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MARKET RELEASE APRIL 2023

MARKET RELEASE APRIL 2023

WINNIPEG, August 9, 2023– July MLS® sales decreased from June, last July and the 5-year average. Active MLS® listings rose from last month, last July and to slightly above the 5-year average.

Winnipeg and Steinbach Realtor Debunking Myths

All MLS® sales in July were 15% below June, 11% below July of 2022 and 14% below the 5-year average. Of note, MLS® sales performance for July were 2% below the 5-year average of Julys from 2015-2019 before the pandemic began. Active MLS® listings on the other hand, were up 3% from June, 16% up from last July and statistically even with the 5-year average.

Of the 971 residential detached MLS® sales across our market region, 623 were in Winnipeg while the remaining 348 occurred in the areas outside of Winnipeg. Of the 2,257 residential detached active MLS® listings, 1,062 were in Winnipeg while 1,195 were in the areas outside Winnipeg.

The average price for a residential detached home rose 2% over last July and is up 9% over the 5-year average.

Of the 202 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in July, 175 were in Winnipeg and the remaining 27 occurred in the area outside of Winnipeg. Of the 489 active listings for condominiums, 357 were in Winnipeg and 132 were in the areas outside of Winnipeg.

The average price for a condominium in July was 6% below July of 2022 and even with the 5-year average.

Of the 202 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in July, 175 were in Winnipeg and the remaining 27 occurred in the area outside of Winnipeg. Of the 489 active listings for condominiums, 357 were in Winnipeg and 132 were in the areas outside of Winnipeg.

The average price for a condominium in July was 6% below July of 2022 and even with the 5-year average.

Source: Winnipeg Regional Real Estate Board.

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