Winnipeg Real Estate Sales & Market Update - September 2023
Sales and average prices increased again this month and were over September of 2022
Just like this past August, Winnipeg saw the average price increase compared to the same time last year.
“September was marked by its steady MLS® sales performance for this month and through the first three quarters of 2023,” said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “With the record-breaking years seemingly in the rearview mirror, a return to consistency for MLS® sales volumes in our market region is an encouraging development. Average prices continued an upward trend across the three main property types for the second consecutive month.”
The average price of a residential-detached home in August was $397,275. This figure is 4% higher than last September, and 10% above the 5-year average of $362,114.
The Synopsis on Sales Data from the Winnipeg Real Estate Board in September
“The recent election serves as a reminder of the role REALTORS® play in advocating for issues related to the real estate industry,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In the coming weeks, REALTORS® from across the nation gather in Ottawa to raise awareness about housing-related issues at the federal level as Members of the Canadian Real Estate Association’s Political Action Committee. Like the consistency of the market to this point in 2023, you can be sure that REALTORS® will consistently be a part of the conversations that create positive, housing-related developments into the future.”
If you are planning on selling it is a great time to engage with a real estate professional who can guide you through the process. Get in touch with our team to learn more!
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If you want to learn more about the real estate market trends in Winnipeg please get in touch with us! The team at Kevin Moist and Associates would love to help you buy or sell real estate in Winnipeg! We look forward to working with you!