fall 2024 message

As vibrant hues, crisp autumn air and the leaves fall throughout our communities, I wanted to take a moment to connect and share a real estate market update.

Fall inevitably brings a shift in the housing market with fewer buyers and sellers however, with lower interest rates at each rate announcement, it provides some relief for buyers to explore opportunities.

Whether you're looking to buy, sell, or stay informed about the latest trends, I'm here to support and answer any questions you may have.

The Winnipeg market ended summer months with increases in sales and dollar volume across all property types.

Total MLS® sales reached 1,483, marking a 7% increase from last year. Residential homes enjoyed a modest price increase of 4%, with the average price reaching $415,717. Condos showed mixed results with sales 8% higher but average prices dipped 3% to $270,575.

Looking to the fall market, lower interest rates should support market opportunities and hold prices steady given seasonally less inventory.

Please don’t hesitate to reach out anytime.

Warm regards,

Kim

xo