By Jeremy Davis
All MLS® sales of 752 in December 2025 were up 2% from December 2024 and up 4% from the 5-year average. Active All MLS® listings of 2,292 were down 4% and total MLS® dollar volume of over $297 million was up 9% from December 2024. Residential detached MLS® sales of 466 were statistically even while the average price of $467,378 was up 10% when compared to last year. Condominium MLS® sales of 129 were up 8% and the average price of $256,713 was down 6% from December 2024.
“2025 closed out with a new residential detached average price record for December which represents the third highest this year and on record,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “December MLS® sales for All MLS®, residential detached and condominiums were at or above last year and the 5-year averages. Notably, residential detached average prices in 2025 broke monthly records in every month except November, while condominium average prices broke monthly records in every month except for January, April, August and December.”
Year-to-date All MLS® sales of 15,180 through to the end of December 2025 were up 4%, total MLS® listings of 22,798 were statistically even while total dollar volume of over $6B was up 10% from 2024. Year-to-date residential detached MLS® sales of 10,306 were up 3% and the average price of $451,852 was up 7% when compared to last December. Condominium MLS® sales of 2,199 were statistically even and the average price of $281,927 was 3% above last year.
Residential detached homes in December saw MLS® sales of 466 which is statistically even with the 467 seen last December and 1% above the 5-year average of 463. Residential detached homes saw active MLS® listings of 910 which is down 9% from the 1,005 seen last December and 11% below the 5-year average of 1,025. The average price of $467,378 for a residential detached home increased 10% from last December’s $423,785 and increased 14% from the 5-year average of $411,776.
For December, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by the Polo Park area. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold followed by the Steinbach area.
The most active price range in December was the $300,000-$399,999 which saw 99 MLS® sales, representing 21% of all residential detached MLS® sales. The $200,000-$299,999 price range was the second most active with 79 MLS® sales representing 17% of all residential detached MLS® sales in December.
There were 13 residential detached homes sold at or above $1 million in December, with the highest priced at over $3.6 million. December 2024 had 7 residential detached homes sold at or above $1 million with the highest at over $1.8 million.
MLS® sales of 129 for condominiums in December were 8% above the 119 seen last December and 13% above the 5-year average of 115. Active MLS® listings of 284 for condominiums were 9% above the 260 seen last December and 11% below the 5-year average of 320. The average price of $256,713 for a condominium in December was 6% below last December’s $271,802 and is statistically even with the 5-year average of $257,742.
For December, Downtown was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by Waverley West. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in December followed by the Steinbach area.
The most active price range for condominiums was the $100,000-$199,999 range with 48 MLS® sales which represents 37% of all condominium MLS® sales in December. The $200,000-$299,999 range was the second most active with 45 MLS® sales in December, representing 35% of all condominium MLS® sales.
“A new year often symbolizes a fresh start and new beginnings with the hope of making our lives better with a blank canvas for the year ahead,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “If selling your home, and/or buying a new one sounds like the fresh start and new beginning you’re looking for, now is always a great time to seek out a REALTOR® to get advice and build a strategy to make this your new reality. Also, please mark February 19, 2026, on your calendars for our annual Market Insights event that brings together recaps of 2025 and forecasts for 2026 on Canada’s economy, influencing factors, and demographic trends from leading voices in the financial and real estate industries. Happy New Year, and all the best in 2026 from the Winnipeg Regional Real Estate Board.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.