Chris Dudeck

Cell: 204-293-3399 |

WINNIPEGREALTORS® PRESS RELEASE, September 8, 2021

Winnipeg, September 8, 2021 - 1,626 sales were recorded in August 2021 making it the second-best August on record. While 12% off the record-setting 1,845 sales transacted in August 2020, it was up 9% over the 5-year average for this month.

“There has been some moderation in sales activity in our regional market since June 2021,” said Kourosh Doustshenas, president of the Winnipeg Regional Real Estate Board. “Though it is important to acknowledge July and August were still very active and ahead of previous same month sales with the exception of 2020.”

Active or available listings for sale at the end of August are at just under 3,000, a 30% decrease from the same time in 2020. New listings entered on the MLS® in August were 2,157, a 9% drop from last August but only 3% off the 5-year average for this month.

“While listing supply is lower than previous years, there is some improvement in inventory owing...

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WINNIPEGREALTORS® PRESS RELEASE, August 6, 2021

WINNIPEG, August 6, 2021 - Despite July sales slipping back from June 2021 and July 2020 record-setting months, year-to-date market activity is on pace to set another annual sales record for the third consecutive year. Sales of 11,797 for the first seven months are up 36% over the same period in 2020 and 43% over 2019. Dollar volume is elevated to nearly 52% over 2020 and close to $4 billion in sales activity thus far in 2021.

July 2021 sales of 1,678 are well off last month’s best ever June result of 1,943 sales and down 12% from the 1,898 sales transacted in July 2020. They are, however, still up 7% over July’s 5-year monthly average. The 2,172 listings entered on the MLS® in July were 10% fewer than in July 2020 while the current supply of 2,919 listings for sale at month’s end are down 34% from a year ago.

“If you look at 2021 as a full year marathon, not shorter runs such as weekly or monthly periods...

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WINNIPEGREALTORS® PRESS RELEASE, July 8, 2021

WINNIPEG, July 8, 2021 - June sales of 1,943 edged out last June’s sales of just under 1,900 by 2% and are up 14% over the 5-year average for this month. Dollar volume of $677.5 million jumped 16% over June 2020. New listings coming on to the market in June were down 12% at 2,373, while current inventory of 2,791 at month end decreased 39% from 2020. 

“Sales are coming down off their peak in April 2021, and more closely aligned with 2020. June 2020 was the first month when sales rebounded strongly after the pandemic economic shutdown,” said Kourosh Doustshenas, 2021 president of the Winnipeg Regional Real Estate Board. “2021 dollar volume gains remain in the double-digits and represent strong upward price movement compared to 2020.” 

Year-to-date sales of 10,131, for the first half of 2021, increased 49% over the same period in 2020 and 35% over the 5-year average. Dollar volume of $3.4 billion...

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WINNIPEGREALTORS® PRESS RELEASE, June 4, 2021

WINNIPEG, June 4, 2021 - Back-to-back monthly sales of over 2,000 reaffirms 2021 as a year like no other. May 2021 sales of 2,006 increased 46% over May 2020 and 21% above the 5-year average for this month. The 2,006 sales are only surpassed by April 2021 when 2,055 sales were transacted on the Winnipeg Regional Real Estate Board’s Multiple Listing Service® (MLS®).

Dollar volume for May is up 70% over the same month last year with an all-time record monthly total of $692.6 million worth of sales.

Year-to-date MLS® sales of 8,197 have increased 68% while dollar volume of $2.72 billion is up 89% over the same period in 2020. Listings entered on the MLS® this year are ahead of 2020 by nearly 9% with 10,594 listings. 

Despite a 4% increase in new listings entered in May due to this month’s very buoyant sales activity, the active listing supply at month end going into June is down 40% from 4,621 last year...

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WINNIPEGREALTORS® PRESS RELEASE, APRIL 7, 2021

WINNIPEG, May 7, 2021 - For the first time in the history of monthly MLS® sales, the Winnipeg Regional Real Estate Board’s April sales tipped over the 2,000 threshold. The 2,055 sales in April edged out last month’s sales of 1,975 and are up 53% over the 5-year average for this month. Dollar volume set a new record monthly high as well in April with $678.3 million transacted in sales — a 65% rise over this month’s 5-year average.

The 2,615 listings remaining at month end are down 41% from the same time last year despite a dramatic fall off in new listings entered in April 2020 due to the pandemic economic shutdown. The good news is that year-to-date cumulative listings of 8,066 represent a 10% increase over 2020 and are less than 1% behind those entered in 2019.

In April, 78% of active MLS® listing supply turned over — and for single-family homes it was an astounding 131% — leaving...

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WINNIPEGREALTORS® PRESS RELEASE, APRIL 7, 2021

WINNIPEG April 7 - March 2021 set a new all-time monthly record for MLS® sales and dollar volume. Sales of 1,975 rose 80% over March 2020 and 60% over the 5-year monthly average for this month. Dollar volume took off as well with $663.9 million transacted - a 98% increase over the same month last year.

Brisk sales activity left listing supply down 42% from 2020 with 2,597 listings available for sale going into April. However, an encouraging sign is the fact new listings coming on the market in March recorded a 14% rise to 2,483 listings. They are also up 11% over the 5-year average.

A clear indicator of how firmly entrenched the Winnipeg Regional Real Estate Board (WRREB) is in a seller’s market is that the equivalent of 76% of all active listings — or current inventory — sold in March. This compares to a more typical conversion of 24% as was the case in 2020.

“Sales percentage increases are well distributed...

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I provided the full Winnipeg Regional Real Estate Board March Press Release in my previous post. The full report can be viewed here. But here is a recap of the highlights and a deeper dive into the sales results for the City of Winnipeg, separate from the rest of the metro region.

Total February 2021 MLS® sales of 1240 were up 48.2% over February 2020, and up 71.3% over February 2019.

Drilling down a bit deeper in terms of property type:

  1. Single family home sales on MLS® in February were up 45.1% over February 2020, and up 61.2% over February 2019.

  2. Condominium sales on MLS® in February were up 46.6% over February 2020, and up 58.9% over February 2019.

Total listings on MLS® at the end of February for the metro region was 2501, 41.4% less than at this same time last year, and 33.0% less than at this time in 2019.

As always, I highlight that these monthly reports from the Winnipeg Regional Real Estate Board are general, overall monthly market statistics for the entire region...

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WINNIPEGREALTORS® PRESS RELEASE, MARCH 4, 2021

WINNIPEG -  February continues to show significant increases over the same month last year with 1,240 sales, a 48% rise in early year market activity and 68% in comparison to the 5-year average. The $395 million in dollar volume transacted in February was more pronounced with a 67% jump over February 2020.

Rapid turnover of listings due to heightened market activity resulted in current supply at the end of February down 41% — 2,501 versus 4,266 in 2020. New listings coming on the market in February were 1,661, down less than 3% compared to the same month in 2020 and up 5% over the 5-year average.

“New listings entered on our MLS® in February are in keeping with previous years,” said Kourosh Doustshenas, president of the Winnipeg Regional Real Estate Board. “The difference in 2021, and much like the second half of 2020, is we are experiencing record-setting month over same month sales, so sellers remain...

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WINNIPEGREALTORS® PRESS RELEASE, FEBRUARY 4, 2021

Winnipeg Regional Real Estate Board - January Market Release - 2021 picked up right where 2020 left off with MLS® sales brisk and listings still in short supply. MLS® sales in January of 934 increased 28% while dollar volume was up 38% to over $285 million in comparison to the same month last year.

New listings entered on Winnipeg Regional Real Estate Board’s MLS® System in January were down 15% compared to January 2020. The current listing supply at the end of January of 2,410 decreased 40% from the 4,002 listings available last year.

“As we enter 2021, the same tight market supply conditions experienced last year remain firmly entrenched,” said Kourosh Doustshenas, president of the Winnipeg Regional Real Estate Board.

One indicator - or metric - used to gauge market demand strength is the percentage of listings converted to sales every month. January 2021 is leaps and bounds ahead of previous...

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I provided the full WinnipegREALTORS® January Press Release in my previous post. The full report can be viewed here, but here are some of the highlights and a deeper dive into the 2020 sales results for the City of Winnipeg, separate from the rest of the metro region

Let's start with the entire metro region:  Total December 2020 MLS® sales of 970 were up 43.9% over December 2019. And total MLS® sales for 2020, all property types, was 16,033, up 17.40% from 2019!

Drilling down a bit deeper in terms of property type:

- Single family home sales on MLS® in December were up 31.9%, and for the year up 16.9%.

- Condominium sales on MLS® in December were up 62.0%, and for the year up 5.5%.

Total listings on MLS® at the end of December for the metro region was 2,316, 37.8% less than at this same time last year.

If we look at Winnipeg only, inventory on MLS® for residential homes (single family homes, SxS’s, town homes, etc.) at the end of December...

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WINNIPEGREALTORS® PRESS RELEASE, JANUARY 7, 2021

WinnipegREALTORS® December Real Estate Market Release - December 2020 MLS® sales of 970 elevated year-end total sales to 16,033, a 17% increase over 2019. This year has been a remarkable record-setting one with 7 consecutive months of new highs. December continues this record with sales up 44% over December 2019 and 41% over the 5-year average.

December dollar volume of nearly $290 million increased 46% over December 2019 and pushed dollar volume up to over $4.9 billion, a 21% increase over the previous highest dollar volume year of 2019.

For all of the record sales activity the last 7 months, active listings or inventory going into 2021 is down 38% to 2,316 listings. Residential-attached properties (include single-attached, townhouse and duplexes) help illustrate this point.

In December, the 90 residential-attached sales transacted doubled last year’s total and represented 90% of the supply at month end of 100 listings....

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The increase in lumber prices that has impacted new home construction in 2020, will continue into 2021, according to a recent CBC report.

The CBC report quotes mostly national numbers, but increased lumber costs have rippled through our local market as well.  In the Winnipeg area, base pricing on new homes has seen an increase of approximately 5 - 7 %, since June 2020.

When the lumber price increases will slow, or where a plateau in pricing will end up, no one really knows.  But if you are considering a new home build in 2021, my recommendation would be to make a commitment and lock in your pricing sooner than later.  The savings to your bottom line will most likely be significant . . .

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WINNIPEGREALTORS® PRESS RELEASE, December 5, 2020

WinnipegREALTORS® November Real Estate Market Release - Six consecutive months of record monthly sales have pushed year-to-date sales over 15,000 for the first time. This total is over 2,000 sales greater than the 11 months of MLS® market activity in 2019. November sales of 1,193 were up 32% over the same month in 2019. Up until 2020, 900 sales has been the upper limit of this month.

New listings coming on the market in November are down 12% compared to a very active listing month in November 2019. Inventory or current listing supply going into December is 3,136. There were over 5,000 listings available for sale at this time last year.

Year-to-date sales of 15,066 are up 16% over the same period last year while dollar volume of $4.6 billion is ahead of 2019 by 19%. There are 22,646 listings entered on MLS® this year, down 9% from the number of listings entered last year up until the end of November.

“Momentum...

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WINNIPEGREALTORS® PRESS RELEASE, November 5, 2020

WinnipegREALTORS® October Real Estate Market Release - Five consecutive months of record-setting market activity puts an exclamation mark on a year like no other. As a result, the v-shaped recovery from the early spring economic shut-down, which began in earnest in June, brings year-to-date results to a record total of 13,876 sales.

Sales have risen 15% over the same period in 2019 and are ahead of the 13,662 annual total sales record set last year. Similarly, year-to-date dollar volume of $4.24 billion is up 18% over the same period in 2019, and higher than last year’s record dollar volume of $4.06 billion.

October sales of 1,595 increased 36% over October 2019 and dollar volume of $505.3 million eclipsed last October’s total by 48%. New listings of 1,786 entered in October were actually down 8.8% in comparison to October 2019. The 3,545 listings available for sale in November have declined 35% from the same time in 2019....

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