Winnipeg real estate market surging: WRREB

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Houses in Winnipeg are on the move, with increases in both month-over-month and year-over-year sales, the Winnipeg Regional Real Estate Board announced Wednesday.

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The board reported sales of 1,419 in April, an increase of 27% compared to March and 29% over April 2023. There were 3,827 listings in all categories on MLS in April which marks a 7% increase over the previous year and sales reached $561 million which is up 41%.

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Residential-detached home sales were up 30% with 985 sales and an average price of $436,535 an increase of 7% from April 2023.

“For the first time since June of 2022 and after a 21-month trend, all MLS sales in the Winnipeg Regional Real Estate Board’s region rose above the five-year average,” said Daphne Shepherd, 2024-’25 President of the Winnipeg Regional Real Estate Board. “This represents the third-best April on record and narrowly misses the second-best April in 2022, by 35 sales.

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“Aside from a decrease in active condominium listings, all three of the main property types of residential-detached, condominium and residential-attached homes were at or above last year and the five-year averages for active listings, new listings, MLS sales, dollar volume and average prices.”

The board reported that year-to-date residential-detached MLS sales are up 17% to 2,668 when compared to the 2,276 seen through April 2023 with average prices up 8% to $418,284 from the $388,967 last year. Year-to-date residential-detached sales volume was up 26% to $1.1 billion compared to the $885 million seen through April of 2023.

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