Late 2024 real estate market heats up with third best
November MLS® sales on record​

Winnipeg, December 10, 2024 – November saw All MLS® sales of 1,045 up 24% over November 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,321 were down 12% from ​last November and total MLS® dollar volume of over $397 million up 40% from November 2023. Residential detached MLS® sales of 678 were up 20% while the average price of $433,968 was up 16% when compared to November 2023. Condominium MLS® sales of 153 were up 28% and the average price of $255,997 up 4% over last November.​

"For the first time in 2024, MLS® sales for the main three property types saw increases of at least 20% over 2023,” said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “November represents the seventh month in 2024, and second consecutive month, when there were double digit increases for total All MLS® sales for all property types. Average prices for the main three property types were higher than last year and the 5-year average. On a year-to-date basis, total MLS® sales, listings and dollar volume were all higher than last year and the 5-year average.”

Year-to-date All MLS® sales of 13,859 were up 12%, total MLS® listings of 22,054 were up 2% while dollar volume of over $5.2B was up 20% over 2023. Year-to-date residential detached MLS® sales of of 9,520 were up 11% and the average price of $423,969 was up 6% when compared to last November. Condominium MLS® sales of 2,075 were up 13% and the average price of $274,270 was up 6% over last November. Year-to-date residential attached MLS® sales of 970 were up 19% and the average price of $364,776 was up 9% over last year.

“While there are many important holidays which involve gatherings of friends and family, there is only one time of year when people say they’re ‘home for the holidays’,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This is a time when the true value of a home comes into focus and forms the backdrop for great times shared and lifelong memories. If you’re looking for a home this holiday season, remember that REALTORS® will help you find a home that will help you write your next chapter so you can create those festive memories we all hold dear. Happy holidays!”​​

Late 2024 real estate market heats up with third best
November MLS® sales on record​

Winnipeg, December 10, 2024 – November’s real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last November and the 5-year average. All MLS® active listings were down from November 2023 but higher than the 5-year average. With the exception of 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 November, 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 Steinbach area had the most residential detached homes sold while the second most was tied between the areas of Morden/Winkler and Gimli.

• There were 14 residential detached homes sold at or above $1 million in November, with the highest price at just over $3.5 million. November 2023 had 5 residential detached homes sold at or above $1 million.

• The $375,000-$399,999 price range was the most active with 53 MLS® sales representing 8% of all residential detached MLS® sales in November. The second most active price range was $350,000-$374,999 which saw 50 MLS® sales, representing 7% of all residential detached MLS® sales in November.​

• For November, Downtown was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie between Osborne Village and West Fort Garry for 2nd most MLS® sakes.

• The most active price range for condominiums was the $200,000-$224,999 range with 20 MLS® sales which represents 13% of all condominium MLS® sales in November. The $150,000-$174,999 was the second most active with 16 sales each in November, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Solid October real estate market results through ten months of 2024

Winnipeg, November 7, 2024 – October saw All MLS® sales of 1,337 up 7% over September, up 19% over October 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,624 were down 10% and total MLS® dollar volume of over $508 million up 28% over October 2023. Residential detached MLS® sales of 927 were up 19% while the average price of $427,237 was up 7% when compared to October 2023. Condominium MLS® sales of 212 were up 24% and the average price of $265,083 up 2% over last October.

"October marks the third month in 2024 when MLS® sales across the three main property types were at or above 2023 and the 5-year average, and the fourth consecutive month with MLS® sales increases over 2023 and 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “October MLS® sales across the main three property types all saw double digit increases over October 2023 with residential detached homes up 19%, residential attached homes up 27%, and condominiums up 24%, resulting in the second-best October on record for condominium MLS® sales. On a year-to-date basis, total MLS® sales through to the end of October are the fourth highest on record."

Year-to-date All MLS® sales of 12,822 were up 12%, total MLS® listings of 20,692 were up 2% while dollar volume of over $4.8B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 8,848 were up 10% and the average price of $423,217 was up 6% when compared to last October. Condominium MLS® sales of 1,923 were up 11% and the average price of $275,777 was up 6% over last October. Year-to-date residential attached MLS® sales of 885 were up 18% and the average price of $365,218 was up 10% over last year.

“Recently in October, REALTOR® Members and staff from the Winnipeg Regional Real Estate Board joined REALTORS®, real estate boards, and associations from across Canada for the Canadian Real Estate Associations' Political Action Committee (PAC) Days Conference in Ottawa to advocate on the current housing crisis," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This year's advocacy to the federal government included recommendations on embracing offsite construction technologies, creating a national housing secretariat, and extending HST/GST relief to non-profit affordable housing providers like Habitat for Humanity. As we navigate the challenges and opportunities in today's housing market, the Winnipeg Regional Real Estate Board along with its partner organizations, will continue to contribute meaningful recommendations to address the housing crisis and support the needs of our communities."

Solid October real estate market results through ten months of 2024​

Winnipeg, November 7, 2024 – The real estate market results for October 2024 saw increases to All MLS® sales, and dollar volume when compared to last month and October 2023. All MLS® active listings were down from October 2023 but higher than the 5-year average. 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 October, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Polo Park recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• There were 17 residential detached homes sold at or above $1 million in October, with the highest price at just over $2.3 million. October 2023 had 8 residential detached homes sold at or above $1 million.

• The $600,000-$699,999 price range was the most active with 90 MLS® sales representing 10% of all residential detached MLS® sales in October. The second most active price range was $375,000-$399,999 which saw 71 MLS® sales, representing 8% of all residential detached MLS® sales in October.​

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

• This month, the R35 - Morden/Winkler area recorded the highest number of condominium MLS® sales of any MLS® areas with 19.

• The most active price range for condominiums was the $150,000 - $174,999 range with 26 MLS® sales which represents 12% of all condominium MLS® sales in October. The $225,000-$249,999 was the second most active with 25 sales each in October, representing 11.8% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

September 2024 outpaces the last two years, with year-to-date totals surpassing 2023​

Winnipeg, October 8, 2024 – September saw All MLS® sales of 1,251 up 7% over last year, active MLS® listings of 4,036 down 4% and total MLS® dollar volume of over $467 million up 15%. Residential detached MLS® sales of 884 were up 9% while the average price of $410,004 was up 3% when compared to last September. Condominium MLS® sales of 174 were up 3% and the average price of $277,334 ​up 2% over last September. ​

"The upward trend in MLS® sales, dollar volume, and average prices in 2024 continued across the three primary property types: residential detached, residential attached and condominiums. This month, these gains also exceeded those of September 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Year-to-date totals for 2024 showed increases in listings, MLS® sales, dollar volume, and average prices compared to 2023. Condominiums had a particularly strong performance, being the only property type to exceed the 5-year average for MLS® sales through the first three quarters. Additionally, September marked the fifth condominium MLS® sale of 2024 at or above $1 million."

Year-to-date All MLS® sales of 11,495 were up 11%, total MLS® listings of 18,870 were up 3% while dollar volume of almost $4.4B was up 17% over 2023. Year-to-date residential detached MLS® sales of of 7,927 were up 9% and the average price of $422,589 was up 5% when compared to last September. Condominium MLS® sales of 1,714 were up 10% and the average price of $277,196 was up 7% over last September. Year-to-date residential attached MLS® sales of 795 were up 17% and the average price of $363,622 was up 8% over last year.

​September 2024 outpaces the last two years, with year-to-date totals surpassing 2023

Winnipeg, October 8, 2024 – The real estate market results for September 2024 saw increases to All MLS® sales, and dollar volume when compared to last year and September 2022. 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 only condominiums saw an increase in active listings over last year. Three-quarter totals for 2024 saw increases to the number listings, MLS® sales, dollar volume and average prices over the three-quarter totals for 2023.​

• For September and through three quarters of 2024, 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 Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.

• While three quarter totals for residential detached MLS® sales in Winnipeg are 8% higher than in 2023, notably, many MLS® areas outside Winnipeg have seen double digit increases including the areas of Steinbach, Morden/Winkler, Gimli, and Niverville/Ritchot.

• There were 9 residential detached homes sold at or above $1 million in September, with the highest price at just over $3 million. September 2023 had 10 residential detached homes sold for over $1 million. Three quarter totals for 2024 show 114 residential detached homes sold at or above $1 million which contrasts with the 76 sold through three quarters of 2023.

• The $325,000 - $349,999 price range was the most active with 65 MLS® sales representing 7.4% of all residential detached MLS® sales in September. The second most active price range was $550,000-$599,999 which saw 64 MLS® sales, representing 7.2% of all residential detached MLS® sales in September.

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

• Through three quarters of 2024, Osborne Village also saw the most MLS® sales followed by Linden Woods.

• September saw 2024’s 5th condominium sold at or above $1 million, higher that the 2 sold through September 2023 and also higher than the 3 sold in all of 2023.

• The most active price range for condominiums was the $250,000 - $274,999 range with 25 MLS® sales in September which represents 14% of all condominium MLS® sales. The $200,000 - $224,999 was the second most active price range with 22 sales in September, representing 13% of all condominium MLS® sales.​

Source: Winnipeg Regional Real Estate Board.

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.

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.

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.

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.

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.

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 1^st 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 1^st 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 1^st 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.

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

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.

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

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.”​​

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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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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