Winnipeg REALTORS® Market Report for March 2016

Winnipeg Real Estate Report

Looking back at March 2016, the start of the spring market.  The first quarter is off to a great start, 8% increase for the quarter as compared to last year

March itself is up 5% over March 2015

Listings are down, sales are up, making is a very balanced market.  Looking to sell, right now is the best time to list.

Separating residential homes and condos, we see a different.  For example, it would take just 3 months to sell all the available houses, while it would take 5 months to sell the condos.

However, condo sales are rebounding when compared to last year.  15% increase in sales when compared to the first quarter of last year.  Looking at March alone, we are up 25% for this month, when compared to 2015.  Great deals in the condo market.

Homes over 300,000 are up 19% when compared to last year.

Year to day average sale price is now $300,844,  which is a 6% increase over last year

Most active price range is $250-$300k,  and the price ranges on either side were next most active.

Average days on market is 31 days for houses.

Most active condo price range was bet. $150K and $200K, second was $200K to $250K

It took 46 days to sell the average condo.