Posted on
August 11, 2025
by
Dino Stepic
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:
Condo activity is strong too:
💬 “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)
Detached homes:
Condos:
🗺️ Winnipeg vs. Surrounding Communities
Here's how prices and activity are trending across different parts of the region:
Area | Avg. Price | Sales |
---|
All MLS® Areas | $457,667 ⬆ 8% | 6,399 ⬆ 6% |
Winnipeg | $470,659 ⬆ 8% | 4,142 ⬆ 5% |
Outside Winnipeg | $433,824 ⬆ 8% | 2,257 ⬆ 10% |
Lake Country | $312,411 ⬆ 8% | 374 ⬆ 10% |
Steinbach (R16) | $403,456 ⬆ 6% | 325 ⬆ 12% |
Morden/Winkler (R35) | $356,108 ⬆ 9% | 220 ⬇ 17% |
Gimli (R26) | $317,209 ⬆ 12% | 146 ⬆ 7% |
Niverville/Ritchot | $514,203 ⬆ 1% | 134 ⬆ 11% |
Oakbank (R04) | $548,127 ⬆ 5% | 114 ⬆ 63% |
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
🛶 Lake Manitoba – East Side
🏡 Lake Winnipeg – East Side
🚤 Lake Winnipeg – West Side
🌊 Winnipeg River
🏞️ 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:
Top price brackets for detached homes:
Luxury sales:
Top condo locations:
Most popular condo price ranges:
📌 Residential Attached Homes
This segment also saw solid gains:
In Winnipeg:
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