Winnipeg Housing Market Report – Real Estate Market

𝗔𝗿𝗲 𝘄𝗲 𝗶𝗻 𝗮 𝗕𝘂𝘆𝗲𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁👫 𝗼𝗿 𝗮 𝗦𝗲𝗹𝗹𝗲𝗿𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 🏡? Good time to buy 🏘 or to sell 💵💸in Winnipeg ??? Current 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝘶𝘱𝘥𝘢𝘵𝘦𝘥 𝘦𝘷𝘦𝘳𝘺 𝘮𝘰𝘯𝘵𝘩🗓

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Winnipeg Housing Market Report for June 2021

Winnipeg Real Estate Housing Market Update May 2021

 

Winnipeg Real Estate Market Update April 2021

New for 2021 – Downloadable Market Update PDF

A new year, and a new way of learning about the Winnipeg Real Estate Market.  What follows is a downloadable, multi-media market update in PDF format.  Read it here, and if you are on a mobile device, please turn your phone sideways so you can experience the dual page layout.

This Winnipeg housing market report includes all areas in Winnipeg, plus Headingley and E.St. Paul.  The report focuses on all houses under $500,000 and ALL Condos in Winnipeg.

For the real estate report on higher price ranges, see our Luxury Homes Report, which is issued in the middle of every other month, starting with Jan. 18th, 2021.

Winnipeg Real Estate Report March 2021

 

Winnipeg Market Report for December 2020

Winnipeg Market Report for November 2020

Welcome to our custom Winnipeg Housing Market Report.  Each month we look at the numbers of available listings, sales and expired listings stats in Winnipeg‘s real estate market.  This report will include Winnipeg, E/St Paul and Headingley, and focus on homes in the 100K to 500K range.  This market update includes detached homes, attached homes (commonly known as side-by-sides) townhouses and mobile homes.  It relies on stats from the MLS® and Winnipeg REALTORS.

For more expensive homes, see our monthly Luxury Homes Report, and for condominiums, we issue a monthly Winnipeg Condo Market Report

 

Winnipeg Market Report for September 2020

Welcome to our custom Winnipeg Housing Market Report.  Each month we look at the numbers of available listings, sales and expired listings stats in Winnipeg‘s real estate market.  This report will include Winnipeg, E/St Paul and Headingley, and focus on homes in the 100K to 500K range.  This market update includes detached homes, attached homes (commonly known as side-by-sides) townhouses and mobile homes.  It relies on stats from the MLS® and Winnipeg REALTORS.

For more expensive homes, see our monthly Luxury Homes Report, and for condominiums, we issue a monthly Winnipeg Condo Market Report

Highlights for September Market in Winnipeg

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

 

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing MarketWinnipeg Housing Market Report - Real Estate Market Winnipeg Housing MarketWinnipeg Housing Market Report - Real Estate Market Winnipeg Housing MarketWinnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

 

Housing Market Report for August 2020

Just want the highlights?  Go here for a quick story.

Let’s start with the market highlights for the sales during the month of June.

During the month, we sold 782 houses in Winnipeg, which is lower than last month, but still an increase over last year.

The most expensive house sold was $2,90,000 in Tuxedo..  In fact there were 4 houses sold in the $1 Million + range in Tuxedo alone.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market
 
For previous months reports, click on down arrow 
 

Available Homes on August 1st 2020

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

As you can see, compared to last years’ 1,858 available houses, this year we only have 1,132…. creating a stronger sellers market.  But thats only have the bad news for  house buyers because….
 

Sales of houses are actually UP over last year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

In nearly all price ranges, this years’ sales are outpacing last years for the same time period in July.  In total, we sold 782 Houses in Winnipeg in July 2020, compared to 652 last year.
 

Days of Inventory: Measuring Market Pace

The lower the ‘Days of Inventory’ the hotter the market.  As you can see, again in all price ranges, this July was more of a sellers market than 2019.
 
The lower the number, the hotter the market.  in all price ranges the pace THIS year is faster than it was in the same period in 2019.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Summary: Buyer activity is UP over last year, but the available homes they can choose from are way down.  Great time to sell.  

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Housing Market Report for July 2020

During the month, we sold 861 houses in Winnipeg, which is not only higher than last month, but also an increase over last year.

The most expensive house sold was $1,450,000 in South Headingley.  In fact there were 4 houses sold in the $1 Million + range.

Market Sales Highlights for Winnipeg in June
 

Available Homes on July 1st 2020 are way down

Graph with available houses in July 2020
Graph with available houses in July 2020
As you can see, compared to last years’ 1,866 available houses, this year we only have 1,232…. pointing to a stronger sellers market.  But thats only have the bad news for  house buyers because….
 

Sales of houses are actually UP over last year.

Graph with SOLD statistics for Winnipeg Housing Market July 2020
Graph with SOLD statistics for Winnipeg Housing Market July 2020
In nearly all price ranges, this years’ sales are outpacing last years for the same time period in June.
 

Days of Inventory: Measuring Market Pace

The lower the ‘Days of Inventory’ the hotter the market.  As you can see, again in all price ranges, this June was more of a sellers market than 2019.
Graph showing the Days of Inventory of houses in Winnipeg
Graph showing the Days of Inventory of houses in Winnipeg
Summary: Buyer activity is UP over last year, but the available homes they can choose from are way down.  Great time to sell.  

 

 

Real Estate Market Update for June 2020

 

 

Market Highlights for May 2020

 

Market Highlights for April 2020

Here is an overview of sales during the entire month of April 2020

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

The most expensive house sold in April was for $1.19 Million in Tuxedo.  A total of 375 houses were sold, which is down from last months 503….and significantly lower than last years’ 558.

Currently, on May 1st, there are 1213 houses available in Winnipeg, which is down slightly from last year and from last month.  The bulk of available homes are in the $250,000 to $500K range.

Available house listings

As we can see, the number of entry level homes sold (93) is down a lot from last months 126, and even more over last years sale of 156. Both of the other two price ranges have experienced similar drops over last month and year.Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Looking at inventory levels, we can see that this is a very good buyers market in the entry level home category, with 92 days of inventory.  Luxury homes are now at 290 days…  great for buyers.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

How about home seller confidence?

Are sellers still listing their homes right now?  Check out these stats:  Only 698 new house listings came to the market during April, much lower than the 817 in March, and the 1144 in April 2019.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

What does this mean?  There are 1213 available homes, interest rates are near an all-time low…..  now is a great time to buy your first, or next home.

Market Highlights for March 2020

Here is an overview of the month of March

March 2020 market highlights

The most expensive home sold in March was in Assiniboine Woods, and sold for $1.1 Million.  A total of 503 houses were sold, which compares favorably against last month (439) and against last year same time (447)

Currently, on April 1st, there are 1249 houses available in Winnipeg, which is up slightly from last year and from last month.  The bulk of available homes are in the $250,000 to $500K range.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

As we can see, the number of entry level homes sold (126) was identical to the number sold last year.  The big increase came in the sales of homes bet. $250-$500k,  which jumped from 279 last year to 330 this year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Looking at inventory levels, we can see that this is a very good buyers market in the entry level home category, with 77 days of inventory.  

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

How about home seller confidence?

Are sellers still listing their homes right now?  Check out these stats:  The 1,018 new house listings is roughly 30% more than last month, and 25% over last year same time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

What does this mean?  There are lost of listings (1249), interest rates are near an all-time low…..  now is a great time to buy your first, or next home.

Market Highlights for January 2020

We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below

Lets take an overview of the January 2020 market:

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

As we can see, the number of available houses has dropped from 1420 in December to 1110 in January…..  the lowest point in over a year..

Sales have also dropped, from 351 to just 213.

We see the same in Condos, where both inventory and sales have dropped in double digit percentages

Let’s take a look at the individual categories and compare to last month, and also to last year same time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Entry level homes under $250,000 in price

As you can see, 312 available homes is a 24% decrease from over last month, and the same level as one year ago.  In fact, all price ranges have dropped in inventory when compared to December.

Sales of 69 of these homes is 34% less than last month, but actually up from last year by 8%

Inventory levels have shot up when compared to last month…….  a good sign for home buyers.

Mid-Range homes between $250-$500K

521 available homes in this price range is a 21% decrease over last month, and 6% Fewer homes than last year.

Sales (124 homes) have dropped by 40% over last month, but still slightly higher (2%) when compared to last year.

Inventory levels shot up by 30% from last month, and are still lower than last year..

Luxury Homes over $500K

277 homes available in the $500K+ plus range is a decrease (-21%) over last month, and 19% more than last year.

Sales of just 20 homes are a huge 48% drop from December, and also 17% off from last year.

Inventory levels are increase by 55% over last month, a great time to invest in your dream home.

Summary of the January Winnipeg Market

Lets look at what this means for each price category:

Entry level houses have gone into a Super Hot Buyers Market.  If you’re looking for a home in this price range, and if you can find one you like, now is the best time to buy!

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Mid-range priced homes have moved into a Super Hot Buyers Market.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Luxury homes are also in a Super Hot Buyers Market as well.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

 

Market Highlights for December 2019

This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below

Lets take an overview of the December market:

December Market for Winnipeg
December Market for Winnipeg

As we can see, the number of available houses has dropped from 1610 in November to 1420 in December…..  a 12% drop in inventory.

Sales have also dropped, from 428 to 351, a drop of 18%.

We see the same in Condos, where both inventory and sales have dropped in double digit percentages

Let’s take a look at the individual categories and compare to last month, and also to last year same time.

December Winnipeg Market

Entry level homes under $250,000 in price

As you can see, 410 available homes is a 8% decrease from over last month, and an 9% increase over last year at the same time.  In fact, all price ranges have dropped in inventory when compared to November this year.

Sales of 105 of these homes is 23% less than last month, and also down from last year by 10%

Inventory levels have shot up when compared to last month and last year…….  a good sign for home buyers.

Mid-Range homes between $250-$500K

695 available homes in this price range is a 13% decrease over last month, and 5% MORE than last year.

Sales (208 homes) have dropped by 17% over last month, but still higher by 6% when compared to last year.

Inventory levels remained very similar from last month and year over year.

Luxury Homes over $500K

351 homes available in the $500K+ plus range is a decrease (-5%) over last month, and a whopping 31% more than last year.

Sales kept pace by a slight 5% decrease over last month, but a huge increase over last year. (+51%)

Inventory levels are similar to November, but a hugh increase over 2018.

Summary of the December Winnipeg Market

Lets look at what this means for each price category:

Entry level houses have gone into a Super Hot Buyers Market.  If you’re looking for a home in this price range, and if you can find one you like, now is the best time to buy!

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Mid-range priced homes are, similar to last month, in a Hot Buyers Market.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Luxury homes remain in a Hot Buyers Market as well.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

 

Market Highlights for October 2019

This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below

Amp-Story: Winnipeg Real Estate Market Update

Lets take an overview of the October market:

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

As we can see, the number of available houses has dropped from 1945 in September to 1772 in October…..  a 10% drop in inventory.

Sales have kept pace, dropping about 7% from September

We see the same in Condos, where both inventory and sales have dropped in double digit percentages

Let’s take a look at the individual categories and compare to last month, and also to last year same time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Entry level homes under $250,000 in price

As you can see, 504 available homes is a 10% decrease from over last month, and an 8% increase over last year at the same time.  In fact, all price ranges have dropped in inventory when compared to September this year….   but for the most part have sold more than last year same month

Sales of 160 of these homes is virtually the same as last month, and also a 2% increase when compared to last year.

Mid-Range homes between $250-$500K

869 available homes in this price range is a 10% decrease over last month, and 5% less than last year.

Sales (347 homes) have dropped by 10% over last month, but still higher by 6% when compared to last year.

Luxury Homes over $500K

399 homes available in the $500K+ plus range is a decrease (5%) over last month, and 13% more than last year.

Sales kept pace by a slight 2% decrease over last month, but a huge increase over last year.

Summary of the October Winnipeg Market

Lets look at what this means for each price category:

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Market Highlights for September 2019

This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below

Amp-Story: Winnipeg Real Estate Market Update

Let’s take a look at the slide

Winnipeg Real Estate Market report - Housing Market Update

Entry level homes under $250,000 in price

As you can see, 555 available homes is a 1% decrease from over last month, and a 13% increase over last year at the same time. So about the same as last month, however quite a few more listings than the same time last year.

Sales of 159 of these homes is a significant 16% drop from, last month, and also a decrease of 2.5% when compared to last year.

Combine those stats and we see that 108 days of inventory is a 18% increase over last month, and a 16% increase over last year-same time.  Good news for buyers.

Mid-Range homes between $250-$500K

970 available homes in this price range is a 4% increase over last month, and 1% more than last year.

Since sales (383 homes) have dropped by 11% over last month, this spells a b9it of relief for bidding-war weary buyers.   

Luxury Homes over $500K

This is turning into a very strong buyers market in Winnipeg. 420 homes available in the $500K+ plus range is a further increase (2%) over last month, and 13% more than last year.

Sales kept pace by an 11% increase over August, to 50 homes SOLD in this price range.  Still 4% slower than last year.

Summary of the September Winnipeg Market

Lets look at what this means for each price category:

Winnipeg Real Estate Market report - Housing Market Update

Winnipeg Real Estate Market report - Housing Market Update

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

 

MARKET HIGHLIGHTS FOR JULY 2019

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

AVAILABLE LISTINGS BETWEEN $100K AND $250,000

Currently, in mid-July` 2019, there are 490 homes in this price range for sale in Winnipeg, an increase from the 486 in June, and also up from the 450 last year this time.

SOLD IN THE PAST 30 DAYS

Over the past month, Winnipeg REALTORS® have sold just 188 homes in this range, a further drop from last month, and about the same as last year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

DAYS OF INVENTORY

DESCRIPTION: THIS IS THE NUMBER OF DAYS IT WOULD TAKE TO SELL ALL REMAINING HOMES AT THE CURRENT RATE OF SALE, IF NO NEW LISTINGS WERE TO COME TO MARKET.  HERE, THE LOWER THE NUMBER, THE HOTTER THE WINNIPEG HOUSING MARKET.

The current number of days of inventory in this entry-level price range in now at 78 days, four days longer than last month, and 6 days slower than last year this same time.

EXPIRED LISTINGS IN THE PAST MONTH

Over the past month, 119 listings have expired, compared to 77 last month, and 87 the same time a year ago.  Is your home among the ‘expired listings’?  Let’s fix that!

NEWLY LISTED HOMES IN THE PAST MONTH

Another indicator of market strength.  In the past month, 343 new listings have hit the MLS, which is up from last month and last year..


AVAILABLE HOUSE LISTINGS BETWEEN $250K AND $500K

Currently there are 945 houses listed for sale in this range, a further increase from last month (934), and 15% more than last year same time.  It’s still a good time to buy, but for how much longer?

SOLD IN THE PAST 31 DAYS

Over the past month, Winnipeg Real Estate agents have sold 413 homes in this price range, down from the 504 sold in June, and down slightly from the amount sold last year this time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

DAYS OF INVENTORY

The current number of days of inventory in this mid-level price range jumps to 69 days, 12 days slower than last month (and last year).  The reason is that the number of listings are outpacing the number of sales.

EXPIRED LISTINGS IN THE PAST MONTH

Over the past month, a total of 154 home listings have expired or have been withdrawn from the market, more than last month and last year.  Whats the root cause of ‘expired listings’….   we know what causes this!

NEWLY LISTED HOMES IN THE PAST MONTH

In the past month, 687 new listings have hit the Winnipeg Real Estate MLS®, down significantly over last month (860), and up slightly from last year.

Thinking of selling your home?  Call me for a market evaluation, and let’s get your home SOLD!

MARKET HIGHLIGHTS FOR June 2019

Winnipeg Housing Market Report

AVAILABLE LISTINGS BETWEEN $100K AND $250,000Currently, in mid-June 2019, there are 486 homes in this price range for sale in Winnipeg, an increase from the 444 in May, and also up from the 474 last year this time.

SOLD IN THE PAST 31 DAYS

Over the past month, Winnipeg REALTORS® have sold just 203 homes in this range, up from last month, and about the same as last year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

DAYS OF INVENTORY

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the Winnipeg housing market.

The current number of days of inventory in this entry-level price range in now at 74 days, three days longer than last month, but still faster than last year (71).

EXPIRED LISTINGS IN THE PAST MONTH

Over the past month, 77 listings have expired, compared to 64 last month, and 87 the same time a year ago.  Is your home among the ‘expired listings’?  Let’s fix that!

NEWLY LISTED HOMES IN THE PAST MONTH

Another indicator of market strength.  In the past month, 339 new listings have hit the MLS, which is down from last month and last year..


AVAILABLE HOUSE LISTINGS BETWEEN $250K AND $500K

Currently there are 934 houses listed for sale in this range, a HUGE jump from last month (778), and 15% more than last year same time.  It’s still a good time to buy, but for how much longer?

SOLD IN THE PAST 31 DAYS

Over the past month, Winnipeg Real Estate agents have sold 504 homes in this price range, up from the 487 sold in May, and down slightly from the amount sold last year this time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

DAYS OF INVENTORY

The current number of days of inventory in this mid-level price range jumps to 57 days, 9 days slower than last month (and last year).  The reason is that the number of listings are outpacing the number of sales.

EXPIRED LISTINGS IN THE PAST MONTH

Over the past month, a total of 128 home listings have expired or have been withdrawn from the market, about the same as last month, and as last year.  Whats the root cause of ‘expired listings’….   we know what causes this!

NEWLY LISTED HOMES IN THE PAST MONTH

In the past month, 860 new listings have hit the Winnipeg Real Estate MLS®, up significantly over last month (780), and also up from last year.

Thinking of selling your home?  Call me for a market evaluation, and let’s get your home SOLD!

Market Highlights for May 2019

Slide showing the market highlights for May 2019 in Winnipeg

Available Listings between $100K and $250,000

Currently, in mid-May 2019, there are 444 homes in this price range for sale in Winnipeg, an increase from the 363 in April, and also up from the 379 last year this time.

Sold in the Past 30 days

Over the past month, Winnipeg REALTORS® have sold just 187 homes in this range, up from last month, and about the same as last year.

 

SLide showing sales and listings of entry level homes in May 2019 in Winnipeg

Days of Inventory

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the market.

The current number of days of inventory in this entry-level price range in now at 71 days, one day faster than last month, but still slower than last year (62).

Expired Listings in the past month

Over the past month, 64 listings have expired, compared to 73 last month, and 64 the same time a year ago.  Is your home among the ‘expired listings’?  Let’s fix that!

Newly Listed Homes in the past month

Another indicator of market strength.  In the past month, 364 new listings have hit the MLS, which is up from last month and last year..

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Available House Listings between $250K and $500K

Currently there are 778 houses listed for sale in this range, more than last month (694), and 10% more than last May..  It’s still a good time to buy, but for how much longer?

Sold in the Past 30 days

Over the past month, Winnipeg Real Estate agents have sold 487 homes in this price range, up significantly from the 357 sold in April, and very close to the amount sold last year this time.

Slide showing sales and listings of mid-range homes in Winnipeg in May 2019


Days of Inventory

The current number of days of inventory in this mid-level price range stands at 48 days, a huge drop from last month, but 5 days slower than last year.  The reason is that we have more listings, but also more sales.

Expired Listings in the past month

Over the past month, a total of 127 home listings have expired or have been withdrawn from the market, up from the 115 which expired the previous month.  Whats the root cause of ‘expired listings’….   we know what causes this!

Newly Listed Homes in the past month

In the past month, 780 new listings have hit the Winnipeg Real Estate MLS®, up significantly over last month (653), and also up from last year.

Thinking of selling your home?  Call me for a market evaluation, and let’s get your home SOLD!

Winnipeg Housing Market Report for April 2019

Market Highlights for April 2019

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Available Listings between $100K and $250,000

Currently, in mid-April 2019, there are 363 homes in this price range for sale in Winnipeg, an increase from the 302 in March, and also up from the 310 last year this time.

Sold in the Past 31 days

Over the past month, Winnipeg REALTORS® have sold just 156 homes in this range, up from last month, as well as last year.

 

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Days of Inventory

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the market.

The current number of days of inventory in this entry-level price range in now at 72 days, a slower pace than last month (67) and slower than last year (also 67).

Expired Listings in the past month

Over the past month, 73 listings have expired, compared to 50 last month, and 55 the same time a year ago.  Is your home among the ‘expired listings’?  Let’s fix that!

Newly Listed Homes in the past month

Another indicator of market strength.  In the past month, 307 new listings have hit the MLS, which is up from last month and last year..

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Available House Listings between $250K and $500K

Currently there are 694 houses listed for sale in this range, about 16%  more than last month, and 10% more than last January..  It’s still a good time to buy, but for how much longer?

Sold in the Past 31 days

Over the past month, Winnipeg Real Estate agents have sold 357 homes in this price range, up from the 279 sold in March and a little more than last year this time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market


Days of Inventory

The current number of days of inventory in this mid-level price range stands at 60 days, same as last month, and very similar to last year.  The reason is that we have more listings, but also more sales.

Expired Listings in the past month

Over the past month, a total of 115 home listings have expired or have been withdrawn from the market, up from the 93 which expired the previous month.  Whats the root cause of ‘expired listings’….   we know what causes this!

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Newly Listed Homes in the past month

In the past month, 653 new listings have hit the Winnipeg Real Estate MLS®, up significantly (about 40%) over last month, and also up from last year.

Thinking of selling your home?  Call me for a market evaluation, and let’s get your home SOLD!

Winnipeg Market Report for February 2019

This months report comes in the form of video (4min). I hope you enjoy!

https://www.youtube.com/watch?v=X2vz7NT1VP0

Bo Kauffmann: This is Bo Kauffmann, Remax performance realty, your residential real estate specialist in Winnipeg looking after buyers and sellers of houses and condos. So it’s mid February, 2019 and I’m going to take a look at the Winnipeg real estate market right now. What I do is I take a look at how many houses and condos are available and how many are being sold in any given one month period and we compare that to last month and there’ll be compared to last year. If you’re watching this on youtube, do me a huge favour and just take a second to hit the subscribe button down below that will, you’ll get notified every time I do one of these updates. I don’t just do market reports. I also give tips for buyers and sellers at anytime. Bo Kauffmann: Let’s start by looking at houses available on the market. These are houses under $250,000 mid February we have 282 available. Bo Kauffmann: Compare that to last month where we had 314 so I should, the inventory has dropped by about 10% so there’s fewer homes available. Still a few more than last year though, but let’s take a look at sales. Over the past month we’ve sold 120 the previous month we sold 64 so sales have doubled and inventory has dropped. Now it’s really good time to list your house, especially if it’s an in the under $250,000 mark houses between a quarter and a half a million dollars when a pay right now has 526 available compared to five 52 the previous month. So again, a drop in inventory about 5% and sales this month we sold 191 of those previous month, 121 50% increase in sales, but a slight drop in inventory. Also a good time to list right now luxury homes over a half a million dollars. We’ve got 261 available, which is up actually from last month. Last month was two 33 but sales have also doubled 28 this month as opposed to 15 last month compared to last year. Bo Kauffmann: Uh, we had, we sold 30 luxury homes last year, 28 this year. So it’s kind of on track. As far as condos go under a quarter million, we have 311 available, which is almost the same as last month. Last month was three Oh seven, but for sales we’ve sold 52 condos under a quarter million as opposed to last month 24 so sales have more than doubled. Inventories have been steady. So the condo market, which is lagging really far behind the housing market, it is a much slower market, but it is starting to pick up condos, quarter million and up we have 262 in Winnipeg. Last month was two 43 so we have roughly 20 more condos, but we’ve doubled the sales as well. We sold 20 this month as opposed to 10 last month. Now what do all these numbers mean I’ll summarize right after this message. So as we can see by those numbers, inventory is down and sales are up almost double over last month. Bo Kauffmann: So what we’re seeing here is the traditional start of the spring market. Buyers are starting to come out and a seller’s leg usually like a little bit behind. So if you’ve got a house to sell in Winnipeg, now is the time to start contacting a real estate agent. Give you an idea of what, what, if anything needs to be done to the house to make it sure worthy and a, I’m available for that. Please give me a call anytime. And just for fun, let’s have a look at the most expensive houses and condos sold in the past 30 days. 1.25 $5 million house was sold and Charles Wood and a $755,000 condo was sold in North Caledonia. So to quickly summarize, we’ve got 1,069 houses available for sale, which is down from last month. And we sold 339 houses, which is roughly a 70% increase over last month for condos. We have 573 which is slightly up from last month, but we sold 72 which is more than double last month. ..

Winnipeg Market Report for January 2019

Market Highlights for January 2019

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Available Listings between $100K and $250,000

Currently, in January 2019, there are 300 homes in this price range for sale in Winnipeg, a decrease from the 375 in December, and but still more than the 260 last year this time.

Sold in the Past 31 days

Over the past month, Winnipeg REALTORS® have sold just 64 homes in this range, down from last month, as well as last year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Days of Inventory

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the Winnipeg housing market.

The current number of days of inventory in this entry-level price range in now at 145 days, a slower pace than last month (96) and slower than last year (110).

Expired Listings in the past month

Over the past month, 129 listings have expired, compared to 98 last month, and 97 the same time a year ago.

Newly Listed Homes in the past month

Another indicator of market strength.  In the past month, 143 new listings have hit the MLS, which is down from last month and last year..

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Available House Listings between $250K and $500K

Currently there are 552 houses listed for sale in this range, about 18%  less than last month, and significantly more than last January..  It’s still a good time to buy, but for how much longer?

Sold in the Past 31 days

Over the past month, Winnipeg Real Estate agents have sold 121 homes in this price range, down from the 196 sold in December 2018 and actually more than last year this time.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market


Days of Inventory

The current number of days of inventory in this mid-level price range stands at 141 days, slower than last month, and also down from last year.

Expired Listings in the past month

Over the past month, a total of 211 home listings have expired or have been withdrawn from the market, up from the 173 which expired the previous month.  Whats the root cause of ‘expired listings’….   we know what causes this!

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Newly Listed Homes in the past month

In the past month, 270 new listings have hit the Winnipeg Real Estate MLS®, about the same as the previous period, and and quite a bit more than the 205 listed a year ago..

Thinking of selling your home?  Call me for a market evaluation, and lets get your home SOLD!

Winnipeg Real Estate Market Report December 2018

This month, instead of a long text post, I’ve placed all the info in this video.  Please let me know which version you prefer, text post or video?

https://www.youtube.com/embed/2L8C0np08Wc

Winnipeg Housing Market Report for November 2018

Market Highlights for November 2018

November 2018 Market Highlights for Winnipeg
November 2018 Market Highlights for Winnipeg

Available Listings between $100K and $250,000

Currently, in November 2018, there are 416 homes in this price range for sale in Winnipeg, a decrease from the 468 in October, and slightly less than the 430 last year.

Sold in the Past 31 days

Over the past month, Winnipeg REALTORS® have sold 165 homes in this range, not a significant change from last month or last year.

November 2018 Winnipeg Real Estate Entry Level Homes
November 2018 Winnipeg Real Estate Entry Level Homes

Days of Inventory

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the Winnipeg market.

The current number of days of inventory in this entry-level price range in now at 78 days, a little faster than last month, and identical to last year.

Newly Listed Homes in the past month

Another indicator of market strength.  In the past month, 250 new listings have hit the MLS, which is down about 17% from last month, and about the same as October 2017.

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Expired Listings in the past month

Over the past month, 125 listings have expired, compared to 132 last month, and 108 the same time in 2017.

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Available House Listings between $250K and $500K

Currently there are 806 houses listed for sale in this range, about 15%  less than last month, and significantly more than last year this time.  Its still a good time to buy, but for how much longer?

Sold in the Past 31 days

Over the past month, Winnipeg Real Estate agents have sold 276 homes in this price range, down from the 326 sold in October 2018 and in about 10% fewer than in November 2017.

Winnipeg Real Estate Market for mid-range houses in November 2018
Winnipeg Real Estate Market for mid-range houses in November 2018


Days of Inventory

The current number of days of inventory in this entry-level price range stands at 90 days, a little slower than last month, and quite a bit slower than last year in November.

Newly Listed Homes in the past month

In the past month, 423 new listings have hit the Winnipeg Real Estate MLS®, less than the 567 listed in October, and 672 listed in Sept. 2018, and about the same as the 430 listed in November of last year.  It looks like new listings are starting to slow down now.

Expired Listings in the past month

Over the past month, a total of 221 home listings have expired or have been withdrawn from the market, up from the 217 which expired the previous month.  Whats the root cause of ‘expired listings’….   we know what causes this!

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We are entering the fall market, and it’s looking like opportunities for home buyers.  Available homes are up, competition is down, NOW is the time to buy.

Thinking of selling your home?  Call me for a market evaluation, and lets get your home SOLD!

ADD_THIS_TEXT

Be sure to real my Ultimate Guide To Selling Your Home.

 

Winnipeg Housing Market Report for October 2018

Market Highlights for October 2018

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Available Listings between $100K and $250,000

Currently, in October 2018, there are 468 homes in this price range for sale in Winnipeg, a decrease from the 489 in September, and nearly the same as the 471 available last year.

Sold in the Past 31 days

Over the past month, Winnipeg REALTORS® have sold 156 homes in this range, down slightly over last month, and also down from last year.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market

Days of Inventory

Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market.  Here, the lower the number, the hotter the housing market.

The current number of days of inventory in this entry-level price range in now at 90 days, a little faster than last month, and slower than last year.

Newly Listed Homes in the past month

Another indicator of market strength.  In the past month, 3291 new listings have hit the MLS, which is slightly less than last month, and down from 2017.

[interact id=”596ea953117648001129e6ab” type=”poll”]

Expired Listings in the past month

Over the past month, 132 listings have expired, more than the 104 of last month and more than the 114 of last year.

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Available House Listings between $250K and $500K

Currently there are 922 houses listed for sale in this range, about 40 less than last month, and significantly more than last year this time.  Can you say “buyers market”?

Sold in the Past 31 days

Over the past month, Winnipeg Real Estate agents have sold 326 homes in this price range, down from the 349 sold in September 2018 and in about 10% more than in October 2017.

Winnipeg Housing Market Report - Real Estate Market Winnipeg Housing Market


Days of Inventory

The current number of days of inventory in this entry-level price range stands at 85 days, identical to last month, and quite a bit slower than last year in October.

Newly Listed Homes in the past month

In the past month, 567 new listings have hit the Winnipeg Real Estate MLS®, less than the 672 listed in Sept. 2018, and more than the 507 listed in October of last year.  Higher inventory (available homes)  spells ‘opportunity’ for buyers.

Expired Listings in the past month

Over the past month, a total of 217 home listings have expired or have been withdrawn from the market, up from the 180 which expired the previous month.  Whats the root cause of ‘expired listings’….   we know what causes this!

ADD_THIS_TEXT

We are entering the fall market, and it’s looking like opportunities for home buyers.  Available homes are up, competition is down, NOW is the time to buy.

Thinking of selling your home?  Call me for a market evaluation, and lets get your home SOLD!

ADD_THIS_TEXT

Be sure to real my Ultimate Guide To Selling Your Home.

https://www.youtube.com/watch?v=BlNCfCxx9Oo

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34 COMMENTS

  1. Hi there,
    I have a studio condo in the Exchange District, which I tried to sell about a year ago. Very few people showed any interest in the condo. The photo spread was great, and I was in another province so private access was never an issue. We even lowered the price!! Yet, no takers.
    Can you tell me if there is a growth in the sale of condos and if prices are increasing, decreasing or staying the same.
    Thanks!
    Paul

    • Hi Paul…. please keep in mind that the ‘condo market’ question is a multi-facet issue. Speaking in general terms, condos have remained fairly level in pricing (not increasing at the same rate as houses). to make matters worse, it has been my personal experience that newly built, or newly updated condos, tend to drop in value shortly after they are purchased. Its a similar situation to buying a new car…..drive it off the lot and what happens?

  2. I am not sure what is this all about. Is this only about the property, or some ways we can make some extra cash or something? Let me know please.

  3. I can see that Winnipeg’s Real Estate Market is doing pretty good. There are many units being bought and there’s also units available for a good price.

  4. I Do not know if this is applicable in the market of my country. However, I would not mind seeing a report like this because it can guide me.

  5. Good article on buying and selling real estate in Winnipeg. And it’s RE/MAX. I’ve worked with RE/MAX before for my renting needs and they did a pretty fine job with organizing my move in.

  6. I love how informative this report is. I’m not into real estate but I was able to understand everything perfectly.

  7. Wow this is so detailed! So the highest house ever sold was $1.2 million. Very cool indeed.

  8. Thanks a lot for this information! This is really a big help for everybody who’s into buying or selling. This article is really informative and substantial.

  9. This article is helpful especially for those new to the world of buying / selling real estate, there is a moment in the year to buy and sell respectively if we do not seize the right moment only have lost.

  10. I have many things to consider about this, specially the month for buy and sell. This information is so helpful to me, thanks!!

  11. What does this figures mean? Sorry to sound innocent but I am new to this article.

  12. I agree but these is not applicable to me so, I do not know what to say. Love to take a look though.

  13. This is very helpful. For those who are still renting, this is the chance for you to check these figures. Better decide purchasing your own house instead of continuing to rent so that you can save more money.

  14. Wow this is so detailed! Very helpful for those who are looking for a place to stay.

  15. Wow! Judging from those figures, it looks like you’ve had a great month. Keep up the good work.

Comments are closed.