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The first-half real estate market performance for 2024 in the Winnipeg Regional Real Estate Board’s market region has shown significant growth compared to the same period last year.
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According to data released by the board Tuesday, all MLS sales totalled 7,288, marking a 13% increase over 2023. MLS listings reached 12,399, up 4%, and the dollar volume surged to $2.8 billion, a 20% rise year-over-year.
Residential-detached MLS® sales during the first half of 2024 reached 4,979, an 11% increase, with the average price climbing to $424,193, up 6% from last June. Condominium MLS sales totalled 1,119, up 13%, and the average price rose to $277,252, marking a 9% increase compared to the previous year. Residential attached MLS increased 15% to 522 units, with the average price also increasing by 9% to $365,719 over last year.
“The first-half sales and dollar volume results for 2024 represent the third best market performance on record with the second best in 2022 and the best in 2021,” said Daphne Shepherd, 2024-2025 president of the Winnipeg Regional Real Estate Board. “Average prices continued to increase for residential-detached, condominiums, and residential attached homes in June and for the first half when compared to last year and the 5-year averages..”
In June 2024 alone, MLS sales dipped by 1% year-over-year to 1,585 units. Active MLS listings increased by 1% to 4,119, while total MLS dollar volume rose by 5% to $624 million. Residential-detached MLS sales remained steady at 1,128 units, with the average price climbing to $437,367, up 5% from June 2023. Conversely, condominium MLS sales decreased by 16% to 209 units, while the average price rose 6% to $273,303 over the same period.
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