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Market Update – January 1st to December 31st 2024

        Market Update

January 1st – December 31st

2024 was another busy year for real estate in the Pembina Valley! Sales activity increased by 11% in Winkler, 14% in Morden, and approximately 4% in Altona.

 

 

Average sale prices in Winkler saw a 4.6% increase, Altona stayed relatively the same as 2023, and Morden saw a boost of 6.7% over 2023!

 

Homes sold faster on average in 2024 than 2023 in all 3 communities! This is largely due to low inventory and lots of demand across all price points.

 

With interest rates dropping and demand remaining high across all price points, we anticipate a busy start to 2025.

 

If you have any questions about the local real estate market, your home’s value, or the home-buying process, don’t hesitate to contact any of our Realtors!

 

Stats are provided by the MLS (Multiple Listing Service).