February 2023 Regional MLS® Inventory Building for Spring Market
MLS® inventory in February was higher than the previous pandemic Februarys of 2021 and 2022, while MLS® sales were lower than the record Februarys of the same timeframe.
Archived Market Releases
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.
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Winnipeg Regional Real Estate Market Balances Out For More Choice
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.
Strong finish despite slowing 2nd half of 2022 MLS® sales
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.
Local Real Estate Market transitioning toward market stabilization
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.
MLS® sales activity falling more in line with pre-pandemic levels
A slowing MLS® sales trend took root in October 2022 with sales down from October 2021.
Slower September MLS® sales move market towards balance
September 2022 sales are no match for the last two exceptionally active Septembers as sales decreased 20% and 32% from 2021 and 2020 respectively.
August MLS® sales of 1,375 drop off from July and previous August months
August MLS® sales activity showed a drop off from July and previous August months in the last few years.
July 2022 MLS® shows moderation in detached-home prices
July was a clear departure from previous months in indicating single-family home pricing peaked in May
June market delivers strong result at just under 1,800 MLS® sales
June is the fourth consecutive month with increased MLS® sales in a year where the spring market has seen a delay when comparing the same months in previous years.
May finishes strong with more sales, listings and dollar volume
This past May - with the exception of the over 2,000 sales transacted in May 2021 - was an outstanding month as it outperformed every other May previously. The 1,723 sales were a decrease of 14% from the same month in 2021 but are up 4% over the 5-year average.