Year-to-date real estate performance continues to shine while November market results show slight decline
Winnipeg, December 4, 2025 – Year-to-date All MLS® sales of 14,431 through to the end of November 2025 were up 4%, total MLS® listings of 21,996 statistically even while total dollar volume of over $5.7B was up 10% from 2024. Year-to-date residential detached MLS® sales of 9,842 were up 3% and the average price of $451,137 was up 6% when compared to last November. Condominium MLS® sales of 2,070 were statistically even and the average price of $283,498 was up 3% above last year.
“Year-to-date All MLS® sales are the third highest on record and dollar volume is the second highest while residential detached and condominium prices set a new November record,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Condominium average prices rose versus last year and set a new November record while this is the first month in 2025 when residential detached average prices declined versus 2024 and did not set a monthly average price record. November’s real estate market saw declines in All MLS® sales and dollar volume while MLS® sales, dollar volume and average prices declined for residential detached homes.”
November 2025 saw All MLS® sales of 935 decrease 10% from November 2024 and were down 5%, active MLS® listings of 3,165 decreased 5% and total MLS® dollar volume of over $349 million was down 12% from November 2024. Residential detached MLS® sales of 630 decreased 7% while the average price of $420,121 was down 3% when compared to November 2024. Condominium MLS® sales of 129 were down 15% and the average price of $272,718 was up 6% from November 2024.
“As we enter the holiday season in the final month of 2025, it is the time of year when homes start to take center stage for holiday parties and family gatherings while serving as the backdrop for lifelong memories,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® know that a home is so much more than just a physical space and it’s why they are so passionate about helping Manitobans write their next chapter. If you’re looking to buy a house this holiday season, a REALTOR® will focus on your priorities to ensure the physical space you purchase will be one you can truly call home.”
-30-
ABOUT THE WINNIPEG REGIONAL REAL ESTATE BOARD
Serving Members since 1903, the Winnipeg Regional Real Estate Board is one of Canada’s longest running real estate board, serving over 2,500 licensed residential and commercial real estate Brokers and Salespersons, along with other industry-related professions. REALTOR® Members of the Winnipeg Regional Real Estate Board utilize the Multiple Listing Service (MLS®) to put the housing market in perspective for those looking to buy or sell a home. REALTORS® can explain market insights, price trends, provide comparable property analysis and housing trends. To find a REALTOR® or to view a map of MLS® listings, visit www.winnipegregionalrealestatenews.com.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
Media Inquiries:
Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board
media@wrreb.ca
Office: 204-786-8857