It’s not just the Winnipeg Jets that are showing improving performance recently; the metro’s housing market is also getting a spring boost.
April home sales of 1,283 are just 1% below a year earlier and are 2% above the 10-year average for the month. Meanwhile listings are up 7% and active inventory of 4,550 is up almost 4% year-over-year.
“Clearly market activity picked up in April to show once again how resilient the Winnipeg Metropolitan Region can be in the face of some adversity with new mortgage qualification rules in place as well as higher mortgage rates,” said Chris Dudeck, president of WinnipegREALTORS®. “A real enduring strength of our local market in the last few years has been its affordable prices with different options to choose from given overall balanced market conditions.”
April’s average residential-detached sales price was just under $330,000, a modest increase over April 2017. Four million-dollar-plus home sales helped boost this figure.
The April condominium average sales price of $236,027 was down slightly from April 2017. Condo sales of 165 were ahead of last April’s total by 5%. The highest percentage increase of all MLS® property type sales in April was duplexes at 50%.