Sales Growth, Record Prices, and More Choices for Buyers

The Winnipeg real estate market held its momentum in July 2025, with sales and prices outpacing last year and exceeding 5-year averages in several key categories. According to the Winnipeg Regional Real Estate Board, residential detached and condo prices remained at or near record highs on a year-to-date basis, while active listings gave buyers more opportunities than earlier in the year.

All MLS® Snapshot: Gains Across the Board

Across all MLS® areas, July saw 1,131 residential detached homes sold, up 9% from July 2024. Condo sales hit 238, an increase of 12%, while 114 townhouses changed hands.

Year-to-date, the average residential detached price across the full region is $457,667, up 8% from this time last year. These numbers reflect a healthy mix of demand in both city and rural markets, especially for move-in-ready homes in the $400K–$499K range — the most active price bracket this month.

Inside Winnipeg: Detached Prices Hit $470K

Within city limits, July brought 721 detached sales, alongside 195 condos and 79 townhouses.

The year-to-date average price for a detached home in Winnipeg reached $470,659, up 8% from July 2024. Condos remained strong, with sales growth concentrated in the $200K–$300K range and continued appeal for buyers seeking low-maintenance, well-located properties.

Outside Winnipeg: Rural & Suburban Sales Climb

Detached sales outside the city totalled 410 in July, with 43 condos and 35 townhouses sold.

The year-to-date average detached price in these areas sits at $433,824, up 8% compared to last year. Rural and suburban communities — from Steinbach to West St. Paul — continue to draw buyers with larger lots, newer builds, and quieter settings.

This reflects the lifestyle-driven movement we discussed in Luxury Real Estate in Canada 2025: How Winnipeg Stands Out in a National Landscape, where surrounding markets are playing an increasingly important role in the region’s overall housing picture.

What This Means for Buyers and Sellers

If you’re selling, July’s performance shows strong demand and record-high year-to-date prices — particularly for detached homes in popular price ranges. Well-presented properties are still moving quickly.

If you’re buying, the rise in active listings offers more choice than earlier in the year, but competition remains in high-demand segments. Preparation and local market knowledge remain key to making a confident move.

📲 Thinking about buying or selling? Let’s connect to discuss a strategy tailored to your goals.