Courtesy of Gary Morwick

Residential MLS ® Sales for May Show Signs of Progress

$266,845 condo

$333,630 attached

$407,982 detached

1,066

2,042

525

223

AVERAGE SALE PRICES

266

112

single family detached condo

attached

single family detached condo

attached

SOLD LISTINGS

ACTIVE LISTINGS

Winnipeg, June 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. “While MLS ® sales were still below the record May results of 2021 and 2022, residential resale performance for May 2023 showed signs of progress,” said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “This is the first month of 2023 that MLS ® sales have risen to a single digit percentage range below the 5-year average. MLS ® sales performed at a respectable level.” MLS ® sales in May were 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. 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. 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. Statistics reflect market activity in May 2023 | Source: WRREB ® The Winnipeg Regional Real Estate Board | Market values stated are of the average of Winnipeg and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

GARY MORWICK PROFESSIONAL REALTOR ®

Cell: 204.227.1019 gmorwick@shaw.ca

Put my number in your cell and call me next time you have a real estate question.

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