By Jeremy Davis
All MLS® sales decreased compared to August 2024 and the 5-year-average while total dollar volume rose above August 2024 and the 5-year average. MLS® sales for residential detached homes and condominiums fell below August 2024 while only condominiums rose above the 5-year average. Average prices and dollar volume for residential detached homes and condominiums increased over August 2024 and the 5-year average. All MLS®, residential detached and condominium listings were down from August 2024 and the 5-year average.
“Every month in 2025, including August, has set a new residential detached average price record for that month,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Condominium average prices have followed a similar trend with six of eight months setting a new average price record. For the first month in 2025, August All MLS® and residential detached home sales decreased when compared to 2024.”
August 2025 saw All MLS® sales of 1,402 down 5% from August 2024 and down 3% from the 5-year average. Active MLS® listings of 3,624 were down 10% and total MLS® dollar volume of over $561 million up 3% from August 2024. Residential detached MLS® sales of 970 were down 5% while the average price of $450,596 was up 8% when compared to August 2024. Condominium MLS® sales of 204 were down 3% and the average price of $280,143 was up 4% from August 2024.
From a year-to-date perspective, All MLS® sales of 10,773 were up 5%, total MLS® listings of 16,635 were down 1% while total dollar volume of over $4.3B was up 12% over 2024. Year-to-date residential detached MLS® sales of 7,367 were up 5% and the average price of $456,726 was up 8% when compared to last August. Condominium MLS® sales of 1,571 were up 2% and the average price of $281,261 was up 2% above August 2024.
Residential detached homes in August saw MLS® sales of 970 which is 5% below the 1,025 seen last August and 5% below the 5-year average of 1,026. Residential detached homes saw active MLS® listings of 1,688 which is down 12% from the 1,929 seen last August and 8% below the 5-year average of 1,835. The average price of $450,596 for a residential detached home rose 8% over last August’s $416,045 and was up 10% over the 5-year average of $407,802.
For August, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Garden City/Amber Trails. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
The most active price range in August was $300,000-$399,999 which saw 243 MLS® sales, representing 25% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 214 MLS® sales representing 22% of all residential detached MLS® sales in August.
There were 13 residential detached homes sold at or above $1 million in August, with the highest priced at over $1.75 million. August 2024 had 12 residential detached homes sold at or above $1 million with the highest at $1.7 million.
MLS® sales of 204 for condominiums in August were 3% below the 210 seen last August and 1% above the 5-year average of 202. Active MLS® listings of 443 for condominiums were 4% below the 460 seen last August and 9% below the 5-year average of 488. The average price of $280,143 for a condominium in August was 4% above last August’s $270,575 and 5% above the 5-year average of $267,244.
For August, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Waverley West had the second most. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in August followed by the Steinbach area.
The most active price range for condominiums was the $200,000-$299,999 range with 66 MLS® sales which represents 32% of all condominium MLS® sales in August. The $100,000-$199,999 range was the second most active with 59 MLS® sales in August, representing 29% of all condominium MLS® sales.
“In a residential real estate market seeing unprecedented demand with limited inventory, using a REALTOR® has never been more important to support you every step of the way,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you are looking to buy or sell, REALTORS® provide invaluable advice, strategy and data-backed expertise on current market conditions to ensure your interests are always at the forefront. With access to a network of professionals, leading edge marketing and MLS® technology, and experience in negotiations, using a REALTOR® can create peace of mind as you consider a purchase or sale in a fast-moving market.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director External Relations & Market Intelligence.