Winnipeg, April 8, 2025 – March saw All MLS® * sales of 1,189 up 6% over March 2024 and 11% below the 5-year average. Active MLS® listings of 3,096 were down 9% from last March and total MLS® dollar volume of over $479 million up 14% from March 2024. Residential detached MLS® sales of 776 were up 4% while the average price of $470,399 was up 12% when compared to March 2024. Condominium MLS® sales of 199 were up 6% and the average price of $277,068 up 1% over last March.
“After last month set the highest residential detached average price ever, March 2025 has now surpassed it,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “March represents the ninth consecutive month with All MLS® sales increases over the previous year. First quarter 2025 totals for MLS® sales and dollar volume rank as the third best first quarter results on record.”
From a year-to-date perspective, All MLS® sales for the first quarter in 2025 of 2,791 were up 9%, total MLS® listings of 5,030 were statistically even while dollar volume of approximately $1.1B was up 16% over 2024. Year-to-date residential detached MLS® sales of 1,770 were up 5% and the average price of $452,248 was up 11% when compared to last March. Condominium MLS® sales of 465 were up 12% and the average price of $269,695 was down 1% over last March.
“With a federal election on the horizon, housing continues to be among the most important topics on the minds of Canadian voters,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “On behalf of REALTORS® across Canada, the Canadian Real Estate Association (CREA) is collaborating with The Canadian Alliance to End Homelessness (CAEH), Habitat for Humanity Canada, and the Canadian Housing & Renewal Association (CHRA), to advocate on measures to protect Canadians and build a resilient housing system through measures like bolstering supply chains, recruiting skilled workers, reforming government taxes, streamlining processes, and accelerating investments into innovative technologies. As always, REALTORS® will continue to bring data, expertise and practical recommendations to the national conversations aimed at solving the housing crisis.”
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* The All MLS® statistical category is an aggregate of all property types.
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 2,400 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