By Jeremy Davis
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.
Residential detached homes in November saw MLS® sales of 630 which is 7% below the 677 seen last November and 4% below the 5-year average of 658. Residential detached homes saw active MLS® listings of 1,357 which is down 5% from the 1,427 seen last November and 7% below the 5-year average of 1,452. The average price of $420,121 for a residential detached home decreased 3% from last November’s $434,055 and increased 5% from the 5-year average of $398,624.
For November, East Kildonan was the neighbourhood in Winnipeg which saw the most residential detached homes sold with St. Vital, River Park South, and River Grove tied for second. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
The most active price range in November was the $300,000-$399,999 range which saw 155 MLS® sales, representing 25% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 137 MLS® sales representing 22% of all residential detached MLS® sales in November.
There were 12 residential detached homes sold at or above $1 million in November, with the highest priced at over $2 million. November 2024 had 14 residential detached homes sold at or above $1 million with the highest at over $3.5 million.
MLS® sales of 129 for condominiums in November were 15% below the 152 seen last November and 11% below the 5-year average of 146. Active MLS® listings of 403 for condominiums were 2% above the 397 seen last November and 6% below the 5-year average of 427. The average price of $272,718 for a condominium in November was 6% above last November’s $256,103 and 6% above the 5-year average of $256,835.
For November, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Linden Woods had the second most. Outside Winnipeg, the Oak Bluff/La Salle area had the most MLS® sales in November followed by the Morden/Winkler area.
The most active price range in November for condominiums was the $200,000-$299,999 range with 49 MLS® sales which represents 38% of all condominium MLS® sales in November. The $100,000-$199,999 range was the second most active with 34 MLS® sales in November, representing 26% of all condominium MLS® sales.
“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.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.