By Jeremy Davis
All MLS® sales and dollar volume in July 2025 increased compared to July 2024 and the 5-year average. Residential detached homes and condominiums saw increases to MLS® sales, dollar volume and average prices over July 2024 and the 5-year average. All MLS® listings were down from July 2024 and the 5-year average. Similarly, residential detached homes saw decreased listings from July 2024 and the 5-year average, while condominium listings were up from 2024 and were even with the 5-year average.
“July’s average prices for residential detached homes and condominiums continued the trend of highest monthly average prices on record,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales continued the trend of increases over last year, but July’s performance also rose above the 5-year average. All MLS® total dollar volume was the highest July figure on record while All MLS® sales were the third highest July on record.”
July 2025 saw All MLS® sales of 1,620 up 9% over July 2024 and up 6% over the 5-year average. Active MLS® listings of 3,678 were down 12% from last July and down 2% from the 5-year average. Total MLS® dollar volume of over $646 million was up 12% from July 2024 and up 13% over the 5-year average.
From a year-to-date perspective, All MLS® sales of 9,374 were up 7%, total MLS® listings of 14,567 were down 1% while total dollar volume of over $3.7B was up 13% over 2024. Year-to-date residential detached MLS® sales of 6,399 were up 6% and the average price of $457,667 was up 8% when compared to last July. Condominium MLS® sales of 1,367 were up 3% and the average price of $281,427 was up 1% above July 2024.
Residential detached homes in July saw MLS® sales of 1,131 which is 9% above the 1,039 seen last July and 4% above the 5-year average of 1,085. Residential detached homes saw active MLS® listings of 1,697 which is down 16% from the 2,016 seen last July and 9% below the 5-year average of 1,862. The average price of $443,635 for a residential detached home rose 2% over last July’s $433,657 and was up 8% over the 5-year average of $411,956.
For July, River Heights was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Charleswood. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold followed by the Steinbach area.
The most active price range in July was $400,000-$499,999 which saw 268 MLS® sales, representing 24% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 249 MLS® sales representing 22% of all residential detached MLS® sales in July.
There were 20 residential detached homes sold at or above $1 million in July, with the highest priced at nearly $3 million. July 2024 had 19 residential detached homes sold at or above $1 million with the highest at over $4.2 million.
MLS® sales of 238 for condominiums in July were 12% above the 213 seen last July and 9% above the 5-year average of 219. Active MLS® listings of 468 for condominiums were 1% above the 464 seen last July and 7% below the 5-year average of 501. The average price of $284,845 for a condominium in July was statistically even with last July’s $284,397 and 5% above the 5-year average of $270,861.
For July, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Linden Woods had the second most. Outside Winnipeg, the Steinbach area had the most MLS® sales in July followed by the Niverville/Ritchot area.
The most active price range for condominiums was the $100,000-$199,999 range with 79 MLS® sales which represents 33% of all condominium MLS® sales in July. The $200,000-$299,999 range was the second most active with 71 MLS® sales in July, representing 30% of all condominium MLS® sales.
“The vast areas captured in the Winnipeg Regional Real Estate Board’s market region are complex as a result of the many residential and commercial property types in cities, towns, rural areas, and lake country areas,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “It is because of this complexity that it’s imperative for buyers and sellers to contact a REALTOR® to provide professional guidance for any prospective real estate transaction. Like any specialist, REALTORS® are knowledgeable and experienced experts who can not only help you with the intricacies of the purchasing and selling process but can also save you time and money while ensuring you have peace of mind.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director External Relations & Market Intelligence.