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Winnipeg Real Estate Market Report

Winnipeg Real Estate
Market Report

October 2021

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Available Houses in Winnipeg
A total of 739 houses are available in Winnipeg, down slightly from the 751 last month, but a lot less than last year same time.

Sold Homes over the past month

Sales have dropped off a bit from the previous month, and from same time last year.
Could the market be cooling a little?

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There are fewer homes available for sale in this price range than last month, and a lot less than last year same time.  But sales are also lower than last year.
Here we see that the market is actually still hotter than last year.
Yes, fewer sales, but with available homes also down, the inventory levels drop....  the lower the number, the hotter the market

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We see a big jump of available homes in this price range from the previous month.

And sales have pulled back a little as well.  Cooling Market?
In this price range, the market HAS slowed from the previous month (August)  but is still slightly faster than September 2020.

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A total of 438 Condos are available in Winnipeg Oct 1st.

That is a drop from the 487 Condos for sale on Sept. 1st,  and way down from the 626 Condos available last year.
Condo Sales are keeping pace!
So while availability is down, sales ARE keeping pace with last month and last year.  Condos are experiences a renaissance, due to high housing prices.
Especially in the lower price ranges, inventory is down from the previous times, while sales are still about double what they were last year.
As you can see (the lower the bar, the hotter the market), September sales resulted in a 75-days of inventory, as opposed to 196 last year.
"Inventory Levels" is the answer to the question: "If no more listings came to the market right now, how long would it take to sell all the units that are out there, at todays rate of sale"

The lower the number, the hotter the market.
In the over $250K range, available condos are at the same number as last month, but down a lot from last year.
Sales are also nearly double from last year.  Hot market for condos
In a nutshell, the condo market is roughly twice as fast as it was last year.

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Historial Market Report

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