WINNIPEGREALTORS® PRESS RELEASE, FEBRUARY 4, 2021

Winnipeg Regional Real Estate Board - January Market Release - 2021 picked up right where 2020 left off with MLS® sales brisk and listings still in short supply. MLS® sales in January of 934 increased 28% while dollar volume was up 38% to over $285 million in comparison to the same month last year.

New listings entered on Winnipeg Regional Real Estate Board’s MLS® System in January were down 15% compared to January 2020. The current listing supply at the end of January of 2,410 decreased 40% from the 4,002 listings available last year.

“As we enter 2021, the same tight market supply conditions experienced last year remain firmly entrenched,” said Kourosh Doustshenas, president of the Winnipeg Regional Real Estate Board.

One indicator - or metric - used to gauge market demand strength is the percentage of listings converted to sales every month. January 2021 is leaps and bounds ahead of previous...