WINNIPEGREALTORS® PRESS RELEASE, June 4, 2020
WINNIPEG - Sales of 1,377 decreased 19% in May compared to the same month last year while just over $400 million worth of dollar volume transactions fell 23% compared to May 2019. The 2,428 new listings entered in May were down 21% from last year. There are still 4,621 listings available for sale in June.
“May market activity was clearly impacted by COVID-19 at the outset of May with MLS® sales down similar to the 30% drop off in April sales by mid-month,” said Catherine Schellenberg, president of WinnipegREALTORS®. “It is worth noting however that recovery took hold in the second half of the month with sales from May 20-26th actually outpacing the number recorded the same week in May 2019. Listings also saw an improvement over April with the percentage decline cut in half.”
Year-to-date MLS® sales are at 4,884, less than 8% off the pace set in 2019 while dollar volume of $1.44 billion is down close...
WINNIPEGREALTORS® PRESS RELEASE, May 7, 2020
WINNIPEG - Following the best first quarter market results in WinnipegREALTORS® history, the shutdown of the economy to flatten COVID-19 put the brakes on the market with a reduction in sales and listings.
Multiple Listing Service® sales of 851 were down 30% while the 1,568 new listings entered on the market in April decreased 42% in comparison to April 2019. A number of prospective sellers and buyers took a wait and see approach to what usually is a big jump in activity to kick off the spring market. Overall inventory of listings available for sale remain at a healthy level of 4,466, slightly down 3% from the 5-year average.
Despite this monthly dip in sales, year-to-date sales of 3,511 are just 2% behind the same period in 2019 and 3% down from the 5-year average. Year-to-date dollar volume of just over $1 billion is down 3% from 2019. Similar to sales, dollar volume was off to its fastest three month start with close to...
As you have seen the from the first three (January, February and March) monthly market reports from the WinnipegREALTORS® Association, the real estate market in the Winnipeg Metro Region started strong in 2020.
But as always, I emphasize that these monthly reports are general, overall monthly market statistics for the entire region and for a variety of property types.
Given what is occurring in the world right now with the COVID-19 pandemic and the economic slowdown, I felt it appropriate to supplement the monthly report with more details as to market conditions within a more specific geographic area and as it pertains to specific property types.
If we look at the city of Winnipeg only, the residential (single family homes, SxS’s, town homes, etc.) MLS® market numbers for the entire month of March look reasonably healthy . . . new listings up 1.4% over the previous year and sales down only 3.4%. Pretty remarkable given all that is going on in the world right now.
But if we...
WINNIPEGREALTORS® PRESS RELEASE, APRIL 6, 2020
WINNIPEG - March finished off a strong first quarter of sales activity with 1,089 sales, an 8 % increase over March 2019. First quarter MLS® sales rose 12% over the same period in 2019.
MLS® stands for the Multiple Listing Service®. It is a cooperative real estate selling system operated and promoted by WinnipegREALTORS® that includes an up to date inventory of listings from participating REALTORS®.
MLS® new listings entered on the market in March fell 2% in comparison to March 2019 but remained up nearly 6% for the first three months. Active listings or available listings at end of March of 4,723 remain above previous years with a 12% jump over the same time last year and the same percentage rise over the 5-year average.
“Our first quarter has been consistently solid every month,” said Catherine Schellenberg, president of WinnipegREALTORS®. “Buyers have been taking advantage of affordable...
WINNIPEGREALTORS® PRESS RELEASE, MARCH 6, 2020
WINNIPEG - MLS® sales activity in February replicated January’s 15% increase resulting in 837 sales. The extra day helped as the only other year to see sales rise above 800 in February was in the 2016 leap year. Dollar volume of $236 million was not as strong with a 10% increase over February 2019.
The over 1,700 new listings entered on MLS® is an indicator of early year enthusiasm as are up 18% over the same month last year. This keeps the local market well supplied with 4,266 active listings available for sale in March. The big difference from year to year is in residential-detached listings as they rose 22% over February 2019 while condominium listings entered were slightly down.
As a result, total MLS® inventory is sitting at just over 5 months based on current sales activity.
“It is important to keep in mind some of the spike in residential-detached listings this year is attributable to Winnip...
WinnipegREALTORS® Press Release, February 7, 2020