Market Update! 2024 begins with strong gains across MLS® residential property types

                                      Detached       Condominiums     Attached

 WINNIPEG, February 8, 2024 – January 2024 started with increases to MLS® sales, listings, dollar volume and average prices across all of the main three residential property types of residential detached, condominium and residential attached homes when compared to last January.

It's interesting to see that 2023 closed out with increases across many statistical categories. On a percentage basis, January 2024 saw double digit increases to MLS® sales for residential detached homes, condominiums and residential 
attached homes compared to January 2023. 

Average prices and dollar volumes for these property types were also up considerably, marking an intriguing start to 2024.

All MLS® Sales         January 2024   vs. 2023    vs. 5-Year Avg. 
Total Sales                657       14% (578)      -8% (716) 
Active Listings          3,012       7% (2,811)      8% (2,780)

 MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board’s market region are up 14% over
last January, and 8% below the 5-year average. Active MLS® listings for all MLS® property types are up 7% from last January and 8% above the 5-year average. The total dollar volume of MLS® sales in January was over $236 million which is 26% above last January and 2% above the 5-year average.

                                Residential-Detached
                      January 2024   vs. 2023    vs. 5-Year Avg. 
Total Sales             443         13% (1,432)    -6% (473)
Active Listings        1315          1% (1,296)    -7% (1,232)
Average Price         $396,833       8% ($368,604)  8% ($366,030)


 Of the 443 residential detached MLS® sales across the Winnipeg Regional Real Estate Board’s market region in January, 287 were in Winnipeg while the remaining 156 occurred outside Winnipeg. East Transcona led the way with the most residential detached homes sold in January followed closely by Waverley West. The Steinbach area saw the most residential detached homes sold outside Winnipeg followed by the Morden/Winkler area.

 Of the 1,315 residential detached active MLS® listings, 585 were in Winnipeg while 730 were outside Winnipeg. The average price for a residential detached home rose 8% over last January and is up 8% over the 5-year average. The most active residential detached price range in January was the $325,000-$349,999 range, representing 8% of all residential detached MLS® sales.

 Interestingly, a close second was the $550,000-$599,999 price range which was just shy of 8% of all residential detached MLS® sales.There were 7 residential detached homes sold at $1 million or more in January 2024 whereas there were 3 sold in January 2023.

                                 Residential-Attached                       
                     January 2024   vs. 2023    vs. 5-Year Avg.
Total Sales          49             36%(105)        -11%(55) 
Active Listings      218            -6%(233)         29%(169) 
Average Price        $391,314       18%($370,604)    24%($316,656)

 Of the 49 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board’s market region in January, 38 were in Winnipeg and the remaining 11 occurred outside Winnipeg. Of the 218 active MLS® listings for residential attached homes, 129 were in Winnipeg and 89 were outside Winnipeg. The average price for a residential attached home was 18% above last January and 24% above the 5-year average. 
                                 
                                  Condominiums 

                     January 2024   vs. 2023    vs. 5-Year Avg.
Total Sales          99           10%(90)        -2%(101) 
Active Listings      374          1%(372)       -15%(438) 
Average Price        $278,888    20%($231,549)   16%($240,767)

 Of the 99 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in January, 85 were within Winnipeg and the remaining 14 occurred outside Winnipeg. Winnipeg’s Osborne Village area saw the most MLS® condominium sales in January followed by Downtown.

 Of the 374 active MLS® listings for condominiums, 285 were in Winnipeg and 89 were outside Winnipeg. The average price for a condominium in January was 20% above last January and 16% above the 5-year average. The most active price range for condominiums was the $150,000-$174,999 price range representing 13% of all MLS® condominium sales.

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This information is courtesy of
Michael Leclerc Royal LePage
Top Producers Winnipeg MB
Phone (204) 792-6453