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Manitoba Real Estate Market Update: June 2021

June was another hot month for Winnipeg real estate! The increase in new listings and active listings month over month did little to curb the seller’s market in Winnipeg as average selling prices continued to steadily climb, especially in the low-rise sector with detached homes and townhouses seeing double-digit year-over-year increases in average price. Another key indicator of the strength of house prices is the total-sales-price-to-total-list-price ratio, which saw a rise from 98.6% in 2020 to 104.7% this June.

In a seller’s market like Manitoba’s, the guidance of experienced REALTORS® is an invaluable asset for both buyers and sellers. Speak to a local Purplebricks REALTOR® to learn about the latest trends in your region and discover how we can help you reach your real estate goals.  

The Winnipeg Regional Real Estate Board (WRREB) reports2 3:

  • Market: Seller's Market   
  • Sales: 1,943 (up 2% year over year and down 6% month over month) 
  • New listings: 2,373 (down 12% year over year and up 2% month over month) 
  • Active listings: 2,791 (down 40% year over year and up 7% month over month) 
  • Sales-to-new-listings ratio: 82% (previous month was 88%) 
  • Average detached selling price: $395,576 (up 16% year over year and up 2% month over month) 
  • Average townhouse selling price: $301,324 (up 18% year over year and up 1% month over month) 
  • Average condo selling price: $251,659 ( year over year and down 1% month over month) 

Comments from WRREB President Kourosh Doustshenas: "A true hallmark of this year has been the unprecedented buyer demand for all property type listings with major percentage gains in sales from 2020 […] 2021 dollar volume gains remain in the double-digits and represent strong upward price movement compared to 2020."  

If you need to sell or buy a home, a local Purplebricks REALTOR® can help you reach your real estate goals while keeping your family’s safety a top priority. Purplebricks supports Canadians by providing exceptional real estate experiences with incredible rewards: sellers save thousands in commission and buyers receive $2,000 cash back* when they purchase a home with one of our REALTORS®. Call 1-855-953-9533 to learn more.

Randall Weese is the Director of Compliance and Brokerage Services at Purplebricks, where he is also the licensed Broker of Record for Ontario, Broker for Alberta, and Associate Broker for Manitoba. A REALTOR® with 14 years’ experience in Ontario, Randall has worked in a variety of business models within the real estate industry. He has been a REALTOR® at one of the largest brokerages in Canada, managed a boutique brokerage, and founded and operated his own brokerage in the Greater Toronto Area. Throughout his career, he has acted as a listing agent on thousands of homes across the country.

Statistics presented herein are rounded to the nearest whole number for readability. Exact statistics can be found using the references provided.