After a very strong 2017, home sales in Winnipeg were destined to be lower for 2018 but the market is holding up well.
August data from Winnipeg Realtors shows a total of 1,274 homes sold, down just 1% from a year earlier, while dollar volume of $375 million was off by less than 1%.
“We have said all along this year that we are comparing our sales activity to one of our best years on record so we have every reason to remain optimistic about our market this year,” said Chris Dudeck, president of WinnipegREALTORS®. “As shown last month, Winnipeg remains a stable and resilient market with a real upside in terms of its affordability.”
Year-to-date sales of 9,218 are off 6% from the same period last year while year-to-date dollar volume of $2.73 billion is down 4% from 2017.
The average price of a single-family detached home in the market was $321,531; for an attached home was $246,323; and for a condo was $234,477.
Almost half of all residential-detached sales were under $300,000 with another 17% selling from $300,000 to $349,999. And 78% of all condo sales in August were under $300,000.
