Winnipeg Real Estate Market Data · August 2025
Winnipeg · Monthly MLS® Market Report

August 2025 Market Report
First Detached Sales YoY Decline of 2025

All MLS® Areas · Detached / Condo / Attached · August 2025

Dollar Volume$561.6M
Sales
1,402-5% vs 2024
Detached Avg
$450,596+8% · record August
Condo Avg
$280,143+4% · record August

Marker · First Sales YoY Decline

01 / MILESTONE

Key event: August was the first month in 2025 with both all-MLS and Detached sales YoY declines. Yet prices stayed strong — Detached and Condo averages both set record August highs.

First 2025 Sales Decline
-5%Total sales YoY · August 2025
Detached avg
$450,596 (record Aug)
Condo avg
$280,143 (record Aug)
Sales
1,402 (YoY -5%)
Takeaway: Every month of 2025 (including August) set a new historic monthly high for the Detached average; Condo set new monthly records in 6 of the first 8 months — the price rally held even as volume softened.

August Headline · All Property Types

02 / OVERVIEW

August sales of 1,402 were down 5% YoY; among the three types, only Attached still posted positive sales YoY.

MetricAug 2025vs 2024vs 5-Yr Avg
Sales1,402-5%-3%
Active Listings3,624-10%-2%
Dollar Volume$561,638,878+3%+7%
Headline figures by property type
TypeSalesvs24Listingsvs24Avg Pricevs24
Detached970-5%1,688-12%$450,596+8%
Condominium204-3%443-4%$280,143+4%
Attached97+3%241-4%$381,216+5%

YTD 2025 · Through August

03 / YTD

Year-to-date sales of 10,773 were up 5% YoY, with dollar volume over $4.3 billion, up 12%.

Type / MetricYTD SalesYoYYTD AvgYoY
All Property sales10,773+5%——
Residential-Detached7,367+5%$456,726+8%
Condominium1,571+2%$281,261+2%

Detached · Winnipeg vs Outside

04 / REGIONAL

The Winnipeg-vs-Outside price gap narrowed to just $20,030. Outside avg YoY +13% was the largest gain across Detached slices this month.

DimensionWinnipegOutside Winnipeg
Sales612358
Sales YoY-7%-3%
Active Listings776912
Avg Price$457,989$437,959
Price YoY+6%+13%
Sales-to-Listings78.9%39.3%
Condo · Outside Higher
Outside $324,432 vs Wpg $274,238
Outside Condo avg well above Winnipeg; Outside Condo sales YoY -25%.
Attached · Outside Sales Surge
Outside sales YoY +45%
Outside Attached sales rose 20 → 29; Winnipeg Attached sales YoY -8%.

Price Range Distribution

05 / PRICE BANDS

Detached's top range shifted down from $400–499k (top Apr–Jul) to $300–399k, reflecting a slight downward shift in sales concentration.

Residential-Detached

$300,000 – $399,999243 sales · 25%
$400,000 – $499,999214 sales · 22%

Condominium

$200,000 – $299,99966 sales · 32%
$100,000 – $199,99959 sales · 29%
High end: $1M+ Detached sales of 13 (highest $1.75M+), up from August 2024's 12 (+8%).

YTD August · Regional Detached

06 / AREAS
RegionYTD AvgYoYYTD SalesYoY
All MLS Areas$456,726+8%7,367+5%
Winnipeg$469,029+7%4,753+3%
Total Outside Winnipeg$434,357+9%2,614+8%
Lake Country$311,705+8%440+2%
Steinbach (R16)$408,799+7%371+8%
Morden/Winkler (R35)$363,703+11%252-15%
Gimli (R26)$316,370+11%166-4%
Niverville/Ritchot (R07)$522,986+4%158+5%
Morris (R17)$268,894+3%137+8%

Most Active Neighbourhoods

07 / COMMUNITIES
Detached · Winnipeg
Waverley West (top, reclaimed) · Garden City/Amber Trails (next)
River Heights's July top lasted only one month; Waverley West reclaimed it.
Condo · Winnipeg
Osborne Village (top) · Waverley West (next)
Detached · Outside
Steinbach (top) · Morden/Winkler (next)
Condo · Outside
Niverville/Ritchot (top) · Steinbach (next)

The Read · Two Storylines

08 / TAKEAWAYS

Prices Still Setting Records

  • Detached avg $450,596, a record August
  • Condo avg $280,143, a record August
  • Outside Detached avg YoY +13%, the largest gain
  • All three types' averages rose YoY
  • Wpg-vs-Outside price gap narrowed to $20,030

First Sales Decline

  • First 2025 all-MLS & Detached sales YoY drop
  • Total sales -5%, Detached -5%
  • Only Attached still positive on sales YoY
  • Sales concentration shifted to $300–399k top
  • Outside Condo sales YoY -25%

Fact Sheet

09 / FACT SHEET
Reporting PeriodAugust 2025
Property ScopeAll MLS® Areas
Total Sales1,402 (YoY -5%)
Total Dollar Volume$561,638,878 (YoY +3%)
Detached Avg Price$450,596 · record August
Condo Avg Price$280,143 · record August
Only Positive Sales YoYAttached (+3%)
YTD All-Property Sales10,773 (YoY +5%)
Data source: publicly released monthly MLS® market statistics for the Winnipeg region. This page is an independent historical data compilation and restructuring based on publicly released market statistics. No original market commentary, forecasts, or quotations from the source report are reproduced. Some cross-year/cumulative comparisons include estimates and are for reference only.
Monthly Summary

Prices keep setting records, sales turn negative —
the first cooling signal within the rally.

Detached $450,596 · Condo $280,143 (both record August)
Total sales -5% (first 2025 decline) · Dollar volume $561.6M (+3%)

Pattern: the price rally held, but sales fell YoY for the first time — early signs of cooling.