WINNIPEG REGIONAL REAL ESTATE BOARD PRESS RELEASE, MARCH 8, 2023

WINNIPEG, March 8, 2023 - MLS® inventory in February was higher than the previous pandemic Februarys of 2021 and 2022, while MLS® sales were lower than the record Februarys of the same timeframe. Notably, this February is the eighth consecutive month that inventory was higher than the same month in the previous year after inventory started to rebound in June of 2022.

“As we saw last month, housing inventory continues to improve from the lows experienced in 2021 and the first half of 2022, offering more options for prospective buyers," said Akash Bedi, 2022-2023 president of the Winnipeg Regional Real Estate Board. “While February sales were lower than the peaks experienced during 2021 and the first half of 2022, they are in line with those from the Februarys of 2018 and 2019."

MLS® inventory of 3,045 in our market region is 67% above last February's 1,822 and only 1% below the 5-year average...