The Winnipeg Regional Real Estate Board produces a monthly report about the housing market of Winnipeg and its Metropolitan Region, including statistical analysis and year-over-year comparisons.
Archived editions of previous Winnipeg Regional Real Estate Board housing market reports can be found here.
While no panacea for some homebuyers depending on the neighbourhood and price ranges they are searching for, the good news in May isWinnipegREALTORS®’MLS® residential-detached listing inventory is in better shape going into June than it has been in a long time. Moreover, a good influx of new listings in early June bodes well for a healthier supply in the summer months. The same holds true for condominiums. You have to go back to May 2001 when supply is comparable to this year with over 2,000 residential-detached listings. Contrast this total with 2007, which had the busiest May and year on record, residential-detached listings for May were only 1,153. Similarly, there were 315 condominium listings at the end of May 2010 in sharp contrast to 174 at the end of May 2007...
WinnipegREALTORS® reported over 1,300 sales through theMLS®, only the second time in April when sales have reached this level. It was less than 3% off the 1,355 sales achieved in 2008. New listings of over 2,000 are the highest they have been for this month since 1998 and dollar volume eclipsed $300 million for the first time in April. It is only the fourth time in WinnipegREALTORS® 107-year history the monthly dollar volume level of $300 million has been attained and that was in back to back months in May and June of 2008 and in June 2009 when there were more sales...
Signs of spring are all around you. Real estate signs that is, as the Winnipeg real estate market got a head start on spring with listings, sales, and dollar volume all warming up to busier market conditions in March...
Besides resulting once again in another month where dollar volume sets a new record for the month as it was up 9% over the previous best dollar volume February in 2008, a significant development this month is a clear shift in overall residential-detached sales activity to price ranges over $200,000. Leading the way is the $200,000 to $249,999 price range where one out of every four homes sold in this category. Last February the same percentage of activity happened in the $150,000 to $199,999 price range. Overall, 56% of homes sold in February went for above $200,000. The under $100,000 sales dipped to only 8% in comparison to 11% in February 2009...
Despite MLS® sales being down less than 500 for the first time in 6 years, dollar volume continues to forge ahead as it crashed through the $100 million mark for the first time in the month of January. Helping bring this level up to a record total in January was a home sale worth $1,080,000. Last year WinnipegREALTORS® saw more million dollar plus sales than ever before at 14 (previous best was 2008 with 8 sales)...
Winnipeg’s MLS® market shook off early year recession concerns and another major flood to post a much better second half and end the year with a strong result. 2009 MLS® sales of 12,182 only take a back seat to the 2007 record-setting year of over 13,000 sales and to 2008 and 2006 where sales were 12,630 and 12,304 respectively. Considering in the early stages of 2009, MLS® sales were down as much as 12% and worked their way back to be off less than 4% is quite a come back. More impressive however is that MLS® dollar volume rebounded from being down 9% at the end of May to finish ahead by 2%, and in doing so, set an all time best MLS® dollar volume record just shy of $2.5 billion...
