More Home Sales than Number of Listings Remaining at the End of April 2021
The 2,055 sales in April edged out last month's sales of 1,975 and are up 53% over the 5-year average for this month.
The 2,615 listings remaining at month end are down 41% from the same time last year despite a dramatic fall-off in new listings entered in April 2020 due to the pandemic economic shutdown.
The good news is that year-to-date cumulative listings of 8,066 represent a 10% increase over 2020 and are less than 1% behind those entered in 2019.
In April, 78% of active MLS® listing supply turned over — and for single-family homes, it was an astounding 131% — leaving less than a month's listing supply going into May.
There were a number of MLS® areas throughout the entire Winnipeg Regional Real Estate Board's market region where there are as many single-family home sales or more than the number of listings remaining at the end of April.'
Two MLS® areas in the first four months have had more sales than new listings entered this year.
Transcona MLS® area has 82 sales versus 81 listings while the RM of Ste. Anne has 47 sales — 6 more than what has been listed in 2021.
Rapid sales are depleting listings quicker than they can be replaced. The average continuous days on market for single-family home sales in April was three weeks and for sales from $350,000 to $399,999 it was just 2 weeks."
Higher priced house sales were also evident in the price range sales activity chart with the $500,000 to $749,999 capturing the most sales activity at 17%. A close second was from $300,000 to $349,999 at 16%.
The brisk condominium sales in April saw the most sales activity at nearly 30% of total sales from $150,000 to $199,999 with the next busiest price range of $200,000 to $249,999 well behind at 18%.
Below are the average sale prices in neighbouhoods in Winnipeg and the surrounding regions from January 1, 2021, to April 30, 2021.