Posted in: Winnipeg Market Information
WINNIPEGREALTORS® PRESS RELEASE, March 11, 2022
WINNIPEG, March 11, 2022 – February sales were held back from a lack of listing supply. This resulted in a decrease of 22% from February 2021, however, sales of 963 are up 8% over the 5-year average. February 2022 is the second-best February on record as February 2021 was the only February to go beyond the 1,000 sales thresholds for this month.
This year's market has yet to thaw out when it comes to listings. New listings entered in February were down 19% and were further exacerbated at the beginning of February when there were 31% fewer active listings available from the year prior.
“As a storekeeper knows, you cannot sell what you do not have on your shelves, and real estate property cupboards were bare in a number of MLS® areas throughout Winnipeg and the surrounding market region in February," said Akash Bedi, 2022 President of the Winnipeg Regional Real Estate Board. “Like other retailers, we would...
WINNIPEGREALTORS® PRESS RELEASE, February 10, 2022
WINNIPEG – MLS® sales of 690 in January 2022 fell back 25% from last month and decreased 26% from January 2021. Though based on the 5-year average for the coldest and slowest selling month of the year, January 2022 was only down 3% over the 5-year average as last year was exceptional in generating significantly more sales than what you normally see transpire at the beginning of the year.
A major impediment to realizing more sales in January was the limited supply of listing inventory. While not a new development in 2022, it was more pronounced with MLS® listings from 2021 down 26% from 2020 heading into this year.
Where the lack of listing inventory was most impactful was on single-family homes with only 635 listings available at the end of December 2021 compared to 925 in December 2020 and 1,884 in December 2019. Not helping the situation in January was the fact that new single-family listings entered on the market...
WINNIPEGREALTORS® PRESS RELEASE, January 12, 2022
WINNIPEG, January 12, 2022 – December 2021 MLS® sales of 926 brought year-end total sales to 18,575, a 16% increase over 2020. December’s dollar volume of $320.2 million elevated the year-end dollar volume total to move above the $6 billion dollar mark to $6.25 billion. This new level is 28% more than the $4.9 billion transacted in 2020. It represents a one-year increase of over $1.35 billion.
Last year marked the third year in a row where record-setting sales and dollar volume milestones were established at the Winnipeg Regional Real Estate Board (WRREB).
“Both 2020 and 2021 in particular have been remarkable years in delivering similar sales gain percentages from the previous year,” said outgoing Winnipeg Regional Real Estate Board president Kourosh Doustshenas. “2021 alone saw an increase of over 2,500 sales compared to 2020 and 33% sales growth over the previous 5-year average.” ...
WINNIPEGREALTORS® PRESS RELEASE, December 8, 2021
WINNIPEG, December 7, 2021 – November of 2021 set the record for this month with sales of 1,244, a 4% increase over the former best November in 2020 and a 32% increase over the five previous Novembers. Historically this month has never exceeded 1,000 sales until last year when 1,193 sales were transacted.
“November and our fourth quarter performance has been exceptional with sales rivalling the surge in 2020 market activity at end of year,” said Winnipeg Regional Real Estate Board president Kourosh Doustshenas. “With the equivalent of 91% of all MLS® listings entered in November selling, it dispels any notion that buyers are taking a break from what has been a year like no other.”
New listings of 1,363 in November are only down 1% from last November and 2.9% from the previous 5-year average. While listing supply at end of month remains stubbornly low at 2,252 listings, it is directly...
WINNIPEGREALTORS® PRESS RELEASE, NOVEMBER 9, 2021
WINNIPEG, November 8, 2021 – With new records being set this year, including the most annual MLS® sales this month at 16,411 - an 18.3% increase over the same period in 2020, and a 2% rise over the 16,033 sales transacted by the end of 2020 - you cannot overlook how exceptional October 2021 performed.
Owing to the rise in the conversion of listings entered on the MLS® to sales of 78% compared to 65% in 2020 and 52% in 2019 for the first 10 months, October 2021’s even higher conversion rate of 85% propelled sales to 1,508, only 5% down from October 2020 and a 25% increase over the previous 5 years.
Another record surpassed was October’s dollar volume of $523.7 million, up 4% from October’s first $500 million month in 2020. Besides the outstanding October sales which made it possible to exceed one-half billion in sales activity, a contributing factor was fourteen sales over $ 1 million dollars....
WINNIPEGREALTORS® PRESS RELEASE, October 7, 2021
WINNIPEG, October 7, 2021 - The third quarter finished strongly in September — surpassing three annual MLS® records. Year-to-date dollar volume of just under $5 billion surpasses the 2020 annual dollar volume of $4.9 billion, and the 2,014 condominium sales for the first nine months of 2021 are comfortably ahead of the 1,847 annual record total set last year. Residential-attached sales at the end of September are slightly ahead of the 2020 annual sales record of 1,060, with 1,081 year-to-date sales. The fourth quarter will add to these September totals.
“The new peak for annual dollar volume is a combination of increased sales and higher prices,” said Kourosh Doustshenas, 2021 President of the Winnipeg Regional Real Estate Board. “As for condominiums, the growing spread between single-family detached homes and condominium average sale prices in 2021 have made the latter property type an even more ...
August Sales of 1,626 Show Market Stabilizing Compared to Spring Peak Activity of Over 2,000 Monthly Sales