MARKET RELEASE MAY 2023
WINNIPEG, June 13, 2023– MLS® sales in May grew again over the previous month and made gains on the 5-year average. Meanwhile, active listings grew over last month, substantially over last year and inched up slightly over the 5-year average.
MLS® sales in May were 160% higher than January, 130% higher than February, 49% higher than March and 37% higher than April. Active MLS® listings in April were 45% higher than January, 34% higher than February, 21% higher than March and 14% higher than April.
Of the 1,066 residential-detached MLS® sales across our market region, 699 were in Winnipeg while the remaining 367 occurred in the rural areas outside Winnipeg. Of the 2,042 residential-detached active MLS® listings, 987 were in Winnipeg while 1,055 were in the rural areas outside Winnipeg.
Residential-detached homes made up 70% of all MLS® home sales in May. Southwest Winnipeg had the most sales within the city, representing 27% of all Winnipeg residential-detached home sales. The rural area outside Winnipeg represented 34% of all MLS® residential-detached home sales.
Of the 1,066 residential-detached MLS® sales across our market region, 699 were in Winnipeg while the remaining 367 occurred in the rural areas outside Winnipeg. Of the 2,042 residential-detached active MLS® listings, 987 were in Winnipeg while 1,055 were in the rural areas outside Winnipeg.
Residential-detached homes made up 70% of all MLS® home sales in May. Southwest Winnipeg had the most sales within the city, representing 27% of all Winnipeg residential-detached home sales. The rural area outside Winnipeg represented 34% of all MLS® residential-detached home sales.
The most residential-detached MLS® sales in May were in the $300,000 – $399,999 range with 285 which makes up 27% of the total 1,066 residential-detached homes sold.
Of the 223 total MLS® condominium sales across our market region in May, 180 were in Winnipeg and the remaining 43 occurred in the rural area outside Winnipeg. Of the 525 active listings for condominiums, 390 were in Winnipeg and 135 were in the rural area outside Winnipeg.
May MLS® sales for condominiums are the first of the three main property types of residential-detached, condominiums and residential attached, to rise above the 5-year average in 2023. At the same time, active listings for condominiums in May were the only one of the three property types that were below the 5-year average.
The most MLS® sales for condominiums in May was tied at 72 in the $100,000 – $199,999 range and the 200,000 – $299,999 range which each makes up 32% of the total 223 condominiums sold.
May MLS® sales for condominiums are the first of the three main property types of residential-detached, condominiums and residential attached, to rise above the 5-year average in 2023. At the same time, active listings for condominiums in May were the only one of the three property types that were below the 5-year average.
The most MLS® sales for condominiums in May was tied at 72 in the $100,000 – $199,999 range and the 200,000 – $299,999 range which each makes up 32% of the total 223 condominiums sold.
Of the 112 total MLS® residential attached home sales across our market region in May, 79 were in Winnipeg and the remaining 33 occurred in the rural area outside Winnipeg. Of the 266 active listings for residential attached homes, 163 were in Winnipeg and 103 were in the rural area outside Winnipeg.
Source: Winnipeg Regional Real Estate Board.
Source: Winnipeg Regional Real Estate Board.
I hope this post was helpful to you.
You can always contact me if you have any Real Estate questions.
You can always contact me if you have any Real Estate questions.