It’s time for another monthly market update! 🏡📊Today we’re looking at November 2023 and comparing it to the numbers from November 2022
* New Listings: 1,341 (78.3% increase from November 2022’s 753)
* Properties Sold: 895 (47.1% decrease from November 2022’s 1,703)
* Average Sale Price: $328,564 (a decrease of 2.3% from November 2022’s $336,485)
* Total Dollar Volume: $294.1M (an increase from November 2022’s total of $204.9M)
It’s important to note that November traditionally ushers in a seasonal slowdown in real estate activity as winter approaches. However, while there was a marked decrease in properties sold and new listings, November 2023 surprisingly saw an increase in the average sale price, showcasing resilience in certain market segments. The total dollar volume also notably increased from November 2022, underlining sustained economic activity despite the expected seasonal dip. Understanding these seasonal fluctuations is crucial for both buyers and sellers, providing insights into market dynamics and potential opportunities during these shifts.
If you’re seeking tailored advice or deeper insights into navigating these seasonal changes, our team is ready to assist you in making informed real estate decisions.
Let’s navigate it together! Connect with us today:
📲 204-477-1133
Special thanks to the Manitoba Real Estate Association for providing us with this important data. 🏡📈
