Great time for home buyers in Winnipeg
In the video below, the President of Winnipeg REALTORS® reports on the current real estate market condition. These reports tend to be a little dry and technical, using such terminology as “22% more inventory than the 10-year average”, etc etc…. but it all boils down to one undeniable fact: Winnipeg has entered a bit of a buyers market. How long this current condition will last is unclear. We’ve had little ‘mini buyers-markets’ before, and they only lasted a few months. Inventory of listed homes dried up and remaining homes sold, often to multiple offers once again. Some of us are blaming the late start of the spring and summer, which meant that many home sellers waited for nicer weather before listing their homes.
Our current interest rates are still some of the lowest EVER, and economic conditions are great. Add to this an abundance of homes and condos for sale, and that all adds up to a great opportunity for first-time home buyers, or anyone looking to move UP to a larger home.
Lots of Listings available in Winnipeg
How many homes are available right now? In Winnipeg alone, we have approximately 1650 houses and over 600 condos for sale at this time, some of the highest numbers in the past 5 years. Here are some links to some house and condo listings in Winnipeg
Residential Home Listings in Winnipeg
Luxury Homes in Winnipeg
If you’re looking to buy (or sell) a home in Winnipeg, please call me anytime… Bo at Remax Performance. (204) 333-2202 .