MARKET RELEASE JANUARY 2023

WINNIPEG, February 8, 2022– As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they’ve been for most of the pandemic but more in line with pre-pandemic January results.

Winnipeg and Steinbach Realtor Debunking Myths

Winnipeg Regional Real Estate Board’s MLS® January 2023 data marks the seventh consecutive month that the percentage increase in active listings has grown over the same month from last year. As an example, over the last 3 months, November’s active listings were 53% higher than the previous November and December was 55% higher than the previous December. The active listings for January 2023 are 69% higher than last January. Total January MLS® sales of 582 in our market region are down 16% from last January’s 690 and down 19% over the 5-year average of 715. Total MLS® inventory of 2,811 for this month is 69% above last January’s 1,664 and only 4% down from the 5-year average of 2,928.

Residential detached homes had MLS® sales of 392 which are down 4% from last January’s 407 and 17% down from the 5-year average of 473.


Residential detached homes saw MLS® inventory of 1,296 which is up more than twofold at 108% over last January’s 622 and only 3% below the 5-year average of 1,331.


The average price of a residential detached home in January was $367,977 which is 8% below last January’s $401,216 but 6% above the 5-year average of $347,472.


MLS® sales for condominiums of 90 in January were 27% lower than last January’s 124 and 9% below the 5-year average of 99.


MLS® inventory for condominiums of 372 is up 21% over last January’s 308 and 26% below the 5-year average of 504.​


The average price of a condominium in January was $231,549 which is 8% below last January’s $251,629 but 3% above the 5-year average of $224,598.


MLS® sales for residential attached homes of 36 in January were 36% lower than last January’s 56 and 35% below the 5-year average of 55.


MLS® inventory for residential attached homes of 233 is up 140% over last January’s 97 and 44% above the 5-year average of 162.


The average price of a residential attached home in January was $330,998 which is 2% above last January’s $323,852 and 14% above the 5-year average of $290,026.


The price range up to $249,999 was the most active residential real estate category in January with 104 MLS® sales which represents 27% of all sales. January’s highest priced sale was $1,450,000 and the lowest was at $30,000.

Vanguard Real Estate Ltd.
Source: Winnipeg Regional Real Estate Board.

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