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The hot Winnipeg housing market didn’t take a fall at all in October, with double-digit increases in a trio of categories over last year.
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Residential-detached homes were up 19%, residential-attached homes were up 27% and condominiums 24% over October 2023 in multiple listing service (MLS) sales, the Winnipeg Regional Real Estate Board said in its monthly report.
It’s the third month this year the three categories were at or above 2023 and the five-year average, and the fourth consecutive month with MLS sales increases over both 2023 and 2022.
“On a year-to-date basis, total MLS sales through to the end of October are the fourth highest on record,” WREB president Daphne Shepherd said in a release.
It was the second-best October on record for condominium sales on MLS. Active MLS listings were about the only number that fell, with 3,624 representing a drop of 10% from October 2023.
Total sales in October were up 19% over 2023, and 7% over September. Total dollar volume of over $508 million rose 28% over last October. The average residential-detached sales price of $427,237 was 7% higher than last October.
Year-to-date, MLS sales were up 12%, listings up 2%, and dollar volume 18% over 2023. Detached MLS homes were up 10%, and the average price of $423,217 was 6% higher than 2023. Condo sales on MLS were up 11% and the average sale price of $275,777 was 6% higher, while residential attached MLS sales were up 18% with the average price rising 10% to $365,218 over last year.
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