August Sales Overview 📈
In August 2024, All MLS® sales reached 1,483, marking a 7% increase compared to last year. The total dollar volume for these sales was $549 million, up 9%, even though active MLS® listings were slightly down by 5%, standing at 4,015.
Key Highlights for August:
Residential Detached Homes: A total of 1,030 homes were sold in August, a 2% rise from last year. The average price for these homes was $415,717, showing a 4% increase.
Condominiums: Condo sales climbed 8% to 210 units, although the average price dipped 3% to $270,575.
Year-to-Date Snapshot 🗓️
Looking at the broader picture for 2024 so far:
All MLS® sales totaled 10,250, up 11% from last year.
The total number of MLS® listings reached 16,785, a slight 3% increase, while the dollar volume surged by 18% to $3.9 billion.
Property Type Breakdown:
Residential Detached Homes: Year-to-date sales of 7,046 homes were up 9%, with the average price rising 6% to $424,164.
Condominiums: Condo sales for the year hit 1,542, up 11%, and the average price increased by 7% to $277,155.
Residential Attached Homes: These properties saw a significant increase, with sales rising 17% to 716 units, and the average price climbing 9% to $363,940.
Market Trends 🏘️
Daphne Shepherd, President of the Winnipeg Regional Real Estate Board, noted, “For seven out of the first eight months of 2024, sales in the main property types—residential detached, condominiums, and residential attached homes—have outpaced last year. This steady demand is especially noticeable in the condominium market, which continues to perform above the five-year average.”
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