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Market Release April 2026

Fri, 08 May 2026 15:28:49 GMT

Average prices continue to climb while MLS® sales keep similar pace as 5-year averages

Winnipeg, May 7, 2026 – The residential detached average price of $499,434 in April 2026 rose 8% above the previous April record set in 2025 and was up 11% from the 5-year average. Residential detached MLS® sales of 908 decreased 13% from last year but were 3% below the 5-year average. Condominium average prices rose 6% to $291,699 and MLS® sales decreased 7% from April 2025 but were 5% below the 5-year average. All MLS® 1 sales of 1,351 in March 2026 were down 11% but were 1% below the 5-year average. Active All MLS® listings of 3,266 were down 2% from last year but up 1% from the 5-year average. Total MLS® dollar volume of over $589 million was down 5% from April 2025 and up 8% from the 5-year average.

“Residential detached and condominium average prices continue to rise while MLS® sales remained lower than last year but in line with the 5-year averages,” said Dan O’Brien, 2026-2027 President of the Winnipeg Regional Real Estate Board. “The MLS® sales result of 2025 was the third best on record and while this year isn’t on pace yet, the performance relative to the 5-year averages puts things into perspective. Active listings rose 17% from March to April which is a positive sign moving forward. Notably, April represents the first month on record when the residential detached average price for Winnipeg was above $500,000 while the average price across the market region was just short of that mark.”

Year-to-date All MLS® sales of 3,889 were down 10% from 2025 and down 3% from the 5-year average, total MLS® listings of 6,850 were down 7% from last year and down 1% from the 5-year average. Total dollar volume of over $1.6B was down 5% from 2025 but up 5% from the 5-year average. Year-to-date residential detached MLS® sales of 2,485 were down 11% from last year and down 6% from the 5-year average. The average price of $473,642 was up 4% when compared to last April and up 9% from the 5-year average. Condominium MLS® sales of 592 were down 12% and the average price of $287,986 was up 6% from last year and up 7% from the 5-year average of $269,271.

Average prices continue to climb while MLS® sales keep similar pace as 5-year averages

Winnipeg, May 7, 2026 – All MLS® sales, active listings and dollar volume were below 2026 while MLS® sales were slightly below the 5-year average. Residential detached MLS® listings, sales, and dollar volume were below last April but average prices were above while active listings and MLS® sales were below the 5-year average. Condominium active listings and average prices were above April 2025, but MLS® sales and dollar volume were below while only MLS® sales fell below the 5-year average.

For April, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by River Heights.
The most active price range in April was the $400,000-$499,999 range which saw 203 MLS® sales, representing 22% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 181 MLS® sales representing 20% of all residential detached MLS® sales in April.
There were 28 residential detached homes sold at or above $1 million in April, with the highest priced at almost $4 million. April 2025 had 22 residential detached homes sold at or above $1 million with the highest priced at just over $2.2 million.

For April, the Osborne Village area was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by St. Vital and Crestview. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in April followed by the Lorette and Morden/Winkler areas.
The most active price range for condominiums was the $200,000-$299,999 range with 69 MLS® sales which represents 36% of all condominium MLS® sales in April. The $300,000-$399,999 range was the second most active with 59 MLS® sales in April, representing 31% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release March 2026

Fri, 10 Apr 2026 15:17:50 GMT

Residential detached and condominium average prices reach highest March and Q1 levels on record

Winnipeg, April 9, 2026 – The residential detached average price of $474,567 in March 2026 rose 1% above the previous March record set in 2025 while MLS® sales of 722 decreased 7% when compared to last year. Condominium average prices rose 6% to $292,696 and MLS® sales decreased 5% from March 2025. All MLS®1 sales of 1,135 in March 2026 were down 4%, active All MLS® listings of 2,802 were down 10% and total MLS® dollar volume of over $472 million was down 1% from March 2025.

“Residential detached and condominium average prices were the highest on record for March and Q1," said Dan O'Brien, 2026-2027 President of the Winnipeg Regional Real Estate Board. “After slower MLS® sales in January and February, March sales picked up en route to the third highest March total in the last five years. Inventory continues to be low and is contributing to higher prices but with warmer temperatures on the horizon, we anticipate more listings will come to the spring market."

The first quarter (Q1) of 2026 saw year-to-date All MLS® sales of 2,540 down 9%, total MLS® listings of 4,555 down 9% while total dollar volume of over $1B was down 5% from 2025. Year-to-date residential detached MLS® sales of 1,578 were down 11% and the average price of $458,771 was up 2% when compared to last March. Condominium MLS® sales of 400 were down 14% and the average price of $286,204 was up 6% from last year.

Residential detached and condominium average prices reach highest March and Q1 levels on record

Winnipeg, April 9, 2026 – All MLS® sales, active listings and dollar volume in March 2026 were below March 2025 while only dollar volume rose above the 5-year average. Residential detached MLS® sales, active listings and dollar volume were below last year, while average prices rose above. Residential detached dollar volume was statistically even with the 5-year average. Condominium MLS® sales were below March 2025 and statistically even with the 5-year average while condominium active listings, dollar volume and average prices rose above last year and the 5-year average. Q1 of 2026 saw All MLS® sales, listings and dollar volume fall below Q1 of 2025, while dollar volume rose above the 5-year average. Residential detached MLS® sales, listings and dollar volume were below Q1 of 2025 while dollar volume was statistically even with the 5-year average. Condominium MLS® sales, listings and dollar volume were below Q1 of 2025 while dollar volume rose above the 5-year average. Residential detached and condominium average prices were above Q1 of 2025 and the 5-year average.

For March, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by East Transcona. Through Q1 of 2026, Waverley West saw the most residential detached homes followed by West Kildonan. For March and Q1 of 2026 in the areas outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
For March, the most active price range was the $300,000-$399,999 range which saw 157 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 153 MLS® sales representing 21% of all residential detached MLS® sales in March.
There were 14 residential detached homes sold at or above $1 million in March, with the highest priced at almost $2 million. March 2025 had 13 residential detached homes sold at or above $1 million with the highest priced $2 million. Through Q1 of 2026, there were 34 residential detached homes sold at or above $1 million with the highest priced sale at over $3.3 million. Through Q1 of 2025, there were 37 residential detached homes sold at or above $1 million with the highest priced sale at over $2.8 million.

For March, the Osborne Village area was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by Downtown, Richmond West and Waverley West. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in March followed by the Niverville/Ritchot and Selkirk areas. For the first quarter of 2026, the Osborne Village area had the most condominium MLS® sales followed by Downtown. Outside Winnipeg, the Morden/Winkler area led the way followed by Niverville/Ritchot.
The most active price range for condominiums was the $200,000-$299,999 range with 58 MLS® sales which represents 31% of all condominium MLS® sales in March. The $100,000-$199,999 range was the second most active with 52 MLS® sales in March, representing 27% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release February 2026

Mon, 16 Mar 2026 15:35:50 GMT

Condominiums reach highest February average price as other results lag behind 2025

Winnipeg, March 5, 2026 – Residential detached average prices in February 2026 were statistically even with February 2025 while MLS® sales of 489 decreased 11% when compared to last year. Condominium average prices rose 4% to $284,086 and MLS® sales decreased 24% from February 2025. All MLS® 1 sales of 786 in February 2026 were down 11%, active All MLS® listings of 2,563 were down 8% and total MLS® dollar volume of over $314 million was down 10% from February 2025.

“Condominiums reached their highest February average price on record while residential detached average prices were statistically even with 2025,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales in 2026 have lagged behind 2025 so far but are tracking more in line with 2024, a trend I expect to see continue this year. In an environment with less choice among other property types, residential attached homes have seen increases across MLS® sales, listings, volume and average prices to start the year. With the spring market season approaching, I expect we’ll start to see market activity and inventory levels increasing soon.”

Year-to-date All MLS® sales of 1,405 through to the end of February 2026 were down 12%, total MLS® listings of 2,647 down 11% while total dollar volume of over $552M was down 9% from 2025. Year-to-date residential detached MLS® sales of 856 were down 14% and the average price of $445,448 was up 2% when compared to last February. Condominium MLS® sales of 210 were down 21% and the average price of $280,331 was up 6% above last year.

“What was clear from the presentations at the Winnipeg Regional Real Estate Board’s 2026 Market Insights event last month is that a lack of housing supply is having a noticeable impact on residential real estate markets across Canada,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “While this is currently true in our market region, the spring market season is around the corner, and it typically brings more choice to the marketplace. If you’re considering a move into the real estate market this spring, now is a great time to build a plan with a REALTOR® to get your current house ready for sale or to ensure you’re positioned when your dream home becomes available.”

Condominiums reach highest February average price as other results lag behind 2025

Winnipeg, March 5, 2026 – All MLS® sales, active listings and dollar volume in February 2026 were below February 2025 while only dollar volume rose above the 5-year average. Residential detached MLS® sales, active listings and dollar volume were below last year, and average prices were statistically even while residential detached dollar volume and average prices rose when compared to the 5-year average. Condominium MLS® sales and dollar volume were below February 2025 and the 5-year average while condominium active listings and average prices rose above last year and the 5-year average.

For February, Highland Pointe was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by the Waverley West area. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
For February, the most active price range was the $400,000-$499,999 range which saw 117 MLS® sales, representing 24% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 97 MLS® sales representing 20% of all residential detached MLS® sales in February.
There were 14 residential detached homes sold at or above $1 million in February, with the highest priced at over $3.3 million. February 2025 had 16 residential detached homes sold at or above $1 million with the highest priced at over $2.8 million.

For February, the Osborne Village area was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by River Park South. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in February followed by the Gimli area.
The most active price range for condominiums was the $200,000-$299,999 range with 37 MLS® sales which represents 31% of all condominium MLS® sales in February. The $100,000-$199,999 range was the second most active with 35 MLS® sales in February, representing 30% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release January 2026

Mon, 09 Feb 2026 16:40:18 GMT

Increased average prices, lower MLS® sales mark the start to 2026

Winnipeg, February 5, 2026 – Residential detached average prices in January 2026 rose 4% to $431,079 while MLS® sales of 367 decreased 17% when compared to last year. Condominium average prices rose 10% to $275,515 and MLS® sales decreased 16% from January 2025. All MLS®1 sales of 620 in January 2026 were down 13%, active All MLS® listings of 2,416 were down 7% and total MLS® dollar volume of over $238 million was down 7% from January 2025.

“2026 began by continuing the trend seen in 2025 with residential detached and condominium average price increases compared to last year and the 5-year average,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “MLS® sales for All MLS®, residential detached and condominiums, on the other hand, were lower than last year and the 5-year average. Active listings for residential detached homes were below last year and the 5-year average while condominiums were above last year and the 5-year average.”

“On February 19, 2026, the Winnipeg Regional Real Estate Board will host its annual Market Insights event virtually which will provide analysis on Canada’s economy, national demographic and housing trends, as well as a look at the performance of residential and commercial real estate in our market region,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “At this year’s event, we are excited to welcome keynote speaker Konrad Zmitrowicz, Senior Policy Advisory with the Bank of Canada, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, Ryan Munt, Executive Vice President of Cushman and Wakefield Stevenson, and Jeremy Davis from the Winnipeg Regional Real Estate Board.

Increased average prices, lower MLS® sales mark the start to 2026

Winnipeg, February 5, 2026 – All MLS® sales, active listings and dollar volume in January 2026 were below January 2025 while only dollar volume rose above the 5-year average. Residential detached MLS® sales, active listings and dollar volume were below last year and the 5-year average while average prices were above last year and the 5-year average. Condominium MLS® sales and dollar volume were below January 2025 and the 5-year average. Condominium active listings and average prices rose above last year and the 5-year average.

For January, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by the West Kildonan area. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
For January, the most active price range was the $300,000-$399,999 which saw 80 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 76 MLS® sales representing 21% of all residential detached MLS® sales in January.
There were 6 residential detached homes sold at or above $1 million in January, with the highest priced at over $1.7 million. January 2025 had 8 residential detached homes sold at or above $1 million with the highest priced at over $1.7 million.

For January, Fort Richmond, Crestview, and Downtown were the neighbourhoods in Winnipeg with the most condominium MLS® sales followed by Fort Garry and Sage Creek. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in January followed by the Steinbach and Niverville/Ritchot areas.
The most active price range for condominiums was the $200,000-$299,999 range with 33 MLS® sales which represents 36% of all condominium MLS® sales in January. The $100,000-$199,999 range was the second most active with 27 MLS® sales in January, representing 29% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release December 2025

Mon, 12 Jan 2026 18:48:19 GMT

2025 trends of increased MLS® sales and average prices mark December’s real estate market results

Winnipeg, January 8, 2026 – 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 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.

“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.”

2025 trends of increased MLS® sales and average prices mark December’s real estate market results

Winnipeg, January 8, 2026 – All MLS® sales and dollar volume were up when compared to December 2024 and the 5-year average while active MLS® listings were down from last year and the 5-year average. Residential detached MLS® sales were statistically even while dollar volume and average prices were above last year and the 5-year average. Condominium MLS® sales and dollar volume were above last year and the 5-year average while average prices decreased from December 2024 and were statistically even with the 5-year average. From a year-to-date perspective, All MLS® sales and dollar volume rose above 2024 while total listings remained statistically even. Residential detached MLS® sales, dollar volume and average prices rose above 2024 while listings fell below. Condominium MLS® sales were statistically even while the number of listings, dollar volume and average prices rose above 2024.

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.
For December, the most active price range 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.

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.

Source: Winnipeg Regional Real Estate Board.

Market Release November 2025

Mon, 08 Dec 2025 17:59:55 GMT

Year-to-date real estate performance continues to shine while November market results show slight decline

Winnipeg, December 4, 2025 – Year-to-date All MLS®1 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.

“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.”

Year-to-date real estate performance continues to shine while November market results show slight decline

Winnipeg, December 4, 2025 – All MLS® sales, dollar volume and active listings were down when compared to November 2024 and the 5-year average. Residential detached MLS® sales, active listings, dollar volume and average prices were below last year while only average prices rose above the 5-year average. Condominium active listings and average prices rose above 2024 while MLS® sales and dollar volume fell below. From a year-to-date perspective, All MLS® sales and dollar volume rose above 2024 while active listings remained statistically even. Residential detached MLS® sales, dollar volume and average prices rose above 2024 while listings fell below. Condominium MLS® sales were statistically even while the number of listings, dollar volume and average prices rose above 2024.

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.
For November, the most active price range 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.

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 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.

Source: Winnipeg Regional Real Estate Board.

Market Release October 2025

Fri, 07 Nov 2025 18:04:21 GMT

Average prices continue the 2025 trend of monthly and year-to-date records

Winnipeg, November 6, 2025 – October 2025 saw All MLS®1 sales of 1,344 up 1% from October 2024 and up 6% from the 5-year average. Active MLS® listings of 3,519 were down 3% and total MLS® dollar volume of over $540 million up 7% from October 2024. Residential detached MLS® sales of 914 were down 1% while the average price of $442,104 was up 4% when compared to October 2024. Condominium MLS® sales of 171 were down 19% and the average price of $297,428 was up 12% from October 2024.

“Residential detached homes have set new monthly and year-to-date average price records in every month while condominiums have followed in most months of 2025," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “October average prices for residential detached homes and condominiums increased month over month for the fifth time in 2025. Year-to-date All MLS® sales are tracking as the third highest on record while dollar volume is the second highest through to the end of October."

From a year-to-date perspective, All MLS® sales of 13,502 were up 5%, total MLS® listings of 20,679 statistically even while total dollar volume of over $5.4B up 12% from 2024. Year-to-date residential detached MLS® sales of 9,213 were up 4% and the average price of $453,260 was up 7% when compared to last October. Condominium MLS® sales of 1,941 were up 1% and the average price of $284,215 was up 3% above October 2024.

“The trend of average price increases in 2025 underscores how valuable it is to have a REALTOR® working for you if you're searching for your next home," said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “A REALTOR® will help you identify your top priorities while highlighting properties in different price ranges and neighbourhoods that might be a fit within your price range. With access to the latest market trends, data analytics, and MLS® statistics, a REALTOR® will give you an edge in a fast-moving market while keeping your priorities top of mind."

Average prices continue the 2025 trend of monthly and year-to-date records

Winnipeg, November 6, 2025 – All MLS® sales and dollar volume were up while active listings were down when compared to October 2024. Residential detached dollar volume and average prices rose above 2024 while active listings and MLS® sales fell below. Condominium active listings and average prices rose above 2024 while MLS® sales and dollar volume fell below. From a year-to-date perspective, All MLS® sales and dollar volume rose above 2024 while active listings remained statistically even. Residential detached and condominium MLS® sales, dollar volume and average prices rose above 2024 while only residential detached listings fell below.

For October, there was a three-way tie for the neighbourhood in Winnipeg which saw the most residential detached homes sold between St. Vital, West Kildonan, and Polo Park. There was a four-way tie for second most, between Waverley West, River Park South, Devonshire Park, and East Transcona. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold followed by the Steinbach area.
For October, the most active price range was the $300,000-$399,999 which saw 253 MLS® sales, representing 28% of all residential detached MLS® sales. The $200,000-$299,999 price range was the second most active with 122 MLS® sales representing 13% of all residential detached MLS® sales in October.
There were 23 residential detached homes sold at or above $1 million in October, with the highest priced at over $3.4 million. October 2024 had 16 residential detached homes sold at or above $1 million with the highest at over $2.3 million

For October, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Waverley West had the second most. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in September followed by the Steinbach area

The most active price range for condominiums was the $200,000-$299,999 range with 56 MLS® sales which represents 33% of all condominium MLS® sales in October. The $100,000-$199,999 range was the second most active with 44 MLS® sales in September, representing 26% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release September 2025

Fri, 10 Oct 2025 18:10:40 GMT

September and year-to-date real estate market performance warms up with increases to MLS® sales, dollar volume and average prices

Winnipeg, October 7, 2025 – September 2025 saw All MLS®1 sales of 1,391 up 12% from September 2024 and up 7% from the 5-year average. Active MLS® listings of 3,704 were down 8% and total MLS® dollar volume of over $547 million up 17% from September 2024. Residential detached MLS® sales of 935 were up 6% while the average price of $436,507 was up 6% when compared to September 2024. Condominium MLS® sales of 201 were up 16% and the average price of $297,213 was up 7% from September 2024.

“Like the weather, September’s real estate market performance warmed up with increases to MLS® sales, dollar volume and average prices,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Residential detached and condominium average prices reached new records for the month of September and totals through three quarters of 2025. September MLS® sales and dollar volume for All MLS®, residential detached and condominiums were above last year and the 5-year average while three quarter totals show residential detached MLS® sales slightly below the 5-year average. Year-to-date All MLS® sales continue to track as the third highest on record and only 103 sales short of the second highest in 2020.”

From a year-to-date perspective, All MLS® sales of 12,161 were up 6%, total MLS® listings of 18,892 statistically even while total dollar volume of over $4.8B up 12% from 2024. Year-to-date residential detached MLS® sales of 8,300 were up 5% and the average price of $454,488 was up 8% when compared to last September. Condominium MLS® sales of 1,771 were up 4% and the average price of $282,922 was up 2% above September 2024.

“The increases seen in the real estate market performance through three quarters of 2025 underscores how valuable it is to have a REALTOR® working for you during your next home purchase or sale,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “With their deep knowledge of current trends, comparative market analyses, and decades of real estate market data at their fingertips, REALTORS® will build a strategy with your best interests in mind. Whether you’re buying or selling, a REALTOR® will ensure your interests are always at the forefront and provide you with invaluable support in a competitive market environment.”

September and year-to-date real estate market performance warms up with increases to MLS® sales, dollar volume and average prices

Winnipeg, October 7, 2025 – All MLS® sales and dollar volume for September 2025 were up over last year and the 5-year-average. MLS® sales, dollar volume and average prices for residential detached homes and condominiums increased over September 2024 and the 5-year average. Active listings for All MLS®, residential detached, condominiums were down from last year and the 5-year average. Meanwhile, All MLS® sales and dollar volume through three quarters of 2025 were up from last year with sales falling slightly below the 5-year average. Similarly, residential detached and condominium sales, dollar volume and average prices were up when compared to last year while residential detached sales fell below the 5-year average through three quarters of 2025. Total listings through three quarters of 2025 were up for All MLS® and condominiums while residential detached listings were down compared with 2024. When compared to the 5-year average, All MLS® total listings were up while residential detached and condominiums were down.

For September, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in River Park South. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
Through three quarters of 2025, Waverley West was the neighbourhood in Winnipeg which has seen the most residential detached homes sold with the second most coming in East Transcona. Outside Winnipeg, the Steinbach area has seen the most residential detached homes sold followed by the Morden/Winkler area.
For September, the most active price range was $300,000-$399,999 which saw 209 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 204 MLS® sales representing 21.8% of all residential detached MLS® sales in September.
There were 16 residential detached homes sold at or above $1 million in September, with the highest priced at over $2.2 million. September 2024 had 9 residential detached homes sold at or above $1 million with the highest at over $3 million. Through three quarters of 2025, there were 162 homes sold at or above $1 million with the highest priced at over $3 million while 2024 saw 119 homes sold at or above $1 million with the highest priced at over $4.2 million.

For September, Osborne Village was the neighbourhood in Winnipeg with the most condominium MLS® sales and Fort Richmond had the second most. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in September followed by the Gimli area.
Through three quarters of 2025, Osborne Village has led the way for condominium MLS® sales in Winnipeg with tie for second most between Waverley West and Downtown. Outside Winnipeg, the Morden/Winkler areas has led the way followed by the Niverville/Ritchot area.
The most active price range for condominiums was the $200,000-$299,999 range with 68 MLS® sales which represents 34% of all condominium MLS® sales in September. The $100,000-$199,999 range was the second most active with 56 MLS® sales in September, representing 28% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release August 2025

Wed, 10 Sep 2025 15:13:54 GMT

MLS® sales decrease while residential detached and condominium average prices rise to highest August level

Winnipeg, September 9, 2025 – 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.

“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.”

From a year-to-date perspective, All MLS® sales of 10,773 were up 5%, total MLS® listings of 16,635 down 1% while total dollar volume of over $4.3B 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.

“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."

MLS® sales decrease while residential detached and condominium average prices rise to highest August level

Winnipeg, September 9, 2025 – 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.

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.
For August, the most active price range 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.

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.

Source: Winnipeg Regional Real Estate Board.

Market Release July 2025

Fri, 08 Aug 2025 15:22:28 GMT

MLS® sales and average price gains in July outpace market performance in recent years

Winnipeg, August 7, 2025 – 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% and total MLS® dollar volume of over $646 million up 12% from July 2024. Residential detached MLS® sales of 1,131 were up 9% while the average price of $443,635 was up 2% when compared to July 2024. Condominium MLS® sales of 238 were up 12% and the average price of $284,845 was statistically even with last July.

“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."

From a year-to-date perspective, All MLS® sales of 9,374 were up 7%, total MLS® listings of 14,567 down 1% while total dollar volume of over $3.7B 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.

“While May is typically the time when cottage owners begin warm weather preparations on their properties, it is August when we see the most Lake Country MLS® sales activity,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “When looking to buy in Lake Country, there are many things to consider, like location, property access, distance to amenities, access to water, wastewater removal, winterization and rural municipal services, to name a few. REALTORS® have the expertise, data, technology, and a network of professionals to help ensure a smooth transaction whether you’re looking to purchase or sell in Lake Country.”

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba - East Side, Lake Winnipeg - East Side, Lake Winnipeg - West Side and Winnipeg River. A description of the areas are as follows:

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookfield South (R18) and Poplar Bay (R28).

First-half 2025 MLS® sales were at or above last year in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Winnipeg River but down on Lake Winnipeg – East Side. All areas were below the 5-year average except for Lake Winnipeg – West Side.

First-half 2025 MLS® listings were also up over last year in Lac du Bonnet, Lake Manitoba – East Side and Lake Winnipeg – West Side but down on Lake Winnipeg - East Side and Winnipeg River. MLS® listings were up over the 5-year average in Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – West Side and Lake Winnipeg – East Side but down in Winnipeg River.

Average prices increased in the first half for all areas but Winnipeg River when compared to the first half of last year and the 5-year average.

“When looking at the statistics from the individual Lake Country areas, it is clear that each area has its own real estate market dynamics," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “While average prices were up in almost all areas, the performance of listings and MLS® sales varied depending on the areas of focus. The variation seen in these local markets show why a licensed, professional REALTOR® can be invaluable whether you're looking to buy or sell in Lake Country!"

MLS® sales and average price gains in July outpace market performance in recent years

Winnipeg, August 7, 2025 – 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 even with the 5-year average.

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.
For July, the most active price range 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.

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.

Source: Winnipeg Regional Real Estate Board.

Market Release June 2025

Wed, 09 Jul 2025 15:12:54 GMT

Rising average prices in June bookend a theme for the first half of 2025

Winnipeg, July 8, 2025 – The real estate market performance in June saw All MLS® sales of 1,671 up 6% over June 2024 and 3% below the 5-year average. Active MLS® listings of 3,716 were down 10% and total MLS® dollar volume of over $707 million up 14% from June 2024. Residential detached MLS® sales of 1,211 were up 8% while the average price of $473,131 was up 8% when compared to June 2024. Condominium MLS® sales of 227 were up 10% and the average price of $291,647 up 7% over last June.

“No other June in our history has recorded higher residential detached and condominium average prices than June 2025," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Average prices for residential detached homes and condominiums in the first half of 2025 were above last year and the 5-year average. There were 48% more residential detached homes sold at or above $1 million in June 2025 than in June 2024. For the fourth consecutive month in 2025, most residential detached homes were sold above list price."

From a year-to-date perspective, All MLS® sales of 7,760 were up 7%, total MLS® listings of 12,301 were down 1% while total dollar volume of over $3.1B was up 14% over 2024. Year-to-date residential detached MLS® sales of 5,274 were up 6% and the average price of $460,790 was up 9% when compared to last June. Condominium MLS® sales of 1,129 and the average price of $280,707 were both 1% above June 2024.

Rising average prices in June bookend a theme for the first half of 2025

Winnipeg, July 8, 2025 – All MLS® sales and dollar volume in June 2025 increased compared to June 2024 and only dollar volume rose above the 5-year-average. Residential detached homes and condominiums saw increases to MLS® sales, dollar volume and average prices over June 2024 while only dollar volume and average prices rose above the 5-year average. Total All MLS®, residential detached and condominium sales and dollar volumes in the first half of 2025 were above last year while only the dollar volumes rose above the 5-year average. First half average prices for residential detached homes and condominiums were above last year and the 5-year average.

For June, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in River Park South. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Gimli area.
For the first half of 2025, Waverley West saw the most residential detached homes sold in Winnipeg, followed by East Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
For June, the most active price range was $400,000-$499,999 which saw 295 MLS® sales, representing 24% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 251 MLS® sales representing 21% of all residential detached MLS® sales in June.
Of the areas in Winnipeg with at least 10 MLS® sales in June, Silver Heights experienced the highest year-over-year residential detached average price increase, moving up 33% to $475,166 from $355,968 in June 2024. Outside Winnipeg, the La Salle area experienced the highest residential detached average price increase of 45%, moving up to $755,200 from $521,250 in June 2024.
There were 31 residential detached homes sold at or above $1 million in June, with the highest priced at over $2.3 million. June 2024 had 21 residential detached homes sold at or above $1 million with the highest at over $1.7 million.

For June, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales with a tie for second most between Waverley West and Crestview. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in June followed by the La Salle and Morris areas.
For the first half of 2025, Osborne Village saw the most condominiums sold in Winnipeg followed by Downtown. Outside Winnipeg, the Morden/Winkler area led the way followed by the Niverville/Ritchot area.
The most active price range for condominiums was the $200,000-$299,999 range with 76 MLS® sales which represents 33% of all condominium MLS® sales in June. The $100,000-$199,999 range was the second most active with 59 MLS® sales in June, representing 26% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release May 2025

Mon, 09 Jun 2025 14:49:10 GMT

Residential detached and condominium average prices rise to record levels in May

Winnipeg, June 6, 2025 – The real estate market performance in May saw All MLS® sales of 1,789 up 4% over May 2024 and 3% above the 5-year average. Active MLS® listings of 3,650 were down 11% and total MLS® dollar volume of over $737 million up 12% from May 2024. Residential detached MLS® sales of 1,259 were up 6% while the average price of $459,320 was up 8% when compared to May 2024. Condominium MLS® sales of 232 were down 16% and the average price of $297,864 up 7% over last May.

“May 2025 recorded the highest monthly condominium average price ever recorded in our market region," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “This was the best May on record for All MLS® total dollar volume and also residential detached average prices and dollar volume. From a year-to-date perspective, residential detached and condominium average prices were the highest on record through the first five months of a year."

From a year-to-date perspective, All MLS® sales of 6,094 were up 7%, total MLS® listings of 9,945 were down 1% while total dollar volume of over $2.4B was up 14% over 2024. Year-to-date residential detached MLS® sales of 4,067 were up 6% and the average price of $456,972 was up 9% when compared to last May. Condominium MLS® sales of 902 and the average price of $277,954 were both statistically even with May 2024.

“In a fast-moving real estate market, it's essential to have a plan and working with a knowledgeable REALTOR® can prove invaluable for buyers and sellers," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you are buying or selling, knowledge is power, and a REALTOR® will build a personalized strategy catered to you. With access to the latest MLS® market data, a REALTOR® will have your best interests in mind to help you get the best possible price in a purchase or sale."

Residential detached and condominium average prices rise to record levels in May

Winnipeg, June 6, 2025 – All MLS® sales and dollar volume in May 2025 increased compared to May 2024 and the 5-year-average. All MLS® active listings were down from May 2024 but up from the 5-year average. Residential detached homes saw increases to MLS® sales, dollar volume and average prices over May 2024 and the 5-year average. Condominiums, on the other hand, saw decreases to MLS® sales and dollar volume but an increase to average prices from May 2024 and the 5-year average.

For May, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in East Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.
The most active price range was $400,000-$499,999 which saw 315 MLS® sales, representing 25% of all residential detached MLS® sales in May. The $300,000-$399,999 price range was the second most active with 271 MLS® sales representing 22% of all residential detached MLS® sales in May.
There were 23 residential detached homes sold over $1 million in May, with the highest priced at over $3 million. May 2024 had 18 residential detached homes sold over $1 million with the highest price at over $3.5 million.

For May, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Fort Richmond. Outside Winnipeg, the Niverville/Ritchot area had the most MLS® sales in May followed by the La Salle area.
The most active price range for condominiums was the $200,000-$299,999 range with 80 MLS® sales which represents 35% of all condominium MLS® sales in May. The $300,000-$399,999 range was the second most active with 52 MLS® sales in May, representing 22% of all condominium MLS® sales.
There was one condominium sold over $1 million in May, coming in at just over $1.5 million.

Source: Winnipeg Regional Real Estate Board.

Market Release April 2025

Wed, 07 May 2025 17:49:45 GMT

Spring real estate market begins with growth in April

Winnipeg, May 7, 2025 – April’s real estate market performance saw All MLS® sales of 1,523 up 8% over April 2024 and 1% above the 5-year average. Active MLS® listings of 3,339 were down 13% from last April and total MLS® dollar volume of over $623 million up 12% from April 2024. Residential detached MLS® sales of 1,043 were up 7% while the average price of $465,402 was up 7% when compared to April 2024. Condominium MLS® sales of 206 were down 4% and the average price of $274,483 down 4% over last April.

“April 2025 represents the second-best April on record in terms of All MLS® sales and total dollar volume, behind only 2021," said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “The year-to-date real estate market performance through April 2025 represents the third highest totals for All MLS® sales and total dollar volume. April 2025 has recorded the second highest residential detached average price, falling just short of the record set in March 2025."

From a year-to-date perspective, All MLS® sales of 4,313 were up 8%, total MLS® listings of 7,347 were down 2% while total dollar volume of over $1.7B was up 15% over 2024. Year-to-date residential detached MLS® sales of 2,813 were up 6% and the average price of $457,125 was up 9% when compared to last April. Condominium MLS® sales of 670 were up 6% and the average price of $271,059 was down 2% over last April.

“Spring brings new beginnings — and in real estate, it's a season full of possibility," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you're searching for your next home or preparing to say goodbye to one filled with memories, a REALTOR® offers both expert guidance and genuine support. They bring trusted market knowledge and a steady hand to help you navigate one of life's biggest decisions with confidence and care."

Winnipeg, May 7, 2025 – For April 2025, All MLS® sales and dollar volume were up when compared to last April and the 5-year average. All MLS® active listings were down from April 2024 but up from the 5-year average. Residential detached homes saw increases to MLS® sales, dollar volume and average prices over April 2024. Condominiums, on the other hand, saw decreases to MLS® sales, dollar volume and average prices.

For April, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in Charleswood. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.
There were 23 residential detached homes sold over $1 million in April, with the highest priced at $4 million. April 2024 had 18 residential detached homes sold over $1 million with the highest price at just over $2 million

For April, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Waverley West. Outside Winnipeg, the Steinbach area had the most MLS® sales in April followed by the Morden/Winkler area.
The most active price range for condominiums was the $175,000-$199,999 range with 26 MLS® sales which represents 13% of all condominium MLS® sales in April. The $225,000-$249,999 range was the second most active with 22 MLS® sales in April, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release March 2025

Wed, 16 Apr 2025 14:07:56 GMT

Strong MLS® sales in the first quarter of 2025 while March sets new average price record

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."

Strong MLS® sales in the first quarter of 2025 while March sets new average price record

Winnipeg, April 8, 2025 – For March 2025, All MLS® sales and dollar volume were up when compared to last March but below the 5-year average. All MLS® active listings were down from March 2024 but up from the 5-year average. Residential detached homes, and condominiums saw increases to MLS® sales, dollar volume and average prices over March 2024. First quarter 2025 All MLS® sales and dollar volume was above first quarter 2024 totals with MLS® sales falling below the 5-year average and dollar volume rising above. First quarter 2025 residential detached homes saw increases to MLS® sales, dollar volume and average prices when compared to first quarter 2024 while only MLS® sales fell below the 5-year average. First quarter 2025 condominiums saw increases over last year to MLS® sales and dollar volume while average prices fell below.

For March and for the first quarter of 2025, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in East
Transcona. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.
The most active price range was $600,000-$699,999 which saw 80 MLS® sales, representing 10% of all residential detached MLS® sales in March. The $550,000-$599,999 price range was the second most active with 69 MLS® sales representing 9% of all residential detached MLS® sales in March.
There were 13 residential detached homes sold at or above $1 million in March, with the highest priced at $2 million. March 2024 had 4 residential detached homes sold at or above $1 million with highest price at just over $1.2 million.
The first quarter of 2025 has recorded 37 residential detached homes sold at or above $1 million, this contrasts with the 18 residential detached homes sold through the first quarter of 2024.

For March, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie for the second most in Downtown, Waverley West and Richmond West. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in March followed by a tie for second most between the Niverville and Selkirk areas.
For the first quarter of 2025, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Downtown. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in the first quarter of 2025, followed by the Niverville area.
The most active price range for condominiums was the $150,000-$174,999 range with 27 MLS® sales which represents 14% of all condominium MLS® sales in March. The $225,000-$249,999 range was the second most active with 22 MLS® sales in March, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release February 2025

Fri, 07 Mar 2025 15:29:32 GMT

Residential detached homes in February reach highest monthly average price on record

Winnipeg, March 7, 2025 – February saw All MLS® sales of 885 up 11% over February 2024, and 2% below the 5-year average. Active MLS® listings of 2,787 were down 15% from last February and total MLS® dollar volume of over $348 million up 27% from February 2024. Residential detached MLS® sales of 550 were up 11% while the average price of $458,064 was up 14% when compared to February 2024. Condominium MLS® sales of 156 were up 19% and the average price of $274,036 up 2% over last February.

"February 2025 is now the single month with the highest residential detached average price ever recorded, surpassing the previous record of May 2022 by just over $3,000," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “February represents the seventh consecutive month in which the All MLS® sales total was that month's third best result on record and the eighth consecutive month with All MLS® sales increases over the previous year."

“Despite recent increases to average prices, the Winnipeg Regional Real Estate Board's market region continues to be one of the most affordable real estate markets in Canada and that's good news for those looking to realize the dream of homeownership," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® are your go-to source for the most up-to-date market statistics, trends and market conditions in each MLS® area. Whether you need advice on buying a new property, insights into the current market, or ideas on how to renovate your current home to get the best price in a sale, REALTORS® are there to help you get through the process."

Residential detached homes in February reach highest monthly average price on record

Winnipeg, March 7, 2025 – February 2025's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last February with All MLS® sales falling below the 5-year average. All MLS® active listings were down from February 2024 but up from the 5-year average. Residential detached, condominium, and residential attached homes saw double digit increases to MLS® sales over 2024 while only residential detached homes fell below the 5-year average. All three of these property types saw increases to dollar volumes and average prices over last year and the 5-year average.

For February, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with the second most coming in St. James. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was in the Morden/Winkler area.
The most active price range was $600,000-$699,999 which saw 69 MLS® sales, representing 13% of all residential detached MLS® sales in February. The $350,000-$374,999 price range was the second most active with 46 MLS® sales representing 8% of all residential detached MLS® sales in February.
There were 16 residential detached homes sold over $1 million in February, with the highest priced at almost $3 million. February 2024 had 8 residential detached homes over $1 million.

For February, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie for the second most in Downtown and Waverley West.
The most active price range for condominiums was the $175,000-$199,999 range with 20 MLS® sales which represents 13% of all condominium MLS® sales in February. The $200,000-$224,999 was the second most active with 14 MLS® sales in February, representing 9% of all condominium MLS® sales.
There was 1 condominium sold in February for over $2.2 million.

Source: Winnipeg Regional Real Estate Board.

Market Release January 2025

Fri, 07 Feb 2025 17:29:42 GMT

Monthly trend of increased MLS® sales over the previous year continues in 2025

Winnipeg, February 7, 2025 – January saw All MLS® sales of 722 up 10% over January 2024, and 1% above the 5-year average. Active MLS® listings of 2,597 were down 14% from last January and total MLS® dollar volume of over $258 million up 9% from January 2024. Residential detached MLS® sales of 447 were up 1% while the average price of $413,247 was up 4% when compared to January 2024. Condominium MLS® sales of 111 were up 12% and the average price of $249,793 down 10% over last January.

"January is the seventh consecutive month with All MLS® sales increases over the previous year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Going back to August of 2024, January also represents the sixth consecutive month in which the All MLS® sales total was that month's third best result on record. The All MLS® total dollar volume was the second-best January in our history, behind the best result which occurred in 2021."

“On February 20, 2025, the Winnipeg Regional Real Estate Board will host its annual Market Insights event virtually which will provide analysis on the economy and housing at the national level, as well as a look at the performance of residential and commercial real estate in our market region," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. In addition to Jeremy Davis from the Winnipeg Regional Real Estate Board, we are excited to welcome keynote speaker Derek Holt, Vice President and Head of Capital Markets Economics with Scotiabank, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, and Sean Kliewer, Senior Vice President with Colliers International, for insights into economic trends, real estate results, and forecasts for 2025. For more information on the 2025 Market Insights event, please visit: https://www.winnipegregionalrealestateboard.ca/community/market-insights"

Monthly trend of increased MLS® sales over the previous year continues in 2025

Winnipeg, February 7, 2025 – January 2024's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last January and the 5-year average. All MLS® active listings were down from January 2024 but up from the 5-year average. Residential detached, condominium, and residential attached homes saw increases to MLS® sales over 2024 while only residential detached homes fell below the 5-year average. Dollar volumes were up over last year for residential detached and attached homes while condominiums were statistically even but all three rose above the 5-year average. Average prices for residential detached homes were above last year and the 5-year average while condominiums and residential attached homes were below last year but above the 5-year average.

For January, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with a tie for the second most MLS® sales in Windsor Park and West Kildonan. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was the Niverville/Ritchot area.
The $375,000-$399,999 price range was the most active with 34 MLS® sales representing 8% of all residential detached MLS® sales in January. The second most active price range was $600,000-$699,999 which saw 33 MLS® sales, representing 7% of all residential detached MLS® sales in January.
There were 8 residential detached homes sold over $1 million in January, with the highest priced at over $1.7 million. January 2024 had 7 residential detached homes over $1 million.

For January, River Heights was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Osborne Village.
The most active price range for condominiums was the $150,000-$174,999 range with 19 MLS® sales which represents 17% of all condominium MLS® sales in January. The $225,000-$249,999 was the second most active with 12 MLS® sales in January, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release December 2024

Mon, 13 Jan 2025 15:25:33 GMT

Year-end surge in December MLS® sales leads to second consecutive record month

Winnipeg, January 9, 2025 – To close out 2024, December saw All MLS® sales of 742 up 19% over December 2023, and 3% lower than the 5-year average. Active MLS® listings of 2,393 were down 19% from last December and total MLS® dollar volume of over $272 million up 22% from December 2023. Residential detached MLS® sales of 468 were up 15% while the average price of $423,908 was up 4% when compared to December 2023. Condominium MLS® sales of 120 were up 18% and the average price of $272,728 up 1% over last December.

"Similar to November, total December MLS® sales for all property types represented the third best December result on record," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “December represents the eighth month in 2024, and third consecutive month, when there were double digit increases for total All MLS® sales for all property types. December MLS® sales, average prices and dollar volume for the main three property types were higher than last year while all but residential detached MLS® sales were higher than the 5-year average."

Year-to-date All MLS® sales of 14,597 were up 13%, total MLS® listings of 22,858 were up 2% while dollar volume of over $5.5B was up 20% over 2023. Year-to-date residential detached MLS® sales of 9,987 were up 11% and the average price of $423,878 was up 6% when compared to last December. Condominium MLS® sales of 2,194 were up 13% and the average price of $274,201 was up 6% over last December. Year-to-date residential attached MLS® sales of 1,039 were up 21% and the average price of $365,965 was up 10% over last year.

“The start of a new year is an exciting time when many people are looking for new beginnings and a fresh start," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Fortunately, REALTORS® specialize in creating fresh starts and have the tools and expertise at their disposal to not only assist buyers and sellers in getting the best price but also to help provide professional advice at every step in the process. For anyone looking for a fresh start in a new home in 2025, I encourage you to pick up this week's issue of the Winnipeg Regional Real Estate News to view listings, open houses and to find a REALTOR®."

Year-end surge in December MLS® sales leads to second consecutive record month

Winnipeg, January 9, 2025 – December 2024's real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last December and the 5-year average. All MLS® active listings were down from December 2023 but even with the 5-year average. Apart from the 5-year average for residential detached MLS® sales, all three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume, and average prices.

For December, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Morden/Winkler area had the most residential detached homes sold while the second most was tied between the areas of Steinbach and West St. Paul.
There were 6 residential detached homes sold at or above $1 million in December, with the highest price at almost $2 million. December 2023 also had 6 residential detached homes sold at or above $1 million.
The $600,000-$699,999 price range was the most active with 48 MLS® sales representing 10% of all residential detached MLS® sales in December. The second most active price range was $400,000-$424,999 which saw 34 MLS® sales, representing 7% of all residential detached MLS® sales in December.

For December, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Downtown.
The most active price range for condominiums was the $200,000-$224,999 range with 17 MLS® sales which represents 14% of all condominium MLS® sales in December. The $225,000-$249,999 was the second most active with 13 MLS® sales in December, representing 11% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release November 2024

Mon, 16 Dec 2024 16:00:46 GMT

Late 2024 real estate market heats up with third best
November MLS® sales on record

Winnipeg, December 10, 2024 – November saw All MLS® sales of 1,045 up 24% over November 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,321 were down 12% from last November and total MLS® dollar volume of over $397 million up 40% from November 2023. Residential detached MLS® sales of 678 were up 20% while the average price of $433,968 was up 16% when compared to November 2023. Condominium MLS® sales of 153 were up 28% and the average price of $255,997 up 4% over last November.

"For the first time in 2024, MLS® sales for the main three property types saw increases of at least 20% over 2023,” said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “November represents the seventh month in 2024, and second consecutive month, when there were double digit increases for total All MLS® sales for all property types. Average prices for the main three property types were higher than last year and the 5-year average. On a year-to-date basis, total MLS® sales, listings and dollar volume were all higher than last year and the 5-year average.”

Year-to-date All MLS® sales of 13,859 were up 12%, total MLS® listings of 22,054 were up 2% while dollar volume of over $5.2B was up 20% over 2023. Year-to-date residential detached MLS® sales of of 9,520 were up 11% and the average price of $423,969 was up 6% when compared to last November. Condominium MLS® sales of 2,075 were up 13% and the average price of $274,270 was up 6% over last November. Year-to-date residential attached MLS® sales of 970 were up 19% and the average price of $364,776 was up 9% over last year.

“While there are many important holidays which involve gatherings of friends and family, there is only one time of year when people say they’re ‘home for the holidays’,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This is a time when the true value of a home comes into focus and forms the backdrop for great times shared and lifelong memories. If you’re looking for a home this holiday season, remember that REALTORS® will help you find a home that will help you write your next chapter so you can create those festive memories we all hold dear. Happy holidays!”

Late 2024 real estate market heats up with third best
November MLS® sales on record

Winnipeg, December 10, 2024 – November’s real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last November and the 5-year average. All MLS® active listings were down from November 2023 but higher than the 5-year average. With the exception of the 5-year average for residential detached MLS® sales, all three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume and average prices.

For November, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was tied between the areas of Morden/Winkler and Gimli.
There were 14 residential detached homes sold at or above $1 million in November, with the highest price at just over $3.5 million. November 2023 had 5 residential detached homes sold at or above $1 million.
The $375,000-$399,999 price range was the most active with 53 MLS® sales representing 8% of all residential detached MLS® sales in November. The second most active price range was $350,000-$374,999 which saw 50 MLS® sales, representing 7% of all residential detached MLS® sales in November.

For November, Downtown was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by a tie between Osborne Village and West Fort Garry for 2nd most MLS® sakes.
The most active price range for condominiums was the $200,000-$224,999 range with 20 MLS® sales which represents 13% of all condominium MLS® sales in November. The $150,000-$174,999 was the second most active with 16 sales each in November, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release October 2024

Wed, 13 Nov 2024 16:54:10 GMT

Solid October real estate market results through ten months of 2024

Winnipeg, November 7, 2024 – October saw All MLS® sales of 1,337 up 7% over September, up 19% over October 2023, and 1% higher than the 5-year average. Active MLS® listings of 3,624 were down 10% and total MLS® dollar volume of over $508 million up 28% over October 2023. Residential detached MLS® sales of 927 were up 19% while the average price of $427,237 was up 7% when compared to October 2023. Condominium MLS® sales of 212 were up 24% and the average price of $265,083 up 2% over last October.

"October marks the third month in 2024 when MLS® sales across the three main property types were at or above 2023 and the 5-year average, and the fourth consecutive month with MLS® sales increases over 2023 and 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “October MLS® sales across the main three property types all saw double digit increases over October 2023 with residential detached homes up 19%, residential attached homes up 27%, and condominiums up 24%, resulting in the second-best October on record for condominium MLS® sales. On a year-to-date basis, total MLS® sales through to the end of October are the fourth highest on record."

Year-to-date All MLS® sales of 12,822 were up 12%, total MLS® listings of 20,692 were up 2% while dollar volume of over $4.8B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 8,848 were up 10% and the average price of $423,217 was up 6% when compared to last October. Condominium MLS® sales of 1,923 were up 11% and the average price of $275,777 was up 6% over last October. Year-to-date residential attached MLS® sales of 885 were up 18% and the average price of $365,218 was up 10% over last year.

“Recently in October, REALTOR® Members and staff from the Winnipeg Regional Real Estate Board joined REALTORS®, real estate boards, and associations from across Canada for the Canadian Real Estate Associations' Political Action Committee (PAC) Days Conference in Ottawa to advocate on the current housing crisis," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “This year's advocacy to the federal government included recommendations on embracing offsite construction technologies, creating a national housing secretariat, and extending HST/GST relief to non-profit affordable housing providers like Habitat for Humanity. As we navigate the challenges and opportunities in today's housing market, the Winnipeg Regional Real Estate Board along with its partner organizations, will continue to contribute meaningful recommendations to address the housing crisis and support the needs of our communities."

Solid October real estate market results through ten months of 2024

Winnipeg, November 7, 2024 – The real estate market results for October 2024 saw increases to All MLS® sales, and dollar volume when compared to last month and October 2023. All MLS® active listings were down from October 2023 but higher than the 5-year average. All three of the main property types of residential detached, condominium, and residential attached homes saw results which were at or above 2023 and the 5-year average for MLS® sales, dollar volume and average prices.

For October, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Polo Park recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
There were 17 residential detached homes sold at or above $1 million in October, with the highest price at just over $2.3 million. October 2023 had 8 residential detached homes sold at or above $1 million.
The $600,000-$699,999 price range was the most active with 90 MLS® sales representing 10% of all residential detached MLS® sales in October. The second most active price range was $375,000-$399,999 which saw 71 MLS® sales, representing 8% of all residential detached MLS® sales in October.

For October, Osborne Village was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Waverley West.
This month, the R35 - Morden/Winkler area recorded the highest number of condominium MLS® sales of any MLS® areas with 19.
The most active price range for condominiums was the $150,000 - $174,999 range with 26 MLS® sales which represents 12% of all condominium MLS® sales in October. The $225,000-$249,999 was the second most active with 25 sales each in October, representing 11.8% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release September 2024

Fri, 11 Oct 2024 15:56:22 GMT

September 2024 outpaces the last two years, with year-to-date totals surpassing 2023

Winnipeg, October 8, 2024 – September saw All MLS® sales of 1,251 up 7% over last year, active MLS® listings of 4,036 down 4% and total MLS® dollar volume of over $467 million up 15%. Residential detached MLS® sales of 884 were up 9% while the average price of $410,004 was up 3% when compared to last September. Condominium MLS® sales of 174 were up 3% and the average price of $277,334 up 2% over last September.

"The upward trend in MLS® sales, dollar volume, and average prices in 2024 continued across the three primary property types: residential detached, residential attached and condominiums. This month, these gains also exceeded those of September 2022," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Year-to-date totals for 2024 showed increases in listings, MLS® sales, dollar volume, and average prices compared to 2023. Condominiums had a particularly strong performance, being the only property type to exceed the 5-year average for MLS® sales through the first three quarters. Additionally, September marked the fifth condominium MLS® sale of 2024 at or above $1 million."

Year-to-date All MLS® sales of 11,495 were up 11%, total MLS® listings of 18,870 were up 3% while dollar volume of almost $4.4B was up 17% over 2023. Year-to-date residential detached MLS® sales of of 7,927 were up 9% and the average price of $422,589 was up 5% when compared to last September. Condominium MLS® sales of 1,714 were up 10% and the average price of $277,196 was up 7% over last September. Year-to-date residential attached MLS® sales of 795 were up 17% and the average price of $363,622 was up 8% over last year.

September 2024 outpaces the last two years, with year-to-date totals surpassing 2023

Winnipeg, October 8, 2024 – The real estate market results for September 2024 saw increases to All MLS® sales, and dollar volume when compared to last year and September 2022. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices but only condominiums saw an increase in active listings over last year. Three-quarter totals for 2024 saw increases to the number listings, MLS® sales, dollar volume and average prices over the three-quarter totals for 2023.

For September and through three quarters of 2024, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with West Kildonan recording the second most MLS® sales. Outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
While three quarter totals for residential detached MLS® sales in Winnipeg are 8% higher than in 2023, notably, many MLS® areas outside Winnipeg have seen double digit increases including the areas of Steinbach, Morden/Winkler, Gimli, and Niverville/Ritchot.
There were 9 residential detached homes sold at or above $1 million in September, with the highest price at just over $3 million. September 2023 had 10 residential detached homes sold for over $1 million. Three quarter totals for 2024 show 114 residential detached homes sold at or above $1 million which contrasts with the 76 sold through three quarters of 2023.
The $325,000 - $349,999 price range was the most active with 65 MLS® sales representing 7.4% of all residential detached MLS® sales in September. The second most active price range was $550,000-$599,999 which saw 64 MLS® sales, representing 7.2% of all residential detached MLS® sales in September.

Osborne Village was the neighbourhood in September which saw the most MLS® condominium sales followed by Waverley West.
Through three quarters of 2024, Osborne Village also saw the most MLS® sales followed by Linden Woods.
September saw 2024’s 5th condominium sold at or above $1 million, higher that the 2 sold through September 2023 and also higher than the 3 sold in all of 2023.
The most active price range for condominiums was the $250,000 - $274,999 range with 25 MLS® sales in September which represents 14% of all condominium MLS® sales. The $200,000 - $224,999 was the second most active price range with 22 sales in September, representing 13% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release August 2024

Wed, 11 Sep 2024 16:29:20 GMT

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – August saw All MLS® sales of 1,483 up 7% over last year, active MLS® listings of 4,015 down 5% and total MLS® dollar volume of $549 million up 9%. Residential detached MLS® sales of 1,030 were up 2% while the average price of $415,717 was up 4% when compared to last August. Condominium MLS® sales of 210 were up 8% and the average price of $270,575 down 3% over last August.

"For the seventh time in eight months of 2024, MLS® sales across the three main property types of residential detached, condominiums, and residential attached homes increased over last year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “On a year-to-date basis, MLS® sales for the main three property types are also up over last year. Condominium MLS® sales were the lone property type to rise above the 5-year average both in August and on a year-to-date basis, signaling steady demand in the condominium market."

Year-to-date All MLS® sales of 10,250 were up 11%, total MLS® listings of 16,785 were up 3% while dollar volume of $3.9B was up 18% over 2023. Year-to-date residential detached MLS® sales of of 7,046 were up 9% and the average price of $424,164 was up 6% when compared to last August. Condominium MLS® sales of 1,542 were up 11% and the average price of $277,155 was up 7% over last August. Year-to-date residential attached MLS® sales of 716 were up 17% and the average price of $363,940 was up 9% over last year.

“Using a REALTOR® will ensure you have an expert in real estate transactions on your side, but the expertise of a REALTOR® doesn't stop there," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "REALTORS® are also experts on real estate financing trends, government legislation, marketing, negotiations and have a network of experts and industry professionals at their disposal. This helps ensure that all your needs are met when looking at one of the largest financial decisions of your lifetime."

Steady 2024 real estate market continues with August and year-to-date MLS® sales for residential and condominium property types up over 2023

Winnipeg, September 6, 2024 – The real estate market results for August 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales and dollar volume but a decrease in active listings over last year. Residential detached and residential attached homes saw an increase in average prices over last year while average prices for condominiums decreased.

Weston was the neighbourhood in Winnipeg which saw the most residential detached homes sold with Waverley West recording the next most MLS® sales.
The Steinbach area had the most residential detached homes sold outside Winnipeg in August followed by the Gimli area.
The $400,000-$424,999 price range was the most active with 89 MLS® sales representing 9% of all residential detached MLS® sales. The second most active price range was $550,000-$599,999 which saw 83 MLS® sales, representing 8% of all residential detached MLS® sales.
There were 12 residential detached homes sold for over $1 million in August, with the highest price at over $1.6 million. August 2023 had 14 residential detached homes sold for over $1 million, with the highest priced at just over $3.4 million.

Osborne Village was the neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Richmond West.
The most active price range for condominiums was the $150,000-$174,999 range with 27 sales in August which represents 13% of all condominium MLS® sales. The $175,000-$199,999 range and the $225,000-$249,999 range were the second most active price ranges with 25 sales in August, representing 12% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release July 2024

Mon, 19 Aug 2024 17:01:41 GMT

July real estate market shows increases to MLS® sales and average prices over last year – Mid-Summer Lake Country real estate market update included

Winnipeg, August 9, 2024 – For the month of July, All MLS® sales reported by the Winnipeg Regional Real Estate Board of 1,488 were up 10% from last year, active MLS® listings of 4,173 down 3% and total MLS® dollar volume of $581 million up 16%. Residential detached MLS® sales of 1,042 were up 8% while the average price of $433,257 was up 7% when compared to last July. Condominium MLS® sales of 215 were up 8% and the average price of $284,151 up 12% over last July.

"The MLS® sales results for July continued the trend of year-over-year increases seen in all but one month in 2024," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “In every month of 2024, average prices for residential detached, condominiums, and residential attached homes have increased over last year. Winnipeg Regional Real Estate Board actively monitors the number of property showings, which helps us gauge potential real estate buyer interest. In July, we observed a 4.3% increase in property showings compared to the previous year, indicating a growing interest."

Year-to-date All MLS® sales of 8,770 were up 12%, total MLS® listings of 14,737 were up 4% while dollar volume of $3.4B was up 19% over 2023. Year-to-date residential detached MLS® sales of of 6,018 were up 11% and the average price of $425,594 was up 6% when compared to last July. Condominium MLS® sales of 1,332 were up 12% and the average price of $278,193 was up 9% over last July. Year-to-date residential attached MLS® sales of 623 were up 16% and the average price of $364,453 was up 9% over last year.

“Spending time in Lake Country during the summer makes the dream of owning a cottage here incredibly enticing," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. "Our market region offers residents easy access to stunning lakes and forests just a short drive from home. Now is the perfect opportunity to connect with a REALTOR® and discover the numerous beautiful lakes surrounding Winnipeg."

There are 5 Lake Country areas within the Winnipeg Regional Real Estate Board's market region that will be focused on in this update. They include Lac du Bonnet, Lake Manitoba – East Side, Lake Winnipeg – East Side, Lake Winnipeg – West Side and Winnipeg River. A description of the areas are as follows:

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookefield South (R18) and Poplar Bay (R28).

First-half 2024 MLS® sales were up over last year in Lake Manitoba and both the East and West sides of Lake Winnipeg but down in Lac du Bonnet and Winnipeg River. Only Lake Winnipeg – West Side saw increases over the 5-year average.

First-half 2024 MLS® listings were also up over last year on both the East and West sides of Lake Winnipeg but down in Lac du Bonnet, Lake Manitoba – East Side and Winnipeg River. MLS® listings were up over the 5-year average on both the East and West sides of Lake Winnipeg and Lake Manitoba – East Side while they were down in Lac du Bonnet and Winnipeg River.

Average prices increased in the first half everywhere but Lake Manitoba – East Side when compared to the first half of last year and the 5-year average.

“It is often said that all markets are local, and this can be seen very clearly in the specific real estate markets that make up the Lake Country areas," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “While average prices were up in most areas, the number of listings and MLS® sales varied depending on the areas of focus. These differences in local real estate markets are yet another great example of why the experience, data, and expertise of a licensed REALTOR® are a great asset for you whether you're looking to buy or sell in Lake Country!"

July real estate market shows increases to MLS® sales and average prices over last year

Winnipeg, August 9, 2024 – The real estate market results for July 2024 saw increases to All MLS® sales, and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices but a decrease in active listings over last year. All MLS® sales, residential detached and condominium MLS® sales and active MLS® listings for condominiums fell below the 5-year average.

For the fifth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for July, River Park South recorded the next most MLS® sales.
The Morden/Winkler area had the most residential detached homes sold outside Winnipeg in July followed by the Steinbach area.
The $400,000-$424,999 price range was the most active with 80 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range was $375,000-$399,999 which saw 77 MLS® sales, representing 7% of all residential detached MLS® sales.
There were 19 residential detached homes sold for over $1 million in July, with the highest price at almost $4.3 million. July 2023 had 10 residential detached homes sold for over $1 million, with the highest priced at just over $4.6 million.

Osborne Village and Waverley West were the neighbourhoods in Winnipeg which saw the most MLS® condominium sales followed by St. Boniface.
The most active price range for condominiums was the $175,000-$199,999 range with 32 sales in July which represents 15% of all condominium MLS® sales. The $200,000-$224,999 range was the second most active price range with 27 sales in June, representing 13% of all condominium MLS® sales.
July saw 2024's third condominium sell for over $1 million with an MLS® sale of just over $1.4 million.

Source: Winnipeg Regional Real Estate Board.

Market Release June 2024

Wed, 10 Jul 2024 16:08:50 GMT

First-half real estate market performance for 2024 up over last year

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 across the Winnipeg Regional Real Estate Board's market region saw All MLS® sales of 7,288 up 13% over 2023. MLS® listings of 12,399 were up 4% while dollar volume of $2.8B was up 20% over 2023. First-half 2024 residential detached MLS® sales of 4,979 were up 11% and the average price of $424,193 was up 6% when compared to last June. First-half 2024 condominium MLS® sales of 1,119 were up 13% and the average price of $277,252 was up 9% over last June while residential attached MLS® sales of 522 were up 15% and the average price of $365,719 up 9% over last year.

“The first-half MLS® sales and dollar volume results for 2024 represent the 3rd best market performance on record with the 2nd best in 2022 and the best in 2021," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Average prices continued to increase for residential detached, condominiums, and residential attached homes in June and for the first half when compared to last year and the 5-year averages."

All MLS® sales for June 2024 were down 1% from last year to 1,585, active MLS® listings of 4,119 were up 1% and total MLS® dollar volume of $624 million was up 5%. Residential detached MLS® sales of 1,128 were statistically even while the average price of $437,367 was up 5% when compared to last June. Condominium MLS® sales of 209 were down 16% and the average price of $273,303 was up 6% over last June.

“When the time comes to sell your home, REALTORS® know how to market your home so that potential buyers have the opportunity to view your property," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In addition to their access to the Multiple Listing Service® (MLS®), REALTORS® have a broad network of contacts to engage as many people as possible so that you benefit from the best outcome possible."

First-half real estate market performance for 2024 up over last year

Winnipeg, July 9, 2024 – The first-half real estate market results for 2024 saw increases to All MLS® sales, listings and dollar volume when compared to last year. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, listings, dollar volume and average prices over last year. Decreases seen against the 5-year averages came for All MLS®, residential detached and residential attached home sales, and the number of listings for residential detached and condominiums.

For the fourth consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold, and for June, Sargent Park and St. James recorded the next most MLS® sales.
The Steinbach area had the most residential detached homes sold outside Winnipeg in June followed by the Morden/Winkler area.
The $600,000-$699,999 price range was the most active with 93 MLS® sales representing 8% of all residential detached MLS® sales. The second most active price range being $375,000-$399,999 which saw 83 MLS® sales, representing 7% of all residential detached MLS® sales.
There were 22 residential detached homes sold for over $1 million in June, with the highest price at $1.8 million. June 2023 had 12 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million.

For the second consecutive month, Osborne Village was with neighbourhood in Winnipeg which saw the most MLS® condominium sales followed by Linden Woods.
The most active price range for condominiums was the $175,000-$199,999 range with 40 sales in June which represents 16% of all condominium MLS® sales. The $125,000-$149,999 range was the second most active price range with 26 sales in June, representing 10% of all condominium MLS® sales.

Source: Winnipeg Regional Real Estate Board.

Market Release May 2024

Wed, 12 Jun 2024 14:45:15 GMT

May Real Estate Market Results Show Strong MLS® Sales and Average Prices

Winnipeg, June 11, 2024 – All MLS® sales reported by the Winnipeg Regional Real Estate Board for May 2024 were 1,726, an increase of 22% from April and 14% over last May. When comparing to May of 2023, active MLS® listings of 4,100 were up 1% and total MLS® dollar volume of $663 million up 18%. Residential detached MLS® sales of 1,189 were up 12% while the average price of $425,380 up 4% when compared to last May. Condominium MLS® sales of 279 were up 25% and the average price of $277,308 up 4% over last May. Residential attached MLS® sales of 123 were up 10% and the average price of $365,346 up 10% over last year.

“The upward trend seen last month has continued with the second best May on record in terms of MLS® sales and a 2nd consecutive month when MLS® sales have outpaced the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “This is noteworthy because the best May on record in 2021 and the third best May on record in 2022 are included in the results of the last five years, and this underscores the strength of this May's real estate market performance. For the sixth consecutive month, residential detached, condominiums, and residential attached homes all saw increases in average prices over last year and the 5-year averages."

Year-to-date residential detached MLS® sales were up 15% to 3,854 when compared to the 3,340 seen through May 2023. Year-to-date residential detached MLS® average prices were up 6% to $420,457 from the $395,068 seen last year. Year-to-date residential detached dollar volume was up 23% to $1.6 billion compared to the $1.3 billion realized in May of 2023.

“In the midst of a fast-moving real estate market during our market regions' busiest season, REALTORS® have the tools to offer peace of mind to buyers and sellers looking to make sense of current market conditions," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “One of the many benefits of using a REALTOR® is gaining access to their ability to analyze real estate market data, trends, and analytics. When combining the results of these factors, REALTORS® can offer prospective buyers and sellers expert advice on what they can expect for pricing on their next real estate transaction."

May Real Estate Market Results Show Strong MLS® Sales and Average Prices

Winnipeg, June 11, 2024 – May saw increases to All MLS® sales, and dollar volume when compared to last year and the 5-year averages. All three of the main property types of residential detached, condominium, and residential attached homes saw increases to MLS® sales, dollar volume and average prices over last year and the 5-year averages. Active listings for residential detached, condominium, and residential attached homes were at or below last year and with only condominiums falling below the 5-year average.

For the third consecutive month, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold and for the second consecutive month, it was followed by Crestview.
The Morden/Winkler area narrowly beat out the Steinbach area for the most residential detached homes sold outside Winnipeg in May followed by the Gimli area.
Activity in the price range categories were more evenly distributed in May, with the $325,000-$349,999 price range as the most active with 88 MLS® sales representing 7.4% of all MLS® sales. The second most active price ranges were the $350,000-$374,999 and $425,000-$449,999 price ranges with each seeing 87 MLS® sales, representing 7.3% of all residential detached MLS® sales, respectively.
There were 18 residential detached homes sold for over $1 million in May, with the highest priced at over $3.5 million. May 2023 had 9 residential detached homes sold for over $1 million, with the highest priced at just over $1.5 million.

Osborne Village was the neighbourhood in Winnipeg which saw the most MLS® condominium sales in May followed by Linden Woods.
The most active price range for condominiums was the $200,000-$224,999 range with 27 sales in May which represents 12% of all MLS® condominium sales. The $150,000-$174,999 range was the second most active price range with 25 sales in May, representing 11% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

Market Release April 2024

Wed, 08 May 2024 16:37:23 GMT

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – For April 2024, all MLS® sales reported by the Winnipeg Regional Real Estate Board were 1,419, an increase of 27% from March and 29% over last April. When comparing to April of 2023, all MLS® active listings of 3,827 were up 7% and total MLS® dollar volume of $561 million up 41%. The trend continued with residential detached MLS® sales of 985, up 30% while the average residential detached MLS® price of $436,535 was up 7% when compared to April 2023.

“For the first time since June of 2022 and after a 21 consecutive month trend, all MLS® sales in the Winnipeg Regional Real Estate Board's market region rose above the 5-year average," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “From an MLS® sales perspective, this represents the 3rd best April on record and narrowly misses the 2nd best April in 2022, by 35 sales. Aside from a decrease in active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices."

Year-to-date residential detached MLS® sales were up 17% to 2,668 when compared to the 2,276 seen through April 2023. Year-to-date residential detached MLS® average prices were up 8% to $418,284 from the $388,967 seen last year. Year-to-date residential detached sales dollar volume was up 26% to $1.1 billion compared to the $885 million seen through April of 2023.

“With data this month that shows real estate market activity increasing, those looking to buy or sell can benefit from the sound advice and expertise of an experienced REALTOR®," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® bring strategic advice and market intelligence to help offer peace of mind during one of the largest financial decisions in one's lifetime."

April Springs Upward with Strong Real Estate Market Performance

Winnipeg, May 8, 2024 – April saw increases to all MLS® active listings, current listings, MLS® sales, and dollar volume when compared to last year and the 5-year averages. With the exception of active condominium listings, all three of the main property types of residential detached, condominium and residential attached homes were at or above last year and the 5-year averages for active listings, new listings, MLS® sales, dollar volume and average prices.

Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in April followed by Crestview.
The Steinbach and Morden/Winkler areas were tied for the most residential detached homes sold outside Winnipeg in April followed by the Niverville/Ritchot area.
The most active residential detached price range was the $600,000-$699,999 range with 84 MLS® sales in April representing 9% of all residential detached MLS® sales.
There were 18 residential detached homes sold for over $1 million in April, with the highest priced at just over $2 million. April 2023 had 5 residential detached homes sold for over $1 million.

River Park South was with neighbourhood in Winnipeg which saw the most MLS® condominium sales in April followed by Waverley West and St. Vital.
The most active price range for condominiums was the $175,000-199,999 range with 22 sales in April which represents 13% of all MLS® condominium sales.

Source: Winnipeg Regional Real Estate Board.

March 2024 Real Estate Market Recap

Fri, 12 Apr 2024 15:04:48 GMT

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

Winnipeg, April 9, 2024 – For March, the Winnipeg Regional Real Estate Board reported All MLS^® sales of 1,120, an increase of 11% from last year. When compared to March of 2023, All MLS^® active listings of 3,385 were up 1%, and total MLS^® dollar volume of $420 million was up 21%. Residential detached MLS^® sales of 745 were up 7% while the average residential detached MLS^® price of $418,478 was up 8% when compared to March 2023.

“The end of March marked the end of the first quarter of 2024 and there were positive real estate market trends seen with MLS^® sales, average prices and dollar volume," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “The real estate market performance saw increases to MLS^® sales and dollar volume each month from January to March with March and the 1^st quarter totals also up when compared to the same periods last year. When looking at average prices for residential detached, condominium and residential attached homes in March and in the 1^st quarter of 2024, all were up over last year. "

First quarter, year-to-date residential detached MLS^® sales were up 11% to 1,682 when compared to the 1,517 seen through March 2023. Year-to-date residential detached MLS^® average prices were up 8% to $407,524 from the $378,877 seen last year. Year-to-date residential detached sales dollar volume was up 19% to $685 million compared to the $575 million seen through March of 2023.

“As the weather begins to warm, the spring market season is around the corner and many in our market region will be looking to enter the real estate market," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you're curious about real estate market trends, pricing, home renovations, or popular neighbourhoods, a REALTOR^® will have expert advice to share along with a network of professionals who can help.

Results for March and the 1st quarter of 2024 outpace last year's MLS® sales, average prices and dollar volume

WINNIPEG, April 9, 2023 – March and the first quarter totals saw increases to MLS^® sales and dollar volume when compared to the same periods last year. Average prices for residential detached, condominium and residential attached homes saw a similar real estate market performance with increases over last year for March and through the 1^st quarter.

Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in March followed by Island Lakes/Royalwood.
The Steinbach area saw the most residential detached homes sold outside Winnipeg in March followed by the Morden/Winkler area.
The most active residential detached price range was the $550,000-$599,999 range with 64 MLS^® sales in March representing 9% of all residential detached MLS^® sales.
There were four residential detached homes sold for over $1 million in March, with the highest priced at $1.25 million.

Osborne Village was with neighbourhood in Winnipeg which saw the most MLS^® condominium sales in March followed by Waverley West and St. Vital.
The most active price range for condominiums was the $150,000-$174,999 range with 28 sales in March which represents 15% of all MLS^® condominium sales.
A condominium in St. Charles was the first in 2024 which sold for over $1 million.

Source: Winnipeg Regional Real Estate Board.

Market Release February 2024

Wed, 13 Mar 2024 16:48:35 GMT

February marks third consecutive month with year over year increases to total MLS® sales, listings, dollar volume and average prices

WINNIPEG, March 7, 2024 – February 2024 saw total MLS® sales, listings, dollar volume and average prices increase over 2023. With the exception of residential attached active listings, a similar trend was seen across the main three property types of residential detached, condominium and residential attached homes.

“For the third consecutive month, total MLS® sales, listings, dollar volume and average prices increased over the previous year, marking a positive trend in our market region," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “When compared to last year, February 2024 saw residential detached MLS® sales rise 15%, condominium MLS® sales rise 21% and residential attached MLS® sales rise 62%. Average prices for these property types also rose over last year and the 5-year average."

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 22% over last February, and 11% below the 5-year average. Active MLS® listings for all MLS® property types are up 8% from last February and 10% above the 5-year average. The total dollar volume of MLS® sales in February was over $276 million which is 26% above last February and 7% below the 5-year average.

Of the 494 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in February, 337 were in Winnipeg while the remaining 157 occurred outside Winnipeg. For the second consecutive month, East Transcona led the way with the most residential detached homes sold in February, however, this month West Kildonan was the area with the second highest. The Morden/Winkler area saw the most residential detached homes sold outside Winnipeg followed by the Steinbach area.

Of the 1,449 residential detached active MLS® listings, 646 were in Winnipeg while 803 were outside Winnipeg. The average price for a residential detached home rose 1% from January, 7% over last February, and is up 7% over the 5-year average. The most active residential detached price range in February was the $250,000-$274,999 range, representing 8% of all residential detached MLS® sales. The $375,000-$399,999 price range was a close second with just shy of 8% of all residential detached MLS® sales.

There were 7 residential detached homes sold at $1 million or more in February 2024 whereas there were 4 sold in February 2023.

Of the 134 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in February, 118 were within Winnipeg and the remaining 16 occurred outside Winnipeg. For the fourth consecutive month, Winnipeg's Osborne Village area saw the most MLS® condominium sales in February followed by Downtown for the third consecutive month.

Of the 433 active MLS® condominium listings, 312 were in Winnipeg and 121 were outside Winnipeg. The average price for a condominium in February was down 3% from January, 7% above last February, and 7% above the 5-year average. The most active price range for condominiums was the $225,000-$249,999 price range representing 17% of all MLS® condominium sales, with the $175,000-$199,999 price range coming in second with 13% of all MLS® condominium sales.

Of the 76 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in February, 54 were in Winnipeg and the remaining 22 occurred outside Winnipeg. Of the 227 active MLS® listings for residential attached homes, 130 were in Winnipeg and 97 were outside Winnipeg. The average price for a residential attached home decreased 9% from January, increased 5% from last February, and is up 10% above the 5-year average.

“A common theme from the speakers at our annual Market Insights event last month was that this year is likely to see an increase in market activity in our market region," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In a steady market region like ours, which continues to be one of the most affordable in Canada, this is welcome news for those looking to enter the real estate market. It is often said that all markets are local, and as always, prospective buyers and sellers can count on the services of a licensed, experienced, professional REALTOR® to give them an edge when navigating the unique dynamics of our market region."

Source: Winnipeg Regional Real Estate Board

January 2024 Market Release

Fri, 09 Feb 2024 15:26:32 GMT

2024 begins with strong gains across MLS® residential property types

WINNIPEG, February 8, 2024 – January 2024 started with increases to MLS® sales, listings, dollar volume and average prices across all of the main three residential property types of residential detached, condominium and residential attached homes when compared to last January.

“It was interesting to see 2023 close out with increases across many statistical categories but even more compelling to see a start to 2024 that builds on that statistical trend," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “On a percentage basis, January 2024 saw double digit increases to MLS® sales for residential detached homes, condominiums and residential attached homes compared to January 2023. Average prices and dollar volumes for these property types were also up considerably, marking an intriguing start to 2024."

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 14% over last January, and 8% below the 5-year average. Active MLS® listings for all MLS® property types are up 7% from last January and 8% above the 5-year average. The total dollar volume of MLS® sales in January was over $236 million which is 26% above last January and 2% above the 5-year average.

Of the 443 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in January, 287 were in Winnipeg while the remaining 156 occurred outside Winnipeg. East Transcona led the way with the most residential detached homes sold in January followed closely by Waverley West. The Steinbach area saw the most residential detached homes sold outside Winnipeg followed by the Morden/Winkler area.

Of the 1,315 residential detached active MLS® listings, 585 were in Winnipeg while 730 were outside Winnipeg. The average price for a residential detached home rose 8% over last January and is up 8% over the 5-year average. The most active residential detached price range in January was the $325,000-$349,999 range, representing 8% of all residential detached MLS® sales.

Interestingly, a close second was the $550,000-$599,999 price range which was just shy of 8% of all residential detached MLS® sales. There were 7 residential detached homes sold at $1 million or more in January 2024 whereas there were 3 sold in January 2023.

Of the 99 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in January, 85 were within Winnipeg and the remaining 14 occurred outside Winnipeg. Winnipeg's Osborne Village area saw the most MLS® condominium sales in January followed by Downtown. Of the 374 active MLS® listings for condominiums, 285 were in Winnipeg and 89 were outside Winnipeg. The average price for a condominium in January was 20% above last January and 16% above the 5-year average. The most active price range for condominiums was the $150,000-$174,999 price range representing 13% of all MLS® condominium sales.

“Demand for condominiums continues to be strong with MLS® sales up 10% and average prices up 20% over last year," said Prefontaine.

Of the 49 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in January, 38 were in Winnipeg and the remaining 11 occurred outside Winnipeg. Of the 218 active MLS® listings for residential attached homes, 129 were in Winnipeg and 89 were outside Winnipeg. The average price for a residential attached home was 18% above last January and 24% above the 5-year average.

“On February 22, 2024, the Winnipeg Regional Real Estate Board will host its annual Market Insights event and provide an overview of 2023 residential and commercial real estate market trends, insights into factors impacting the economy and real estate forecasts for 2024," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. In addition to Jeremy Davis from the Winnipeg Regional Real Estate Board, we are excited to welcome Benjamin Tal, Managing Director and Deputy Chief Economist with CIBC Capital Markets, Shaun Cathcart, Senior Economist with the Canadian Real Estate Association, and Dan Chubey, Managing Director for Colliers Brokerage, for insights into economic trends, real estate results, and forecasts for 2024."

Source: Winnipeg Regional Real Estate Board.

Market Release December 2023

Wed, 10 Jan 2024 15:18:06 GMT

December 2023 closes the year with steady increases in MLS® sales, listings, dollar volume and average prices

WINNIPEG, January 9, 2024 – December 2023 closed with total MLS® sales for all property types up over December of 2022. MLS® listings and dollar volumes were also up over last year which marks the 3rd time in 2023 where all three statistical categories were up in the same month. Average prices increased over last December for all three of the main MLS® property types of residential detached and residential attached, as well as condominium.

“2023 was a year that began with a return to a balanced market and provided an overall steady real estate market performance," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “To close out 2023, it was nice to see increases to the number of MLS® sales across the three main MLS® property types when compared to last year for the month of December. With the full year of data now in hand, an analysis of 2023 will be undertaken in preparation of the Winnipeg Regional Real Estate Board's annual Market Insights forecast event taking place online on February 22, 2024!"

MLS® sales for all MLS® property types across the Winnipeg Regional Real Estate Board's market region are up 8% over last December, and 16% below the 5-year average.

Active MLS® listings for all MLS® property types continued to rise when compared to last year and are up 12% from last December and 11% above the 5-year average. The total dollar volume of MLS® sales in December was over $226 million which is 15% above last December and 8% below the 5-year average.

Of the 410 residential detached MLS® sales across the Winnipeg Regional Real Estate Board's market region in December, 280 were in Winnipeg while the remaining 130 occurred outside Winnipeg. Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold in December followed closely by the Island Lakes/Royalwood area. The Morris and Morden/Winkler areas saw the most residential detached homes sold outside Winnipeg followed by the Steinbach area.

Of the 1,303 residential detached active MLS® listings, 601 were in Winnipeg while 702 were outside Winnipeg. The average price for a residential detached home rose 7% over last December and is up 11% over the 5-year average. The most active residential detached price range was the $350,000 - $374,999 range in December representing 8% of all residential detached MLS® sales. There were 6 residential detached homes sold at $1 million or more in December.

Of the 103 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in December, 87 were in Winnipeg and the remaining 16 occurred outside Winnipeg. The Osborne Village area and Downtown were the neighbourhoods in Winnipeg which saw the most MLS® condominium sales in December followed by River Park South.

Of the 385 active MLS® listings for condominiums, 289 were in Winnipeg and 96 were outside Winnipeg. The average price for a condominium in December was 10% above last December and the 5-year average. The most active price range for condominiums was the $175,000-199,999 range in December which represents 14% of all MLS® condominium sales.

Of the 48 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board's market region in December, 35 were in Winnipeg and the remaining 13 occurred outside Winnipeg. Of the 224 active MLS® listings for residential attached homes, 131 were in Winnipeg and 93 were outside Winnipeg. The average price for a residential attached home was 10% above last December and the 5-year average.

“On February 22, 2024, the Winnipeg Regional Real Estate Board will host its annual Market Insights event and provide an overview of 2023 residential and commercial real estate market data and trends, insights into factors impacting the economy and forecasts for 2024," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The annual Market Insights event is the Winnipeg Regional Real Estate Board's largest and most impactful event that brings together over 450 real estate professionals, financial and industry business partners. As we close the book on 2023 and move forward in 2024, a constant that will remain is the huge advantage REALTORS® provide to those entering the market through access to detailed, accurate, timely, and reliable real estate market MLS® data that greatly assists in the purchase or sale process."

Source: Winnipeg Regional Real Estate Board

Market Release Nov. 2023

Fri, 08 Dec 2023 16:08:11 GMT

Winnipeg Regional Real Estate Board’s market region holds steady with increased active MLS® listings

WINNIPEG, December 7, 2023 – For the 17th consecutive month, active MLS® listings across the Winnipeg Regional Real Estate Board’s market region showed percentage gains over the previous year. All MLS® sales declined slightly but remained close to last November. MLS® statistics show the average price of residential detached homes and condominiums saw a dip while residential attached homes saw a gain when compared to November of last year.

“While the number of MLS® active listings has fluctuated up and down, percentage increases over the previous year have continued in every month since the market shifted in June of 2022,” said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “Active listings for residential detached homes and condominiums increased over last year while MLS® sales, dollar volume and average prices all saw declines compared to 2022. Residential attached homes, on the other hand, saw increases to active MLS® listings, sales, dollar volume and average prices over last November.”

Active MLS® listings across the Winnipeg Regional Real Estate Board’s market region are up 9% from last November and 7% above the 5-year average while sales for all MLS® property types are 2% below last November, and 16% below the 5-year average. The total dollar volume of MLS® sales in November was a little over $285 million which is 4% below last November and 13% below the 5-year average.

Of the 566 residential detached MLS® sales across the Winnipeg Regional Real Estate Board’s market region in November, 379 were in Winnipeg while the remaining 187 occurred outside Winnipeg. Of the 1,788 residential detached active MLS® listings, 880 were in Winnipeg while 908 were outside Winnipeg.

The average price for a residential detached home declined 1% over last November and is up 3% over the 5-year average.

West Kildonan was the neighbourhood in Winnipeg which saw the most residential detached homes sold in November followed closely by Sargent Park. Steinbach was the area outside Winnipeg which saw the most residential detached homes sold in November followed by the Morden/Winkler area. The most active residential detached price range was the $325,000 - $349,999 range with 55 MLS® sales in November representing 10% of residential detached MLS® sales.

“There were 5 residential detached homes sold at $1 million or more in November,” said Prefontaine.

Of the 120 total MLS® condominium sales across the Winnipeg Regional Real Estate Board’s market region in November, 99 were in Winnipeg and the remaining 21 occurred outside Winnipeg. Of the 456 active MLS® listings for condominiums, 354 were in Winnipeg and 102 were outside Winnipeg.

The average price for a condominium in November was 8% below last November and statistically equal to the 5-year average.

The Osborne Village area was the neighbourhood in Winnipeg which saw the most MLS® condominium sales in November followed by River Park South. The most active price range for condominiums was the $150,000-174,999 range with 17 sales in November which represents 14% of all MLS® condominium sales.

“November saw the 2nd highest condominium sale of the year in River Park South,” said Prefontaine. “This represents the 3rd condominium sold at or above $1 million in 2023 and matches the total for 2022.”

Of the 62 total MLS® residential attached home sales across the Winnipeg Regional Real Estate Board’s market region in November, 44 were in Winnipeg and the remaining 18 occurred outside Winnipeg. Of the 281 active MLS® listings for residential attached homes, 168 were in Winnipeg and 113 were outside Winnipeg. The average price for a residential attached home was 4% above last November and 8% higher than the 5-year average.

“As we enter the Holiday Season and family and friends gather, homes take center stage as this is where many memories are made,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® are proud of the roles they play in helping create memories for first time or existing homebuyers. For those looking to buy or sell, licenced professional REALTORS® can be depended on for the tools and know-how to make your real estate transaction run smoothly.”

Market Release September 2023

Mon, 16 Oct 2023 16:37:57 GMT

Steady MLS® sales performance for September and first three quarters of 2023 while average home prices continue to increase

WINNIPEG, October 5, 2023 – As was seen last month, average home prices in September increased over 2022 and the 5-year averages across the three main property types residential detached, condominium and residential attached. For the month of September and the first three quarter totals, MLS® sales continue to track similarly to 2019.

“September was marked by its steady MLS® sales performance for this month and through the first three quarters of 2023," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “With the record-breaking years seemingly in the rearview mirror, a return to consistency for MLS® sales volumes in our market region is an encouraging development. Average prices continued an upward trend across the three main property types for the second consecutive month."

All MLS® sales in September were 2% lower than the Septembers of 2019 and 2022, and 14% below the 5-year average. Active MLS® listings, were up 8% from last September and 1% above the 5-year average. The total dollar volume of MLS® sales in September was a little over $411 million which is 1% higher than September of 2022 and 6% below the 5-year average.

MLS® sales for the first three quarters of 2023 were 14% below 2022 and the 5-year average and only 4% below 2019.

The third quarter MLS® sales were the best quarterly performance of 2023 when compared to 2022. First quarter MLS® sales were 27% below 2022, second quarter MLS® sales were 15% below 2022 while third quarter MLS® sales were 4% below 2022.

Of the 813 residential detached MLS® sales across our market region in September, 519 were in Winnipeg while the remaining 294 occurred outside Winnipeg. Of the 2,179 residential detached active MLS® listings, 1,083 were in Winnipeg while 1,096 were outside Winnipeg.

The average price for a residential detached home rose 4% over last September and is up 10% over the 5-year average.

Through the first three quarters of 2023, Waverley West leads total residential detached MLS® sales with 251 followed by River Park South with 154. The Steinbach area leads the way in the areas outside Winnipeg with 333 followed by Morden/Winkler with 300.

“September saw the second highest residential detached home sale ever in Winnipeg, at $4.7 million, in the River Heights neighbourhood," said Prefontaine. “The highest residential detached home sale ever came last year at $5 million in the Charleswood neighbourhood."

Of the 169 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in September, 137 were in Winnipeg and the remaining 32 occurred outside Winnipeg. Of the 449 active MLS® listings for condominiums, 349 were in Winnipeg and 100 were outside Winnipeg.

The average price for a condominium in September was 2% above last September and 9% above the 5-year average.

Through the first three quarters of 2023, Osborne Village leads the way with 140 condominium MLS® sales, followed by Downtown with 78. Morden/Winkler leads the areas outside Winnipeg with 67 followed by the Steinbach area at 55.

Of the 66 total MLS® residential attached home sales in September, 52 were in Winnipeg and the remaining 14 occurred outside Winnipeg. Of the 289 active MLS® listings for residential attached homes, 179 were in Winnipeg and 110 were outside Winnipeg. The average price for a residential attached home was 8% higher than last September and 15% higher than the 5-year average.

“The recent election serves as a reminder of the role REALTORS® play in advocating for issues related to the real estate industry," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “In the coming weeks, REALTORS® from across the nation gather in Ottawa to raise awareness about housing-related issues at the federal level as Members of the Canadian Real Estate Association's Political Action Committee. Like the consistency of the market to this point in 2023, you can be sure that REALTORS® will consistently be a part of the conversations that create positive, housing-related developments into the future."

Source: Winnipeg Regional Real Estate Board

Market Release August 2023

Mon, 11 Sep 2023 15:00:23 GMT

August 2023 MLS® sales and average prices see gains over 2022

WINNIPEG, September 7, 2023 – August 2023 MLS® sales and average prices increased over August of 2022 stemming from increases seen across the main three property types of residential detached, condominium and residential attached homes.

“August marks the first month in 2023 that MLS® sales performed better than the same month in 2022," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “This trend was seen across all three of the main property types but mostly due to an increase in residential detached MLS® sales. After months of coming close to 2022 MLS® sales levels, it is good to see performance rise above last year's results."

All MLS® sales in August were 2% higher than July, 2% higher than August of 2022 and 9% below the 5-year average. In keeping with the theme from July's Market Release, the MLS® sales performance for August was 6% above the 5-year average of Augusts between 2015-2019, before the pandemic began. Active MLS® listings on the other hand, were down 2% from July, up 12% from last August and 1% below the 5-year average.

The total dollar volume of MLS® sales in August was almost $511 million and was 5% higher than 2022 and 1% higher than the 5-year average.
Of the 1,013 residential detached MLS® sales across our market region, 649 were in Winnipeg while the remaining 364 occurred outside Winnipeg. Of the 2,137 residential detached active MLS® listings, 994 were in Winnipeg while 1,143 were outside Winnipeg.

The average price for a residential detached home rose 4% over last August and is up 10% over the 5-year average.

“Interestingly, with 14 MLS® sales over $1 million, August became the new best month for MLS® sales in this price range for 2023," said Prefontaine.
Of the 194 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in August, 168 were in Winnipeg and the remaining 26 occurred outside Winnipeg. Of the 480 active MLS® listings for condominiums, 365 were in Winnipeg and 115 were outside Winnipeg.

The average price for a condominium in August was 5% above August of 2022 and 10% above the 5-year average.

“Another interesting statistic for August saw the 2nd condominium of 2023 sold for over $1 million," said Prefontaine.
Of the 77 total MLS® residential attached home sales in August, 51 were in Winnipeg and the remaining 26 occurred outside Winnipeg. Of the 280 active MLS® listings for residential attached homes, 176 were in Winnipeg and 104 were outside Winnipeg. The average price for a residential attached home was 5% higher than last August and 15% higher than the 5-year average.

“For families with children, the beginning of September signifies a transition back into the rhythm of school, daily routines, and a bustling schedule filled with various activities," stated Marina R. James, the CEO of the Winnipeg Regional Real Estate Board. "Families can rely on the expertise and tools provided by REALTORS® to discover neighborhoods that are conveniently located near schools, recreational facilities, and all the essential liveability amenities. REALTORS® possess the necessary resources, data, and experience to help you find the right home in the ideal location!"

Source: Winnipeg Regional Real Estate Board

Market Release July 2023

Fri, 18 Aug 2023 14:36:27 GMT

July MLS® sales continue to perform similarly to pre-pandemic years
Includes mid-summer Lake Country real estate market update

WINNIPEG, August 9, 2023 – July MLS® sales decreased from June, last July and the 5-year average. Active MLS® listings rose from last month, last July and to slightly above the 5-year average.

“The last 3 Julys were the top three Julys on record but when taking the 5-year average of Julys from 2015 to 2019 before the pandemic began, we see July 2023 MLS® sales tracking similarly," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “The depleted housing availability seen over the last 3 years has balanced out with gains to active listings that are encouraging to see. A healthy housing inventory that spans all different price ranges is important for a balanced market."

All MLS® sales in July were 15% below June, 11% below July of 2022 and 14% below the 5-year average. Of note, MLS® sales performance for July were 2% below the 5-year average of Julys from 2015-2019 before the pandemic began. Active MLS® listings on the other hand, were up 3% from June, 16% up from last July and statistically even with the 5-year average.

Of the 971 residential detached MLS® sales across our market region, 623 were in Winnipeg while the remaining 348 occurred in the areas outside of Winnipeg. Of the 2,257 residential detached active MLS® listings, 1,062 were in Winnipeg while 1,195 were in the areas outside Winnipeg.

The average price for a residential detached home rose 2% over last July and is up 9% over the 5-year average.

Of the 202 total MLS® condominium sales across the Winnipeg Regional Real Estate Board's market region in July, 175 were in Winnipeg and the remaining 27 occurred in the area outside of Winnipeg. Of the 489 active listings for condominiums, 357 were in Winnipeg and 132 were in the areas outside of Winnipeg.

The average price for a condominium in July was 6% below July of 2022 and even with the 5-year average.

Of the 82 total MLS® residential attached home sales in July, 56 were in Winnipeg and the remaining 26 occurred in the areas outside of Winnipeg. Of the 284 active listings for residential attached homes, 178 were in Winnipeg and 106 were in the areas outside of Winnipeg. The average price for a residential attached home was 1% higher than last July and 8% higher than the 5-year average.

“As we enjoy the warmth of August sunshine, some might be hearing the call of the wild and yearning for some time in Lake Country," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “That's why we've included a Mid-Summer Lake Country Real Estate Market Update for those looking to find a retreat. Whether you're looking to enjoy the tranquility that Lake Country offers or looking to make your tranquil property available for someone else to rent or purchase, REALTORS® are there to help with every step of the process!"

Mid-Summer Lake Country Real Estate Market Update

Lake Manitoba – East Side – All properties in the MLS® area R19 with the exception of the towns of Arborg, Balaton Beach, Hecla Island and Teulon.

Lake Winnipeg – West Side – All properties in the MLS® area of R26 in addition to the towns of Balaton Beach and Hecla Island in R19.

Lake Winnipeg – East Side – All residential properties in the MLS® area R27.

Winnipeg River – Properties in R28 that are in the towns of Manigotagan, Pine Falls, Powerview, St. Georges, Wanipigow and White Mud Falls.

Lac du Bonnet – Properties in the MLS® areas of R18 and R28 that are in the towns of Bird River, Great Falls, Lac du Bonnet, Lee River, Pinawa, the RM of Lac du Bonnet, Seven Sisters Falls and Whiteshell Provincial Park, as well as the neighbourhoods of Brookefield South (R18) and Poplar Bay (R28).

Among the common trends seen in the following charts for the first half of 2023 across all Lake Country areas are increased listings over the first half of last year, average prices at or above the 5-year averages and decreases to the continuous days-on-market (CDOM).

MLS® sales were up over last year in Lac du Bonnet and Winnipeg River while Winnipeg River was the only area that saw sales increase over the 5-year average.

Listings were up in the first half for all areas when compared to last year while Lake Manitoba – East Side, Lake Winnipeg – East Side, and Winnipeg River were up over the 5-year average.

Average prices decreased in the first half everywhere but Lac du Bonnet when compared to the first half of last year and rose everywhere over the 5-year average, except for Winnipeg River which was statistically even.

The continuous days-on-market for the first half decreased everywhere except Lake Winnipeg – East Side when compared to the first half of last year and decreased everywhere over the 5-year average.

“For those looking to buy in Lake Country, the good news is that there are more choices available than last year," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “For those looking to sell in Lake Country, average prices are up over the 5-year average and the continuous days-on-market it took to sell decreased everywhere when compared to the 5-year average. Only REALTORS® can provide the trusted advice and market performance information that buyers and sellers need when considering a property in Lake Country."

Residential MLS® sales for May show signs of progress

Thu, 08 Jun 2023 22:37:55 GMT

WINNIPEG, June 7, 2023 – MLS® sales in May grew again over the previous month and made gains on the 5-year average. Meanwhile, active listings grew over last month, substantially over last year and inched up slightly over the 5-year average.

“While MLS® sales were still below the record May results of 2021 and 2022, residential resale performance for May 2023 showed signs of progress," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “This is the first month of 2023 that MLS® sales have risen to a single digit percentage range below the 5-year average. MLS® sales performed at a respectable level."

MLS® sales in May were 160% higher than January, 130% higher than February, 49% higher than March and 37% higher than April. Active MLS® listings in April were 45% higher than January, 34% higher than February, 21% higher than March and 14% higher than April.

Of the 1,066 residential detached MLS® sales across our market region, 699 were in Winnipeg while the remaining 367 occurred in the rural areas outside Winnipeg. Of the 2,042 residential detached active MLS® listings, 987 were in Winnipeg while 1,055 were in the rural areas outside Winnipeg.

Residential detached homes made up 70% of all MLS® home sales in May. Southwest Winnipeg had the most sales within the city, representing 27% of all Winnipeg residential detached home sales. The rural area outside Winnipeg represented 34% of all MLS® residential detached home sales.

The most residential detached MLS® sales in May were in the $300,000 - $399,999 range with 285 which makes up 27% of the total 1,066 residential detached homes sold.

Of the 223 total MLS® condominium sales across our market region in May, 180 were in Winnipeg and the remaining 43 occurred in the rural area outside Winnipeg. Of the 525 active listings for condominiums, 390 were in Winnipeg and 135 were in the rural area outside Winnipeg.

May MLS® sales for condominiums are the first of the three main property types of residential detached, condominiums and residential attached, to rise above the 5-year average in 2023. At the same time, active listings for condominiums in May were the only one of the three property types that were below the 5-year average.

The most MLS® sales for condominiums in May was tied at 72 in the $100,000 - $199,999 range and the 200,000 - $299,999 range which each make up 32% of the total 223 condominiums sold.

Of the 112 total MLS® residential attached home sales across our market region in May, 79 were in Winnipeg and the remaining 33 occurred in the rural area outside Winnipeg. Of the 266 active listings for residential attached homes, 163 were in Winnipeg and 103 were in the rural area outside Winnipeg.

“The Winnipeg Regional Real Estate Board continues to be the voice of organized real estate advocating on issues of importance such as keeping abreast of civic, legislative, and economic matters and public policy that impede or enhance housing affordability and affordable housing, and reporting on the pace of the local housing market and residential and commercial real estate development." said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Our Winnipeg Regional Real Estate News Market Matters column elevates priorities important to the real estate market and housing."

Spring 2023 MLS® Sales and Listings Rise with Opportunity for Expansion

Fri, 12 May 2023 21:29:44 GMT

WINNIPEG, May 10, 2023 – In a trend that has continued since the start of 2023, the number of MLS® sales has continued to rise but not to the same levels seen last April or over the 5-year average. MLS® sales were down when compared to last year and the 5-year average while the number of active MLS® listings continued to rise, with increases over last month, last year and the 5-year average.

Ofthe 1,103 MLS® sales across our market region, 729 were in Winnipeg with 374 in the rural areas outside Winnipeg and of the 3,584 MLS® active listings in April, 1,600 were in Winnipeg while 1,984 were in the rural areas outside Winnipeg.

“Between inflation and interest rate uncertainty, there is a lot going on within the real estate industry right now. Notwithstanding short-term market fluctuations, however, the belief is that the outlook in our local market region is favourable," said Rena Prefontaine, 2023-2024 President of the Winnipeg Regional Real Estate Board. “Residential resale for this April was below the peak MLS® sales seen in 2021 and 2022 and 9% below April 2019. While April's MLS® sales were neutral, it is positive to see trends of continued monthly growth in MLS® sales and active listings since the start of 2023."

MLS® sales in April were 90% higher than January, 68% higher than February and 9% higher than March. Active MLS® listings in April were 28% higher than January, 18% higher than February and 6% higher than March.

Of the 763 residential detached MLS® sales across our market region, 508 were in Winnipeg while the remaining 255 occurred in the rural areas outside Winnipeg. Of the 1,761 residential detached MLS® active listings, 822 were in Winnipeg while 939 were in the rural areas outside Winnipeg.

Residential detached homes made up 69% of all MLS® home sales in April. Southwest Winnipeg had the most sales within the city, representing 30% of all Winnipeg residential detached home sales. The rural area outside Winnipeg represented 30% of all MLS® residential detached home sales.

Of the 171 total MLS® condominium sales across our market region in April, 142 were in Winnipeg and the remaining 29 occurred in the rural area outside Winnipeg. Of the 484 active listings for condominiums, 357 were in Winnipeg and 127 were in the rural area outside Winnipeg.

Of the 79 total MLS® residential attached home sales across our market region in April, 53 were in Winnipeg and the remaining 26 occurred in the rural area outside Winnipeg. Of the 252 active listings for residential attached homes, 152 were in Winnipeg and 100 were in the rural area outside Winnipeg.

“Utilizing the power of the MLS® marketing system gives REALTORS® a unique advantage in helping clients with their home buying or selling journey," said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “The MLS® is a co-operative real estate selling system that employs high-impact data analytics and is operated by the Winnipeg Regional Real Estate Board. While there are many more benefits of using a professional licenced REALTOR®, the MLS® is one of the advantages REALTORS® offer."

MLS® active listings and sales rise in March to close out the first quarter of 2023

Fri, 14 Apr 2023 22:15:35 GMT

WINNIPEG, April 12, 2023 – Along with the number of active listings on the market, MLS® sales in March continued to grow from last month marking a sustained transition back to the type of market seen before the pandemic began. The number of active listings is up over last year but still has room for growth before meeting the levels seen before the pandemic began. Meanwhile, MLS® sales for March 2023 were below the record March sales totals in 2021 and 2022 and slightly above the levels seen before the pandemic.

Of the 3,368 MLS® active listings across our market region in March, 1,565 were in Winnipeg while 1,803 were in the rural areas outside Winnipeg and of the 1,014 MLS® sales across our market region, 664 were in Winnipeg with 350 in the rural areas outside Winnipeg.

“It's good to see an increase from last month in MLS® sales along with continued growth in active listings to close out the first quarter of 2023," said Akash Bedi, outgoing 2022-2023 president of the Winnipeg Regional Real Estate Board. “March was the first time since the market shifted midway through 2022 that MLS® sales totals have been higher than the same month in pre-pandemic 2019."
Of the 1,612 residential detached MLS® active listings across our market region, 773 were in Winnipeg while 839 were in the rural areas outside Winnipeg. Of the 698 residential detached MLS® sales, 471 were in Winnipeg while the remaining 227 occurred in the rural areas outside Winnipeg.
Of the 443 active listings for condominiums across our market region, 315 were in Winnipeg and 128 were in the rural area outside Winnipeg. Of the 149 total MLS® condominium sales in March, 122 were in Winnipeg and the remaining 27 occurred in the rural area outside Winnipeg.
“It has been my pleasure serving as the Winnipeg Regional Real Estate Board's President since the beginning of 2022," said Bedi. “My time as President has been a unique and rewarding experience. Moving forward, the incoming 2023-2024 President, Rena Prefontaine will be sharing Winnipeg Regional Real Estate Board monthly MLS® market updates to keep buyers and sellers informed throughout the year ahead.“

“As we enter the spring real estate market in April, REALTORS® leverage the MLS® system and are the experts when it comes to what's happening in neighbourhoods and can offer professional market intelligence," said the Winnipeg Regional Real Estate Board CEO Marina R. James. "REALTORS® provide valuable advice and objective feedback for buyers when looking for a home and for sellers looking to maximize their return. Either way, REALTORS® help ease the stress for buyers and sellers during one of the biggest financial decisions of their lifetime."

Winnipeg Regional Real Estate Market Balances Out For More Choice

Fri, 10 Mar 2023 15:53:24 GMT

Winnipeg, February 8, 2023 - As we enter 2023, all MLS® inventory is much higher when compared to the start of 2022, signaling a continued replenishment of housing choices. At the same time, all MLS® sales are below what they've been for most of the pandemic but more in line with pre-pandemic January results.

Winnipeg Regional Real Estate Board's MLS® January 2023 data marks the seventh consecutive month that the percentage increase in active listings has grown over the same month from last year. As an example, over the last 3 months, November's active listings were 53% higher than the previous November and December was 55% higher than the previous December. The active listings for January 2023 are 69% higher than last January.

“Last January was a continuation of a trend seen throughout the pandemic of high demand which translated into high MLS® sales and low inventory," said Akash Bedi, 2022/23 president of the Winnipeg Regional Real Estate Board. “We're coming from a strong seller's market where inventory was sold as fast as it came on the MLS®. Since fall of 2022, the market has shifted, and we are now in a balanced market that provides buyers and sellers with equal opportunity in the real estate purchasing and selling process."

Total January MLS® sales of 582 in our market region are down 16% from last January's 690 and down 19% over the 5-year average of 715.

Total MLS® inventory of 2,811 for this month is 69% above last January's 1,664 and only 4% down from the 5-year average of 2,928.

Residential detached homes had MLS® sales of 392 which are down 4% from last January's 407 and 17% down from the 5-year average of 473.

Residential detached homes saw MLS® inventory of 1,296 which is up more than twofold at 108% over last January's 622 and only 3% below the 5-year average of 1,331.

The average price of a residential detached home in January was $367,977 which is 8% below last January's $401,216 but 6% above the 5-year average of $347,472.

MLS® sales for condominiums of 90 in January were 27% lower than last January's 124 and 9% below the 5-year average of 99.

MLS® inventory for condominiums of 372 is up 21% over last January's 308 and 26% below the 5-year average of 504.

The average price of a condominium in January was $231,549 which is 8% below last January's $251,629 but 3% above the 5-year average of $224,598.

MLS® sales for residential attached homes of 36 in January were 36% lower than last January's 56 and 35% below the 5-year average of 55.

MLS® inventory for residential attached homes of 233 is up 140% over last January's 97 and 44% above the 5-year average of 162.

The average price of a residential attached home in January was $330,998 which is 2% above last January's $323,852 and 14% above the 5-year average of $290,026.

“When looking across residential detached homes, condominiums and residential attached homes, there is a consistent trend of increased inventory and that's great to see," said Bedi. “More than ever, affordability is top of mind to those seeking to purchase a home. A big a factor when purchasing a home or condominium is housing options, be that by neighbourhood along with urban and rural locations. Increased inventory on the MLS® means more options and choice."

The price range up to $249,999 was the most active residential real estate category in January with 104 MLS® sales which represents 27% of all sales. January's highest priced sale was $1,450,000 and the lowest was at $30,000.

"As we move forward in 2023, we're aware of the impact that market forces, like inflation and interest rates, are having on prospective buyers of real estate," said the Winnipeg Regional Real Estate Board CEO Marina R. James. “The unprecedented changes we've experienced since the start of the pandemic underscore the importance of having reliable data when making important decisions against the backdrop of changing real estate market conditions. REALTORS® continued use of accurate and reliable MLS® data will continue to ensure that their buyers and sellers have the best possible information at hand when facing one of the biggest financial decisions in their lifetime."

Winnipeg Regional Real Estate Market Balances Out For More Choice

Wed, 08 Feb 2023 23:19:20 GMT