July Winnipeg Real Estate market update from Kevin Moist! – Take the keys, embrace your new home in Winnipeg!
This past July, the Winnipeg real estate market saw sales decline from June, last July and the 5-year average. All the while, there were several new listings added to the market compared to last month (June 2023).
The month of July saw 4,298 MLS® active listings across the region. This number is 16% higher than last June (2022) and in line with the 5-year average. In addition, the total sales for the region were recorded at 1,365. Sales for July 2023 are 11% lower than July 2022, and 14% lower than the 5-year average.
“The last 3 Julys were the top three Julys on record but when taking the 5-year average of Julys from 2015 to 2019 before the pandemic began, we see July 2023 MLS® sales tracking similarly,” said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “The depleted housing availability seen over the last 3 years has balanced out with gains to active listings that are encouraging to see. A healthy housing inventory that spans all different price ranges is important for a balanced market.”
The average price of a residential-detached home in July was $406,209. This figure is 2% higher than last July, and 9% above the 5-year average of $372,229.
July Winnipeg Real Estate market update from Kevin Moist! – Real estate sales in Winnipeg
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Title: Unleashing the Potential of EstateDwell: Your Gateway to Real Estate Success
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