First-half real estate market performance for 2024 up over last year
Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 across the Winnipeg Regional Real Estate Board's market region saw All MLS® sales of 7,288 up 13% over 2023. MLS® listings of 12,399 were up 4% while dollar volume of $2.8B was up 20% over 2023. First-half 2024 residential detached MLS® sales of 4,979 were up 11% and the average price of $424,193 was up 6% when compared to last June. First-half 2024 condominium MLS® sales of 1,119 were up 13% and the average price of $277,252 was up 9% over last June while residential attached MLS® sales of 522 were up 15% and the average price of $365,719 up 9% over last year.
“The first-half MLS® sales and dollar volume results for 2024 represent the 3rd best market performance on record with the 2nd 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."
All MLS® sales for June 2024 were down 1% from last year to 1,585, active MLS® listings of 4,119 were up 1% and total MLS® dollar volume of $624 million was up 5%. Residential detached MLS® sales of 1,128 were statistically even while the average price of $437,367 was up 5% when compared to last June. Condominium MLS® sales of 209 were down 16% and the average price of $273,303 was up 6% over last June.
“When the time comes to sell your home, REALTORS® know how to market your home so that potential buyers have the opportunity to view your property," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In addition to their access to the Multiple Listing Service® (MLS®), REALTORS® have a broad network of contacts to engage as many people as possible so that you benefit from the best outcome possible."