Sales are up, inventory is tight, and the market is heating up
It’s been a busy summer across Winnipeg and beyond — and July’s numbers confirm it.
Compared to this time last year, we saw more homes selling, higher prices, and fewer listings to choose from. Whether you're watching the city market or checking out cottage country, there's movement everywhere. Here’s what’s happening:
Overall MLS® Market: Demand Outpaces Supply
1,620 sales across all property types (up 9% from July 2024)
Total volume: $646M (up 12%)
Active listings: 3,678 (down 12%)
Detached homes are leading the pack, with:
1,131 sales (up 9%)
Average price: $443,635 (up 2%)
Listings down 16%
Condo activity is strong too:
238 sales (up 12%)
Average price: $284,845 (about even with last year)
💬 “Sales are not only up over last year — they’re also above the 5-year average,” said Michael Froese, President of the Winnipeg Regional Real Estate Board. “It was a record-breaking July in terms of dollar volume.”
📆 Year-to-Date Snapshot (Jan–July 2025)
9,374 total MLS® sales (up 7%)
Total dollar volume: $3.7B+ (up 13%)
Listings down 1%
Detached homes:
6,399 sales (up 6%)
Average price: $457,667 (up 8%)
Condos:
1,367 sales (up 3%)
Average price: $281,427 (up 1%)
🗺️ Winnipeg vs. Surrounding Communities
Here's how prices and activity are trending across different parts of the region:
More people are buying outside of Winnipeg, and some of those communities are seeing major growth — especially Oakbank and Steinbach.
🏖️ Mid-Summer in Lake Country
Thinking about buying or selling a cottage? You’re not alone.
August tends to be the busiest time of year in cottage country, and five lake regions in particular are seeing strong action: Lac du Bonnet, Lake Manitoba (East Side), Lake Winnipeg (East & West), and Winnipeg River.
Here’s how they’ve performed in the first half of 2025:
🌲 Lac du Bonnet
Sales: 68 (up 8% from 2024)
Average Price: $318,732 (up 11%)
🛶 Lake Manitoba – East Side
Sales: 73 (up 4%)
Average Price: $173,721 (up 14%)
🏡 Lake Winnipeg – East Side
Sales: 83 (down 3%)
Average Price: $271,371 (up 27%)
🚤 Lake Winnipeg – West Side
Sales: 150 (up 1%)
Average Price: $253,920 (up 6%)
🌊 Winnipeg River
Sales: 13 (flat)
Average Price: $143,454 (down 28%)
🏞️ Each region is behaving differently — which just goes to show, if you're buying or selling recreational property, you’ll want a REALTOR® who knows the local market inside and out.
🏘️ What’s Hot (and What’s Selling)
Top neighbourhoods for detached home sales:
In Winnipeg: River Heights and Charleswood
Outside Winnipeg: Morden/Winkler and Steinbach
Top price brackets for detached homes:
$400K–$499K: 268 sales (24% of all sales)
$300K–$399K: 249 sales (22% of all sales)
Luxury sales:
20 homes sold at $1M+
Highest sale: just under $3M
Top condo locations:
Winnipeg: Osborne Village and Linden Woods
Outside city: Steinbach and Niverville/Ritchot
Most popular condo price ranges:
$100K–$199K: 79 sales (33% of all condo sales)
$200K–$299K: 71 sales (30% of all condo sales)
📌 Residential Attached Homes
This segment also saw solid gains:
114 sales (up 13%)
Average price: $374,496 (down 6%)
In Winnipeg:
79 sales
Average price: $388,267 (up 12%)
Outside Winnipeg:
35 sales
Average price: $343,413
Final Thoughts
Buyers are still buying — especially when a home is priced right and shows well. Inventory is lower than usual, so if you're thinking about making a move, this market could work in your favour.
Know someone? Whether they're house-hunting, cottage-shopping, or just curious about where your home's value stands…
📩 Send them my way.
all information courtesy of the Winnipeg Regional Real Estate Board
