RTB shuts down their reports for the summer months, that being July & August.

We look forward to updated numbers come September.

- Provided by Garret Wong, Upper Edge Property Manager

Active listings in June 2022 were 3,477 which is up +24.6% year over year but down 21% over the 5-year average

New listings in June were 2,867 which is up +20.8% year over year and up +9% over the 5-year average.

Detached home sales for June 2022 were 1,339 which is down 3.7% year over year but up +2.5% over the 5-year average. The average sale price of detached homes in June is $426,541 which is down 6% from $454,832 in May of 2022.

Attached homes sales for June 2022 were 136, which is up +5.4% year over year and up +11.6% from the 5-year average. The average sale price for attached homes in June was $339,230 which is down 5.5% from $358k in May.

Condo sales for June 2022 were 229, which is down 3% year over year but up +22.5% above the 5-year average. The average sale price for condos in June was 278,266 which is a +6.2% increase from $261,900 in May.

Five most active areas in Winnipeg for June 2022:

- 1R 60 LISTED --- 40 SOLD (South end of the city) $705,000 avg sp
- 3M 30 LISTED --- 29 SOLD (Canterbury park & East Transcona) $394,148 avg sp
- 5C 30 LISTED --- 29 SOLD (Polo Park, Sargent Park, West End) $302,500 avg sp
- 5E 27 LISTED --- 24 SOLD (St James area) $306,504 avg sp
- 1C 29 LISTED --- 26 SOLD (River Heights) $600,500 avg sp

Year-to-date average appreciation in Winnipeg:

Residential Detached homes: 14.8%

Residential Attached homes: 16.5%

Duplexes: 10.1%

Condominiums: 8.0%

June is the fourth consecutive month with increased MLS® sales in a year where the spring market has seen a delay when comparing the same months in previous years.

As a whole, the above-mentioned numbers are early signs that the market is starting to balance out; Though we’re still in sellers’ market territory at this time due to low inventory and absorption rate.

Nigel Nolin | Realtor | Partner
Nolin Group | 3 Percent Realty Solution