April 3rd Flash Brief

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for… Monday, April 3rd, 2023…

Today is World Party Day, National Choc Mousse Day and here it’s Market Monday.

Being the 1st Monday of the month, lets take a look at the local market conditions.

On April 1st, we had 961 houses of all types, styles and price ranges available for sale in Winnipeg. Last year that number was 426. So we have more than double the number of homes for sale than we did last year same time.

On the sales side of the equation, we sold 520 homes in March this year, compared to 773 same time last year.

So available homes are up over 100%, while sales are DOWN around 35%. It’s a great market for buyers. And with interest rates having stabilized in the past month, things are looking great if you’re interested in buying a home.

What about Condos? On April 1st, we had 318 Condos available in Winnipeg, compared to just 247 same day last year. So again, inventory is up nearly 30%

During March we sold around 100 condos, compared to 214 last year same period

Condos represent an excellent opportunity to get into the home ownership market in Winnipeg, and now is a GREAT time to buy one.

For a more historic and in-depth look at the Winnipeg Real Estate Market, go to https://blog.winnipeghomefinder.com/winnipeg-housing-market-report/