Sales down, prices climbing, and signs of balance
August looked a little different than July. While sales slowed compared to last year, prices continued to climb — setting new highs for both detached homes and condos. For buyers, that means more choice is starting to open up. For sellers, it’s a reminder that pricing and presentation matter more than ever.
Here’s what’s happening in our market:
Overall MLS® Market: Fewer Sales, Higher Values
1,402 sales across all property types (down 5% from August 2024)
Active listings: 3,624 (down 10%)
Total dollar volume: $561M+ (up 3% year-over-year)
Even with fewer transactions, the overall value of sales rose, thanks to higher average prices.
Detached Homes: New Price Record
970 sales (down 5%)
Average price: $450,596 (up 8% from last year — highest on record for August)
Listings: 1,688 (down 12%)
Inside Winnipeg, detached homes averaged $457,989, while outside the city prices jumped even higher to $437,959 (+13%). Waverley West and Garden City/Amber Trails led activity in the city; Steinbach topped the list outside Winnipeg.
Condos: Steady With Gains in Price
204 sales (down 3%)
Average price: $280,143 (up 4%)
Listings: 443 (down 4%)
In Winnipeg, condo sales actually ticked up compared to last year (180 vs. 178), with Osborne Village leading the way. Outside the city, Niverville/Ritchot and Steinbach were the busiest markets.
Residential Attached: Stronger Year-Over-Year
97 sales (up 3%)
Average price: $381,216 (up 5%)
Outside Winnipeg saw the biggest lift: sales up 45% and prices up 9%.
Year-to-Date Snapshot (Jan–Aug 2025)
10,773 total MLS® sales (up 5% from 2024)
Total dollar volume: $4.3B+ (up 12%)
Detached homes: 7,367 sales (+5%), average price $456,726 (+8%)
Condos: 1,571 sales (+2%), average price $281,261 (+2%)
Winnipeg vs. Surrounding Communities
Here’s how prices and sales are trending around the region:
Some areas are seeing sharp price growth even as sales slow (like Winkler and Gimli), while others , like Steinbach, remain both active and affordable.
What’s Selling?
Most active detached price range: $300K–$399K (25% of sales)
Second-most active: $400K–$499K (22% of sales)
13 homes sold at $1M+, the highest just over $1.75M
For condos, the $200K–$299K bracket was most popular (32% of sales), followed by $100K–$199K (29%).
Final Thoughts
August showed us a market that’s evolving. Prices are holding strong — in fact, hitting record highs — even though sales are slowing. For sellers, this is still a favourable time, but strategy is key. For buyers, more balance is starting to return, creating opportunities in certain pockets of the city and surrounding communities.
📩 Whether you’re buying, selling, or just curious about your home’s value — send them my way.
