MLS® sales in June rose slightly from last month while falling short of last June and the 5-year average. Active listings rose from last month and last June while coming to within 1 percentage point below the 5-year average.
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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.
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In a trend that has continued since the start of 2023, the number of MLS® sales has continued to rise but not to the same levels seen last April.
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MLS® sales in March continued to grow from last month marking a sustained transition back to the type of market seen before the pandemic began.
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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.
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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.
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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.
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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.
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A slowing MLS® sales trend took root in October 2022 with sales down from October 2021.
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September 2022 sales are no match for the last two exceptionally active Septembers as sales decreased 20% and 32% from 2021 and 2020 respectively.
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