Winnipeg home sales stable as listings create balanced market

Home sales in the Winnipeg region remained solid in April following a long winter and the threat of floods, which fortunately were avoided.

Sales of single-family detached homes slipped by just 6 year-over-year while there were 8 fewer sales of condos, according to the latest data from Winnipeg Realtors.

Overall, the 1,223 sales total was 60 fewer than in April 2018, down less than 5%. Listings increased by 2,711 to almost 5,000 in total, creating a balanced market with 4 months of supply.

“The strong influx of new listings this year bodes well for an uptick in increased sales as we head into our busiest months of the year,” said Ken Clark, president of WinnipegREALTORS®. “The wide choice and affordable options available for buyers will help make this a reality.”

Sales were up 2% year-to-date.a

The average sales price for single family homes or residential-detached in April was $332,185.

This was boosted by 7 sales over $1 million including one for $2,100,000 in Tuxedo.

The condominium average sale price increased well above its previous month average to $248,284 and again there were several high-value sales.

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