Ask Allan

Every year in September for the last 26 years I've given homeowners the exact same advice and I haven't been wrong yet but first what happened to the Winnipeg Real Estate Market in August in August in Winnipeg we saw house sales fall 18.4% over last year however prices remained unchanged in condos we saw sales fall 39.3% but prices were up 5.9% So August was pretty much exactly what we expected out of a summer market now going to September we see the same thing happen every year and that is a very high demand market because now the kids are back in school people are done their summer vacations and people want to get into a new house before Christmas or before it becomes cold outside which means two things No. 1 make sure you're pricing your house properly because you don't want to be sitting on the market going into November December if the market changes and secondly look at possibly renting it out if the market's not there for it to sell in the fall where you can sell possibly for more in the spring thirdly look at getting your green photos done now so even if you're not ready to put your house on the market right now and you're thinking maybe you'll put it on in 2027 you have good quality green photos we'll come out and do those for free for you right now so they're ready to go for next year

In April, we saw the average price of single-family detached homes go up 3.8% over last year, but sales were down 12.4%. In condos, the average price went up 19.4%, but sales were down 20.5%. As you can see, the Winnipeg real estate market continues to be very strong. We’re still seeing lots of bidding wars, and we’re seeing more inventory coming to market. The No. 1 thing I would tell a friend who’s thinking of selling their home in May or June is to be conscious of time. We see it all the time in these heated markets — we get into June and we usually start to see a lot more inventory coming to market, which creates less demand and fewer bidding wars. A lot of these houses don’t end up selling until fall or even the following spring because they expect to get a high price, but the market is no longer there. There’s more supply coming on, and people’s intensity dies down because kids are out of school and families are going on vacation. So if you’re thinking of selling in May or June, be conscious of getting your house to market before June. www.JudyLindsay.com 204.925.2900