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."
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ABOUT THE WINNIPEG REGIONAL REAL ESTATE BOARD
Serving Members since 1903, the Winnipeg Regional Real Estate Board is one of Canada’s longest running real estate board, serving over 2,400 licensed residential and commercial real estate Brokers and Salespersons, along with other industry-related professions. REALTOR® Members of the Winnipeg Regional Real Estate Board utilize the Multiple Listing Service (MLS®) to put the housing market in perspective for those looking to buy or sell a home. REALTORS® can explain market insights, price trends, provide comparable property analysis and housing trends. To find a REALTOR® or to view a map of MLS® listings, visit www.winnipegregionalrealestatenews.com.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
Media Inquiries:
Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board
media@wrreb.ca
Office: 204-786-8857