Year-end surge in December MLS® sales leads to second consecutive record month ​​

Winnipeg, January 9, 2025 – To close out 2024, December saw All MLS® sales of 742 up 19% over December 2023, and 3% lower than the 5-year averag​e. Active MLS® listings of 2,393 were down 19% from last December and total MLS® dollar volume of over $272 million up 22% from December 2023. Residential detached MLS® sales of 468 were up 15% while the average price of $423,908 was up 4% when compared to December 2023. Condominium MLS® sales of 120 were up 18% and the average price of $272,728 up 1% over last December.

"Similar to November, total December MLS® sales for all property types represented the third best December result on record," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “December represents the eighth month in 2024, and third consecutive month, when there were double digit increases for total All MLS® sales for all property types. December MLS® sales, average prices and dollar volume for the main three property types were higher than last year while all but residential detached MLS® sales were higher than the 5-year average."

Year-to-date All MLS® sales of 14,597 were up 13%, total MLS® listings of 22,858 were up 2% while dollar volume of over $5.5B was up 20% over 2023. Year-to-date residential detached MLS® sales of 9,987 were up 11% and the average price of $423,878 was up 6% when compared to last December. Condominium MLS® sales of 2,194 were up 13% and the average price of $274,201 was up 6% over last December. Year-to-date residential attached MLS® sales of 1,039 were up 21% and the average price of $365,965 was up 10% over last year.

“The start of a new year is an exciting time when many people are looking for new beginnings and a fresh start," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Fortunately, REALTORS® specialize in creating fresh starts and have the tools and expertise at their disposal to not only assist buyers and sellers in getting the best price but also to help provide professional advice at every step in the process. For anyone looking for a fresh start in a new home in 2025, I encourage you to pick up this week's issue of the Winnipeg Regional Real Estate News to view listings, open houses and to find a REALTOR®."

Year-end surge in December MLS® sales leads to second consecutive record month

Winnipeg, January 9, 2025 – December 2024's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last December and the 5-year average. All MLS® active listings were down from December 2023 but even with the 5-year average. Apart from the 5-year average for residential detached MLS® sales, all three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume, and average prices.

• For December, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold while the second most was tied between the areas of Steinbach and West St. Paul.

• There were 6 residential detached homes sold at or above $1 million in December, with the highest price at almost $2 million. December 2023 also had 6 residential detached homes sold at or above $1 million.

• The $600,000-$699,999 price range was the most active with 48 MLS® sales representing 10% of all residential detached MLS® sales in December. The second most active price range was $400,000-$424,999 which saw 34 MLS® sales, representing 7% of all residential detached MLS® sales in December.

• For December, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Downtown.

• The most active price range for condominiums was the $200,000-$224,999 range with 17 MLS® sales which represents 14% of all condominium MLS® sales in December. The $225,000-$249,999 was the second most active with 13 MLS® sales in December, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.