February 2023 Regional MLS® Inventory Building for Spring Market
MLS® inventory in February was higher than the previous pandemic Februarys of 2021 and 2022, while MLS® sales were lower than the record Februarys of the same timeframe.
Market Releases
The Winnipeg Real Estate Board offers comprehensive reports about the housing market of Winnipeg and its Metropolitan Region, including monthly statistical analysis and year-over-year comparisons. Archived Winnipeg Real Estate Board Market Releases can be found below.
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Winnipeg Regional Real Estate Market Balances Out For More Choice
As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they’ve been for most of the pandemic but more in line with pre-pandemic January results.
Strong finish despite slowing 2nd half of 2022 MLS® sales
Slowing 2022 MLS® sales that began in summer continued through December, transitioning the Winnipeg Regional Real Estate Board market region back to a balanced market.
Local Real Estate Market transitioning toward market stabilization
A boost in November’s year-over-year inventory combined with slowing month-over-month sales have Winnipeg and its regional market performance transitioning toward balanced market stabilization.
MLS® sales activity falling more in line with pre-pandemic levels
A slowing MLS® sales trend took root in October 2022 with sales down from October 2021.
Slower September MLS® sales move market towards balance
September 2022 sales are no match for the last two exceptionally active Septembers as sales decreased 20% and 32% from 2021 and 2020 respectively.
August MLS® sales of 1,375 drop off from July and previous August months
August MLS® sales activity showed a drop off from July and previous August months in the last few years.
July 2022 MLS® shows moderation in detached-home prices
July was a clear departure from previous months in indicating single-family home pricing peaked in May
June market delivers strong result at just under 1,800 MLS® sales
June is the fourth consecutive month with increased MLS® sales in a year where the spring market has seen a delay when comparing the same months in previous years.
May finishes strong with more sales, listings and dollar volume
This past May - with the exception of the over 2,000 sales transacted in May 2021 - was an outstanding month as it outperformed every other May previously. The 1,723 sales were a decrease of 14% from the same month in 2021 but are up 4% over the 5-year average.