A Seasonal Slowdown Closes a Record-Setting Year

December marked a typical year-end slowdown in Winnipeg’s real estate market, with fewer transactions as the calendar turned toward the holidays. Despite the quieter pace, pricing across the region remained resilient, capping off a strong year defined by steady demand, limited inventory, and record-setting average values.

According to the Winnipeg Regional Real Estate Board (WRREB), overall market fundamentals remained balanced as 2025 came to a close, positioning the market for a stable start to 2026.

All MLS®: Fewer Sales, Strong Annual Pricing

December recorded 752 total MLS® sales, reflecting seasonal conditions and a slower pace compared to earlier months. Active listings finished the month at 2,292, continuing a trend of constrained supply across much of the market.

Sales activity by major residential property type included:

• 466 residential detached sales

• 129 condominium sales

• 65 residential attached (townhouse) sales

While monthly activity softened, pricing strength remained a defining theme of the year:

• 2025 year-to-date average detached price (All MLS®): $451,852

This sustained pricing underscores the long-term stability of Winnipeg’s housing market, even as short-term activity fluctuates.

Inside Winnipeg: Stable Values Amid Seasonal Cooling

Within Winnipeg, December sales reflected the broader seasonal slowdown:

• 299 detached home sales

• 109 condominium sales

• 54 residential attached sales

The 2025 year-to-date average detached price in Winnipeg reached $462,224, highlighting continued demand for city properties throughout the year. Limited inventory and steady buyer interest helped maintain balanced conditions despite fewer transactions in December.

Outside Winnipeg: Consistent Demand in Surrounding Communities

Markets outside Winnipeg also experienced a quieter December, with:

• 167 detached sales

• 20 condominium sales

• 11 residential attached sales

The 2025 year-to-date average detached price outside Winnipeg was $432,654, reflecting strong performance across surrounding communities. Tight supply and lifestyle-driven demand continued to support pricing through the end of the year.

Market Insights: Setting the Stage for 2026

December’s results highlight a market that cooled in pace but not in value. While fewer transactions closed in the final month of the year, 2025 will be remembered for record-setting average prices, steady demand, and limited inventory across many segments.

For sellers:

Entering 2026, pricing remains historically strong. Well-prepared listings—supported by thoughtful presentation, staging, and lighting—will continue to stand out, particularly as buyer activity begins to ramp up early in the new year.

For buyers:

A quieter winter market can offer strategic opportunities. With fewer competing buyers and motivated sellers still active, preparation and timing will be key heading into the spring market.

View the Full Official Market Release

For a complete breakdown of December statistics, five-year comparisons, and

👉 Winnipeg Regional Real Estate Board

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