MARKET RELEASE JUNE 2023

Total MLS® sales for the first half of 2023 were at 6,468 which is 19% below the first half of 2022 and 15% below the 5-year average. Notably, however, first-half MLS® sales were similar to the years leading up to the pandemic with results that were only 5% below the 5-year average of 2015-2019.

The number of MLS® listings for the first half of 2023 came in at 11,904 which is 2% above the first half of 2022 and 6% below the 5-year average.

Of the 1,133 residential detached MLS® sales across our market region, 774 were in Winnipeg while the remaining 359 occurred in the rural areas outside Winnipeg. Of the 2,174 residential detached active MLS® listings, 984 were in Winnipeg while 1,190 were in the rural areas outside Winnipeg.

The average price for a residential-detached home fell 2% over June of last year but is up 9% over the 5-year average. Meanwhile, the average price for the first half of 2023 is down 8% over the first half of 2022 but is up 7% over the 5-year average.

Residential-detached MLS® sales saw 58% sold under list price compared to the 37% that sold under list in June 2022.

Residential-detached homes made up 70% of all MLS® sales in June. Southwest Winnipeg had the most sales within the city, representing 21% of all Winnipeg residential-detached home sales. The rural area outside Winnipeg represented 32% of all MLS® residential-detached home sales.

Of the 251 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in June, 210 were in Winnipeg and the remaining 41 occurred in the rural area outside Winnipeg. Of the 468 active listings for condominiums, 348 were in Winnipeg and 120 were in the rural areas outside Winnipeg.

The average price for a condominium in June was 7% below June of 2022 and even with the 5-year average. The average price in the first half of 2023 was 3% below the first half of 2022 and 3% higher than the 5-year average.

MLS® condominium sales saw 69% sold under list price compared to the 46% that sold under list in June 2022.

Southwest Winnipeg led the way in MLS® condominium sales, with the most sales coming in the Osborne Village/Crescentwood neighborhood.

Of the 110 total MLS® residential attached home sales in June, 81 were in Winnipeg and the remaining 29 occurred in the rural areas outside Winnipeg. Of the 279 active listings for residential attached homes, 165 were in Winnipeg and 114 were in the rural areas outside Winnipeg.