Winnipeg began 2014 as a sellers market, but by the fall, an influx of inventory had shifted to a balance market.
If the trend continues it will be a buyers market in 2015.
Prices are expected to remain flat in 2015; high inventory should keep prices stable and will likly not reduce prices further.
Despite an increase in inventory, the average sale price for a detached house rose to approximately $290,490 in 2014 from $282,894 in 2013.
The average sale price of condo units rose to approximately $236,639 in 2014 from $227,511 in 2013.