-year average. The total dollar volume of MLS® sales in November was a little over $285 million which is 4% below last November and 13% below the 5-year average.

 

Of the 566 residential detached MLS® sales across the Winnipeg Regional Real Estate Board’s market region in November, 379 were in Winnipeg while the remaining 187 occurred outside Winnipeg. Of the 1,788 residential detached active MLS® listings, 880 were in Winnipeg while 908 were outside Winnipeg.

The average price for a residential detached home declined 1% over last November and is up 3% over the 5-year average.

West Kildonan was the neighbourhood in Winnipeg which saw the most residential detached homes sold in November followed closely by Sargent Park. Steinbach was the area outside Winnipeg which saw the most residential detached homes sold in November followed by the Morden/Winkler area. The most active residential detached price range was the $325,000 - $349,999 range with 55 MLS® sales in November representing 10% of residential detached MLS® sales.

“There were 5 residential detached homes sold at $1 million or more in November,” said Prefontaine.​

 

Of the 120 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in November, 99 were in Winnipeg and the remaining 21 occurred outside Winnipeg. Of the 456 active MLS® listings for condominiums, 354 were in Winnipeg and 102 were outside Winnipeg.

The average price for a condominium in November was 8% below last November and statistically equal to the 5-year average.

The Osborne Village area was the neighbourhood in Winnipeg which saw the most MLS® condominium sales in November followed by River Park South. The most active price range for condominiums was the $150,000-174,999 range with 17 sales in November which represents 14% of all MLS® condominium sales.

“November saw the 2nd highest condominium sale of the year in River Park South,” said Prefontaine. “This represents the 3rd condominium sold at or above $1 million in 2023 and matches the total for 2022.”​

 

Of the 62 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board’s market region in November, 44 were in Winnipeg and the remaining 18 occurred outside Winnipeg. Of the 281 active MLS® listings for residential attached homes, 168 were in Winnipeg and 113 were outside Winnipeg. The average price for a residential attached home was 4% above last November and 8% higher than the 5-year average.

“As we enter the Holiday Season and family and friends gather, homes take center stage as this is where many memories are made,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® are proud of the roles they play in helping create memories for first time or existing homebuyers. For those looking to buy or sell, licenced professional REALTORS® can be depended on for the tools and know-how to make your real estate transaction run smoothly.”​​

 

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Market Release September 2023

Steady MLS® sales performance for September and first three quarters of 2023 while average home prices continue to increase

WINNIPEG, October 5, 2023 – As was seen last month, average home prices in September increased over 2022 and the 5-year averages across the three main property types residential detached, condominium and residential attached. For the month of September and the first three quarter totals, MLS® sales continue to track similarly to 2019.

“September was marked by its steady MLS® sales performance for this month and through the first three quarters of 2023," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “With the record-breaking years seemingly in the rearview mirror, a return to consistency for MLS® sales volumes in our market region is an encouraging development. Average prices continued an upward trend across the three main property types for the second consecutive month."

 

All MLS® sales in September were 2% lower than the Septembers of 2019 and 2022, and 14% below the 5-year average. Active MLS® listings, were up 8% from last September and 1% above the 5-year average. The total dollar volume of MLS® sales in September was a little over $411 million which is 1% higher than September of 2022 and 6% below the 5-year average.

MLS® sales for the first three quarters of 2023 were 14% below 2022 and the 5-year average and only 4% below 2019.

The third quarter MLS® sales were the best quarterly performance of 2023 when compared to 2022. First quarter MLS® sales were 27% below 2022, second quarter MLS® sales were 15% below 2022 while third quarter MLS® sales were 4% below 2022.

 

Of the 813 residential detached MLS® sales across our market region in September, 519 were in Winnipeg while the remaining 294 occurred outside Winnipeg. Of the 2,179 residential detached active MLS® listings, 1,083 were in Winnipeg while 1,096 were outside Winnipeg.

The average price for a residential detached home rose 4% over last September and is up 10% over the 5-year average.

Through the first three quarters of 2023, Waverley West leads total residential detached MLS® sales with 251 followed by River Park South with 154. The Steinbach area leads the way in the areas outside Winnipeg with 333 followed by Morden/Winkler with 300.

“September saw the second highest residential detached home sale ever in Winnipeg, at $4.7 million, in the River Heights neighbourhood," said Prefontaine. “The highest residential detached home sale ever came last year at $5 million in the Charleswood neighbourhood." 

 

Of the 169 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in September, 137 were in Winnipeg and the remaining 32 occurred outside Winnipeg. Of the 449 active MLS® listings for condominiums, 349 were in Winnipeg and 100 were outside Winnipeg.

The average price for a condominium in September was 2% above last September and 9% above the 5-year average.

Through the​ first ​three quarters of 2023, Osborne Village leads the way with 140 condominium MLS® sales, followed by Downtown with 78. Morden/Winkler leads the areas outside Winnipeg with 67 followed by the Steinbach area at 55. 

 

Of the 66 total MLS® residential attached home sales in September, 52 were in Winnipeg and the remaining 14 occurred outside Winnipeg. Of the 289 active MLS® listings for residential attached homes, 179 were in Winnipeg and 110 were outside Winnipeg. The average price for a residential attached home was 8% higher than last September and 15% higher than the 5-year average.

“The recent election serves as a reminder of the role REALTORS® play in advocating for issues related to the real estate industry," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In the coming weeks, REALTORS® from across the nation gather in Ottawa to raise awareness about housing-related issues at the federal level as Members of the Canadian Real Estate Association's Political Action Committee. Like the consistency of the market to this point in 2023, you can be sure that REALTORS® will consistently be a part of the conversations that create positive, housing-related developments into the future."

 

Source: Winnipeg Regional Real Estate Board

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Market Release August 2023

August 2023 MLS® sales and average prices see gains over 2022

WINNIPEG, September 7, 2023 – August 2023 MLS® sales and average prices increased over August of 2022 stemming from increases seen across the main three property types of residential detached, condominium and residential attached homes.

“August marks the first month in 2023 that MLS® sales performed better than the same month in 2022," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “This trend was seen across all three of the main property types but mostly due to an increase in residential detached MLS® sales. After months of coming close to 2022 MLS® sales levels, it is good to see performance rise above last year's results." 

All MLS® sales in August were 2% higher than July, 2% higher than August of 2022 and 9% below the 5-year average. In keeping with the theme from July's Market Release, the MLS® sales performance for August was 6% above the 5-year average of Augusts between 2015-2019, before the pandemic began. Active MLS® listings on the other hand, were down 2% from July, up 12% from last August and 1% below the 5-year average.

The total dollar volume of MLS® sales in August was almost $511 million and was 5% higher than 2022 and 1% higher than the 5-year average. 
Of the 1,013 residential detached MLS® sales across our market region, 649 were in Winnipeg while the remaining 364 occurred outside Winnipeg. Of the 2,137 residential detached active MLS® listings, 994 were in Winnipeg while 1,143 were outside Winnipeg.

The average price for a residential detached home rose 4% over last August and is up 10% over the 5-year average.

“Interestingly, with 14 MLS® sales over $1 million, August became the new best month for MLS® sales in this price range for 2023," said Prefontaine.
Of the 194 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in August, 168 were in Winnipeg and the remaining 26 occurred outside Winnipeg. Of the 480 active MLS® listings for condominiums, 365 were in Winnipeg and 115 were outside Winnipeg.

The average price for a condominium in August was 5% above August of 2022 and 10% above the 5-year average.

“Another interesting statistic for August saw the 2nd condominium of 2023 sold for over $1 million," said Prefontaine.
Of the 77 total MLS® residential attached home sales in August, 51 were in Winnipeg and the remaining 26 occurred outside Winnipeg. Of the 280 active MLS® listings for residential attached homes, 176 were in Winnipeg and 104 were outside Winnipeg. The average price for a residential attached home was 5% higher than last August and 15% higher than the 5-year average.

“For families with children, the beginning of September signifies a transition back into the rhythm of school, daily routines, and a bustling schedule filled with various activities," stated Marina R. James, the CEO of the Winnipeg Regional Real Estate Board. "Families can rely on the expertise and tools provided by REALTORS® to discover neighborhoods that are conveniently located near schools, recreational facilities, and all the essential liveability amenities. REALTORS® possess the necessary resources, data, and experience to help you find the right home in the ideal location!"


Source: Winnipeg Regional Real Estate Board


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July MLS® sales continue to perform similarly to pre-pandemic years
Includes mid-summer Lake Country real estate market update

WINNIPEG, August 9, 2023 – July MLS® sales decreased from June, last July and the 5-year average. Active MLS® listings rose from last month, last July and to slightly above the 5-year average.

​“The last 3 Julys were the top three Julys on record but when taking the 5-year average of Julys from 2015 to 2019 before the pandemic began, we see July 2023 MLS® sales tracking similarly," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “The depleted housing availability seen over the last 3 years has balanced out with gains to active listings that are encouraging to see. A healthy housing inventory that spans all different price ranges is important for a balanced market."


All MLS® sales in July were 15% below June, 11% below July of 2022 and 14% below the 5-year average. Of note, MLS® sales performance for July were 2% below the 5-year average of Julys from 2015-2019 before the pandemic began. Active MLS® listings on the other hand, were up 3% from June, 16% up from last July and statistically even with the 5-year average.​

 
Of the 971 residential detached MLS® sales across our market region, 623 were in Winnipeg while the remaining 348 occurred in the areas outside of Winnipeg. Of the 2,257 residential detached active MLS® listings, 1,062 were in Winnipeg while 1,195 were in the areas outside Winnipeg.

The average price for a residential detached home rose 2% over last July and is up 9% over the 5-year average.


Of the 202 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in July, 175 were in Winnipeg and the remaining 27 occurred in the area outside of Winnipeg. Of the 489 active listings for condominiums, 357 were in Winnipeg and 132 were in the areas outside of Winnipeg.

The average price for a condominium in July was 6% below July of 2022 and even with the 5-year average.

Of the 82 total MLS® residential attached home sales in July, 56 were in Winnipeg and the remaining 26 occurred in the areas outside of Winnipeg. Of the 284 active listings for residential attached homes, 178 were in Winnipeg and 106 were in the areas outside of Winnipeg. The average price for a residential attached home was 1% higher than last July and 8% higher than the 5-year average.

“As we enjoy the warmth of August sunshine, some might be hearing the call of the wild and yearning for some time in Lake Country," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “That's why we've included a Mid-Summer Lake Country Real Estate Market Update for those looking to find a retreat. Whether you're looking to enjoy the tranquility that Lake Country offers or looking to make your tranquil property available for someone else to rent or purchase, REALTORS® are there to help with every step of the process!"



Mid-Summer Lake Country Real Estate Market Update

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – East Side, Lake Winnipeg – West Side and Winnipeg River. A description of the areas are as follows:

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookefield South (R18) and Poplar Bay (R28).​

​Among the common trends seen in the following charts for the first half of 2023 across all Lake Country areas are increased listings over the first half of last year, average prices at or above the 5-year averages and decreases to the continuous days-on-market (CDOM).

MLS® sales were up over last year in Lac du Bonnet and Winnipeg River while Winnipeg River was the only area that saw sales increase over the 5-year average.

Listings were up in the first half for all areas when compared to last year while Lake Manitoba – East Side, Lake Winnipeg – East Side, and Winnipeg River were up over the 5-year average.

Average prices decreased in the first half everywhere but Lac du Bonnet when compared to the first half of last year and rose everywhere over the 5-year average, except for Winnipeg River which was statistically even.

The continuous days-on-market for the first half decreased everywhere except Lake Winnipeg – East Side when compared to the first half of last year and decreased everywhere over the 5-year average.

“For those looking to buy in Lake Country, the good news is that there are more choices available than last year," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “For those looking to sell in Lake Country, average prices are up over the 5-year average and the continuous days-on-market it took to sell decreased everywhere when compared to the 5-year average. Only REALTORS® can provide the trusted advice and market performance information that buyers and sellers need when considering a property in Lake Country."

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WINNIPEG, June 7, 2023 – MLS® sales in May grew again over the previous month and made gains on the 5-year average. Meanwhile, active listings grew over last month, substantially over last year and inched up slightly over the 5-year average.

“While MLS® sales were still below the record May results of 2021 and 2022, residential resale performance for May 2023 showed signs of progress," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “This is the first month of 2023 that MLS® sales have risen to a single digit percentage range below the 5-year average. MLS® sales performed at a respectable level."

MLS® sales in May were 160% higher than January, 130% higher than February, 49% higher than March and 37% higher than April. Active MLS® listings in April were 45% higher than January, 34% higher than February, 21% higher than March and 14% higher than April.

Of the 1,066 residential detached MLS® sales across our market region, 699 were in Winnipeg while the remaining 367 occurred in the rural areas outside Winnipeg. Of the 2,042 residential detached active MLS® listings, 987 were in Winnipeg while 1,055 were in the rural areas outside Winnipeg.

Residential detached homes made up 70% of all MLS® home sales in May. Southwest Winnipeg had the most sales within the city, representing 27% of all Winnipeg residential detached home sales. The rural area outside Winnipeg represented 34% of all MLS® residential detached home sales.

The most residential detached MLS® sales in May were in the $300,000 - $399,999 range with 285 which makes up 27% of the total 1,066 residential detached homes sold.

Of the 223 total MLS® condominium sales across our market region in May, 180 were in Winnipeg and the remaining 43 occurred in the rural area outside Winnipeg. Of the 525 active listings for condominiums, 390 were in Winnipeg and 135 were in the rural area outside Winnipeg.

May MLS® sales for condominiums are the first of the three main property types of residential detached, condominiums and residential attached, to rise above the 5-year average in 2023. At the same time, active listings for condominiums in May were the only one of the three property types that were below the 5-year average.

The most MLS® sales for condominiums in May was tied at 72 in the $100,000 - $199,999 range and the 200,000 - $299,999 range which each make up 32% of the total 223 condominiums sold.

Of the 112 total MLS® residential attached home sales across our market region in May, 79 were in Winnipeg and the remaining 33 occurred in the rural area outside Winnipeg. Of the 266 active listings for residential attached homes, 163 were in Winnipeg and 103 were in the rural area outside Winnipeg.

“The Winnipeg Regional Real Estate Board continues to be the voice of organized real estate advocating on issues of importance such as keeping abreast of civic, legislative, and economic matters and public policy that impede or enhance housing affordability and affordable housing, and reporting on the pace of the local housing market and residential and commercial real estate development." said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Our Winnipeg Regional Real Estate News Market Matters column elevates priorities important to the real estate market and housing."
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WINNIPEG, May 10, 2023 – In a trend that has continued since the start of 2023, the number of MLS® sales has continued to rise but not to the same levels seen last April or over the 5-year average. MLS® sales were down when compared to last year and the 5-year average while the number of active MLS® listings continued to rise, with increases over last month, last year and the 5-year average. ​

Ofthe 1,103 MLS® sales across our market region, 729 were in Winnipeg with 374 in the rural areas outside Winnipeg and of the 3,584 MLS® active listings in April, 1,600 were in Winnipeg while 1,984 were in the rural areas outside Winnipeg.

“Between inflation and interest rate uncertainty, there is a lot going on within the real estate industry right now. Notwithstanding short-term market fluctuations, however, the belief is that the outlook in our local market region is favourable," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “Residential resale for this April was below the peak MLS® sales seen in 2021 and 2022 and 9% below April 2019. While April's MLS® sales were neutral, it is positive to see trends of continued monthly growth in MLS® sales and active listings since the start of 2023."

MLS® sales in April were 90% higher than January, 68% higher than February and 9% higher than March. Active MLS® listings in April were 28% higher than January, 18% higher than February and 6% higher than March.

Of the 763 residential detached MLS® sales across our market region, 508 were in Winnipeg while the remaining 255 occurred in the rural areas outside Winnipeg. Of the 1,761 residential detached MLS® active listings, 822 were in Winnipeg while 939 were in the rural areas outside Winnipeg.

Residential detached homes made up 69% of all MLS® home sales in April. Southwest Winnipeg had the most sales within the city, representing 30% of all Winnipeg residential detached home sales. The rural area outside Winnipeg represented 30% of all MLS® residential detached home sales.

Of the 171 total MLS® condominium sales across our market region in April, 142 were in Winnipeg and the remaining 29 occurred in the rural area outside Winnipeg. Of the 484 active listings for condominiums, 357 were in Winnipeg and 127 were in the rural area outside Winnipeg.

Of the 79 total MLS® residential attached home sales across our market region in April, 53 were in Winnipeg and the remaining 26 occurred in the rural area outside Winnipeg. Of the 252 active listings for residential attached homes, 152 were in Winnipeg and 100 were in the rural area outside Winnipeg.

“Utilizing the power of the MLS® marketing system gives REALTORS® a unique advantage in helping clients with their home buying or selling journey," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The MLS® is a co-operative real estate selling system that employs high-impact data analytics and is operated by the Winnipeg Regional Real Estate Board. While there are many more benefits of using a professional licenced REALTOR®, the MLS® is one of the advantages REALTORS® offer."  

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WINNIPEG, April 12, 2023 – Along with the number of active listings on the market, MLS® sales in March continued to grow from last month marking a sustained transition back to the type of market seen before the pandemic began. The number of active listings is up over last year but still has room for growth before meeting the levels seen before the pandemic began. Meanwhile, MLS® sales for March 2023 were below the record March sales totals in 2021 and 2022 and slightly above the levels seen before the pandemic.

​Of the 3,368 MLS® active listings across our market region in March, 1,565 were in Winnipeg while 1,803 were in the rural areas outside Winnipeg and of the 1,014 MLS® sales across our market region, 664 were in Winnipeg with 350 in the rural areas outside Winnipeg.

“It's good to see an increase from last month in MLS® sales along with continued growth in active listings to close out the first quarter of 2023," said Akash Bedi, outgoing 2022-2023 president of the Winnipeg Regional Real Estate Board. “March was the first time since the market shifted midway through 2022 that MLS® sales totals have been higher than the same month in pre-pandemic 2019."
Of the 1,612 residential detached MLS® active listings across our market region, 773 were in Winnipeg while 839 were in the rural areas outside Winnipeg. Of the 698 residential detached MLS® sales, 471 were in Winnipeg while the remaining 227 occurred in the rural areas outside Winnipeg.
Of the 443 active listings for condominiums across our market region, 315 were in Winnipeg and 128 were in the rural area outside Winnipeg. Of the 149 total MLS® condominium sales in March, 122 were in Winnipeg and the remaining 27 occurred in the rural area outside Winnipeg.
“It has been my pleasure serving as the Winnipeg Regional Real Estate Board's President since the beginning of 2022," said Bedi. “My time as President has been a unique and rewarding experience. Moving forward, the incoming 2023-2024 President, Rena Prefontaine will be sharing Winnipeg Regional Real Estate Board monthly MLS® market updates to keep buyers and sellers informed throughout the year ahead.“ 

“As we enter the spring real estate market in April, REALTORS® leverage the MLS® system and are the experts when it comes to what's happening in neighbourhoods and can offer professional market intelligence," said the Winnipeg Regional Real Estate Board CEO Marina R. James. "REALTORS® provide valuable advice and objective feedback for buyers when looking for a home and for sellers looking to maximize their return. Either way, REALTORS® help ease the stress for buyers and sellers during one of the biggest financial decisions of their lifetime."

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Winnipeg, February 8, 2023 - As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they've been for most of the pandemic but more in line with pre-pandemic January results.

Winnipeg Regional Real Estate Board's MLS® January 2023 data marks the seventh consecutive month that the percentage increase in active listings has grown over the same month from last year. As an example, over the last 3 months, November's active listings were 53% higher than the previous November and December was 55% higher than the previous December. The active listings for January 2023 are 69% higher than last January.

“Last January was a continuation of a trend seen throughout the pandemic of high demand which translated into high MLS® sales and low inventory," said Akash Bedi, 2022/23 president of the Winnipeg Regional Real Estate Board. “We're coming from a strong seller's market where inventory was sold as fast as it came on the MLS®. Since fall of 2022, the market has shifted, and we are now in a balanced market that provides buyers and sellers with equal opportunity in the real estate purchasing and selling process."

Total January MLS® sales of 582 in our market region are down 16% from last January's 690 and down 19% over the 5-year average of 715.

Total MLS® inventory of 2,811 for this month is 69% above last January's 1,664 and only 4% down from the 5-year average of 2,928.

Residential detached homes had MLS® sales of 392 which are down 4% from last January's 407 and 17% down from the 5-year average of 473.

Residential detached homes saw MLS® inventory of 1,296 which is up more than twofold at 108% over last January's 622 and only 3% below the 5-year average of 1,331.

The average price of a residential detached home in January was $367,977 which is 8% below last January's $401,216 but 6% above the 5-year average of $347,472.

MLS® sales for condominiums of 90 in January were 27% lower than last January's 124 and 9% below the 5-year average of 99.

MLS® inventory for condominiums of 372 is up 21% over last January's 308 and 26% below the 5-year average of 504.​

The average price of a condominium in January was $231,549 which is 8% below last January's $251,629 but 3% above the 5-year average of $224,598.

MLS® sales for residential attached homes of 36 in January were 36% lower than last January's 56 and 35% below the 5-year average of 55.

MLS® inventory for residential attached homes of 233 is up 140% over last January's 97 and 44% above the 5-year average of 162.

The average price of a residential attached home in January was $330,998 which is 2% above last January's $323,852 and 14% above the 5-year average of $290,026.

“When looking across residential detached homes, condominiums and residential attached homes, there is a consistent trend of increased inventory and that's great to see," said Bedi. “More than ever, affordability is top of mind to those seeking to purchase a home. A big a factor when purchasing a home or condominium is housing options, be that by neighbourhood along with urban and rural locations. Increased inventory on the MLS® means more options and choice."

The price range up to $249,999 was the most active residential real estate category in January with 104 MLS® sales which represents 27% of all sales. January's highest priced sale was $1,450,000 and the lowest was at $30,000.

"As ​we move forward in 2023, we're aware of the impact that market forces, like inflation and interest rates, are having on prospective buyers of real estate," said the Winnipeg Regional Real Estate Board CEO Marina R. James. “The unprecedented changes we've experienced since the start of the pandemic underscore the importance of having reliable data when making important decisions against the backdrop of changing real estate market conditions. REALTORS® continued use of accurate and reliable MLS® data will continue to ensure that their buyers and sellers have the best possible information at hand when facing one of the biggest financial decisions in their lifetime."

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Winnipeg, February 8, 2023 - As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they've been for most of the pandemic but more in line with pre-pandemic January results.

Winnipeg Regional Real Estate Board's MLS® January 2023 data marks the seventh consecutive month that the percentage increase in active listings has grown over the same month from last year. As an example, over the last 3 months, November's active listings were 53% higher than the previous November and December was 55% higher than the previous December. The active listings for January 2023 are 69% higher than last January.

“Last January was a continuation of a trend seen throughout the pandemic of high demand which translated into high MLS® sales and low inventory," said Akash Bedi, 2022/23 president of the Winnipeg Regional Real Estate Board. “We're coming from a strong seller's market where inventory was sold as fast as it came on the MLS®. Since fall of 2022, the market has shifted, and we are now in a balanced market that provides buyers and sellers with equal opportunity in the real estate purchasing and selling process."

Total January MLS® sales of 582 in our market region are down 16% from last January's 690 and down 19% over the 5-year average of 715.

Total MLS® inventory of 2,811 for this month is 69% above last January's 1,664 and only 4% down from the 5-year average of 2,928.

Residential detached homes had MLS® sales of 392 which are down 4% from last January's 407 and 17% down from the 5-year average of 473.

Residential detached homes saw MLS® inventory of 1,296 which is up more than twofold at 108% over last January's 622 and only 3% below the 5-year average of 1,331.

The average price of a residential detached home in January was $367,977 which is 8% below last January's $401,216 but 6% above the 5-year average of $347,472.

MLS® sales for condominiums of 90 in January were 27% lower than last January's 124 and 9% below the 5-year average of 99.

MLS® inventory for condominiums of 372 is up 21% over last January's 308 and 26% below the 5-year average of 504.​

The average price of a condominium in January was $231,549 which is 8% below last January's $251,629 but 3% above the 5-year average of $224,598.

MLS® sales for residential attached homes of 36 in January were 36% lower than last January's 56 and 35% below the 5-year average of 55.

MLS® inventory for residential attached homes of 233 is up 140% over last January's 97 and 44% above the 5-year average of 162.

The average price of a residential attached home in January was $330,998 which is 2% above last January's $323,852 and 14% above the 5-year average of $290,026.

“When looking across residential detached homes, condominiums and residential attached homes, there is a consistent trend of increased inventory and that's great to see," said Bedi. “More than ever, affordability is top of mind to those seeking to purchase a home. A big a factor when purchasing a home or condominium is housing options, be that by neighbourhood along with urban and rural locations. Increased inventory on the MLS® means more options and choice."

The price range up to $249,999 was the most active residential real estate category in January with 104 MLS® sales which represents 27% of all sales. January's highest priced sale was $1,450,000 and the lowest was at $30,000.

"As ​we move forward in 2023, we're aware of the impact that market forces, like inflation and interest rates, are having on prospective buyers of real estate," said the Winnipeg Regional Real Estate Board CEO Marina R. James. “The unprecedented changes we've experienced since the start of the pandemic underscore the importance of having reliable data when making important decisions against the backdrop of changing real estate market conditions. REALTORS® continued use of accurate and reliable MLS® data will continue to ensure that their buyers and sellers have the best possible information at hand when facing one of the biggest financial decisions in their lifetime."

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WINNIPEG, January 11, 2023​ - Slowing 2022 MLS® sales that began in summer continued through December, transitioning the Winnipeg Regional Real Estate Board market region back to a balanced market.

The total number of MLS® sales in 2022 was the third highest on record at 14,660, behind only 2021's record-setting 18,575 and 2020's 16,033. To add perspective, the last pre-pandemic year of 2019 had 13,662 sales. The total MLS® dollar volume of all sales for 2022 was the second highest on record at $5.4 billion. Total MLS® dollar volume was increasing every year from 2018 until 2021 put an exclamation point on it. Until 2021, the total MLS® dollar volume had not eclipsed $5 billion in any other year, but 2021 saw a record of $6.3 billion in total sales.

“Despite slowing MLS® sales, the strong sales in the first half ultimately carried 2022 to the third highest MLS® total sales on record," said Akash Bedi, 2022/2023 president of the Winnipeg Regional Real Estate Board. “The year began with low inventory and strong demand that undoubtedly contributed to the second highest dollar volume on record."

Average prices for residential detached homes and condominiums followed similar trajectories as the trends for sales and inventory in 2022. Diminished inventory combined with strong demand led to increased month-over-month prices to start the year but by summer, prices levelled off as inventory replenished to pre-pandemic levels and demand slowed.

Last year started with an average price of $401,216 for a residential detached home in January, peaked in May at $454,832, but settled in at $378,978 to close out December. The average price of a residential detached home in December of $378,978 was 1% lower than last year's $382,317, but 9% above the 5-year-average of $347,354, and 20% higher than 2019's $316,336.

For condominiums, 2022 started with an average price of $251,629 in January, peaked in July at $278,266 but then closed the year out at $243,749 in December. The average price of a condominium in December of $243,749 was 0.3% higher than last year's $243,058, 2.4% higher than the 5-year-average of $238,056, and 6% higher than 2019's $229,594.

For a more fulsome look at 2022, the year-to-date average price of a residential detached home was $413,912 which is 9% higher than last December's total of $379,844, 16% higher than the 5-year-average of $356,200, and 28% higher than 2019's $324,122.

For condominiums, the year-to-date average price was $264,512 which is 8% higher than last December's total of $244,957, 8% higher than the 5-year-average of $245,307, and 11% higher than 2019's $238,089.

“Real estate remains one of the most important contributors to our well-being and is a strong indicator of the overall local economy," said Bedi. “The Winnipeg regional real estate market remains affordable with many options to purchase a home or condominium. It is to be expected that overall sales and inventory have shifted in line with the pre-pandemic trajectory and the normal seasonal changes that the market experiences."

The Winnipeg Regional Real Estate Board's market region trends along with other markets across Canada in its seasonal nature where sales decline in the winter months. The following statistics will show that this December's sales were slightly below prior years, while the overall sales for 2022 were only slightly below the 5-year average but still higher than pre-pandemic 2019. At the same time, inventory continued a much-needed rally that concluded 2022, also only slightly below the 5-year-average but still behind 2019.

December sales of 591 were down 36% from last year's 926, 20% down from the 5-year average of 740, and 12% down from the last pre-pandemic year of 2019 which saw 674 sales. The overall sales for 2022 were at 14,660 which is down 21% from last year's 18,575, 3% below the 5-year-average of 15,141, and 7% higher than pre-pandemic 2019's 13,662.

December inventory of 2,634 was up 55% from last year's 1,696, 3% down from the 5-year-average of 2,721, and 29% down from 2019's 3,726. The overall listings for 2022 were at 22,312 which is down 3% from last year's 23,093, 6% down from the 5-year-average of 23,704, and 13% down from pre-pandemic 2019's 25,741.

“The year 2022 was a reset to pre-pandemic market conditions where professional REALTORS® continued to provide buyers and sellers with expert advice based on MLS® data," said the Winnipeg Regional Real Estate Board CEO Marina R. James. “The number on the year may have changed to 2023, but there is no doubt that REALTORS® will continue to be invaluable for buyers and sellers this year, and into the future."

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WINNIPEG, December 5, 2022 – A boost in November's year-over-year inventory combined with slowing month-over-month sales have Winnipeg and its regional market performance transitioning toward balanced market stabilization.

While some small remnants of a seller's market remain, the continuation of October's slowing MLS® sales into November show a market that is trending more in line with the normal seasonal changes seen before the record years of 2020 and 2021. 

Total November sales of 870 in our market region are down 30% from last November's 1,244 and down 14% over the 5-year average of 1015. It should be noted that with the record year experienced in 2021 as a result of the pandemic, some perspective can be applied with this November's sales down only 4% from the 902 sales of the last pre-pandemic year of 2019. 

Active November listings of 3,455 are up 53% over last November's 2,252 and 4% down from the 5-year average of 3,599. The comparison to the last pre-pandemic year of 2019 has active listings down 31% to 5,009.

The January to November, year-to-date sales of 14,072 are down 20% from last November's 17,650 but only 2.3% down when compared to the 5-year average of 14,402. When compared to the last pre-pandemic year of 2019, year-to-date sales are 8% higher at 12,988.

The year-to-date listings of 21,580 are down only 3% from last November's 22,338 and 6% down from the 5-year average of 22,887. Compared to the last pre-pandemic year of 2019, year-to-date listings are down 13% with 24,855.

“While MLS® sales are slightly outpacing inventory, November sales are trending toward normal pre-pandemic residential real estate sales volume. A much-needed boost to inventory has resolved the shortages we experienced in 2021," said Akash Bedi, 2022 president of the Winnipeg Regional Real Estate Board. “This is positive news, not only because it serves as confirmation of last month's trend toward a balanced market but also because it means more choice for prospective buyers."

Most of the Winnipeg market region is made up of residential detached homes and there are some interesting shifts happening in this part of the MLS ® market. This November's inventory has seen a nearly two-fold increase of 94% over last November and has crept above the 5-year average by 1%.

The average residential detached price for November was at $378,905 which is slightly up from last month's $377,165, down 2% from last November but 7% higher than the 5-year average. The year-to-date average price was down to $415,325 from October's $417,867, up 9% over last November but 11% higher than the 5-year average.

The $0-249,999 price range was the most active residential real estate category in November with 153 MLS ®sales which represents 25% of all sales. Last month's highest priced sale at $1,550,000 was surpassed with 5 MLS® sales at or above that marker this month. The highest priced sale in November was at $2,125,000 and the lowest was at $45,000.

Another interesting trend observed is the continuation of hot demand in the condominium market which saw a year-to-date increase of 11% over the 5-year average and up 27% over the last pre-pandemic year of 2019.  This has resulted in year-to-date inventory that is down 14% over the 5-year average and down 21% over 2019. 

“The trend of a high year-to-date conversion of listings to sales for condominiums continued into November with a 70% rating," said Bedi. “What is especially intriguing is that this conversion rate has inched above the year-to-date conversion rate of residential detached listings to sales by 1%."

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