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

November 2025 Market Report
Detached Record Streak Ends

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

Dollar Volume$349.4M
Sales
935-10% vs 2024
Detached Avg
$420,121-3% · first YoY drop
Condo Avg
$272,718+6% · record November

Marker · Detached Record Streak Ends

01 / MILESTONE

A turning point: November was the first 2025 month with a Detached average YoY decline, and the first not to set a new monthly historic high. The 10-month record streak (Jan–Oct) ended. Condo avg $272,718 still set a record November.

First 2025 Average YoY Decline
$420,121Detached avg · November 2025
November 2024
$434,055
YoY
-3% (first negative)
vs June peak
-$53,010 (-11.2%)
Takeaway: All three types posted sales YoY declines — the first all-negative month of 2025; $1M+ Detached sales of 12 (YoY -14%) marked 2025's first $1M+ YoY decline. Cooling signals appeared across the board.

November Headline · All Property Types

02 / OVERVIEW

November sales of 935 were down 10% YoY; dollar volume $349.4M, down 12%. Yet the Condo average still set a record November.

MetricNov 2025vs 2024vs 5-Yr Avg
Sales935-10%-5%
Active Listings3,165-5%-1%
Dollar Volume$349,355,202-12%0%
Headline figures by property type
TypeSalesvs24Listingsvs24Avg Pricevs24
Detached630-7%1,357-5%$420,121-3%
Condominium129-15%403+2%$272,718+6%
Attached77-9%266+13%$356,847even

YTD 2025 · Through November

03 / YTD

Year-to-date sales of 14,431 were up 4% YoY, with dollar volume over $5.7 billion. YTD sales rank 3rd-best and dollar volume 2nd-best on record. Detached YTD avg stepped down from Sep/Oct (dragged by November's lower month).

Type / MetricYTD SalesYoYYTD AvgYoY
All Property sales14,431+4%——
Residential-Detached9,842+3%$451,137+6%
Condominium2,070essentially even$283,498+3%

Detached · Winnipeg vs Outside

04 / REGIONAL

Winnipeg listings YoY +15% (2nd straight positive) with avg YoY -2% — supply rebuilding alongside slight price easing. Outside sales YoY -21% was 2025's largest single-month Outside Detached decline.

DimensionWinnipegOutside Winnipeg
Sales439191
Sales YoY+1%-21%
Active Listings683674
Listings YoY+15%-19%
Avg Price$429,201$399,250
Price YoY-2%-6%
Sales-to-Listings64.3%28.3%
Condo · Nearly Equal
Wpg $272,956 vs Outside $271,044
Condo gap just $1,912; Winnipeg Condo avg YoY +9%.
Attached · Supply Up, Demand Down
Wpg listings YoY +40%
Winnipeg Attached listings surged while sales fell -24% YoY; Outside Attached sales YoY +47%.

Price Range Distribution

05 / PRICE BANDS

4th consecutive month with $300–399k at the top (Aug–Nov); Condo $200–299k concentration of 38% set a new 2025 high.

Residential-Detached

$300,000 – $399,999155 sales · 25%
$400,000 – $499,999137 sales · 22%

Condominium

$200,000 – $299,99949 sales · 38%
$100,000 – $199,99934 sales · 26%
High end: $1M+ Detached sales of 12 (highest $2M+), down from November 2024's 14 — -14% (-2), 2025's first $1M+ YoY decline.

YTD November · Regional Detached

06 / AREAS
RegionYTD AvgYoYYTD SalesYoY
All MLS Areas$451,137+6%9,842+3%
Winnipeg$461,692+6%6,392+3%
Total Outside Winnipeg$431,582+8%3,450+5%
Lake Country$301,601+3%593+2%
Steinbach (R16)$408,557+7%4740%
Morden/Winkler (R35)$371,000+12%346-12%
Gimli (R26)$304,496+4%211-10%
Morris (R17)$258,165-1%203+9%
Niverville/Ritchot (R07)$523,323+4%201-7%

· Lake Country YTD avg returned near the September level (October's anomalous low revised); Niverville/Ritchot YTD sales weakened to -7%.

Most Active Neighbourhoods

07 / COMMUNITIES
Detached · Winnipeg
East Kildonan (top, first)
East Kildonan took the top for the first time; concentration returned somewhat after October's dispersion. St. Vital, River Park South, River Grove tied at second.
Condo · Winnipeg
Osborne Village (top) · Linden Woods (next)
Detached · Outside
Steinbach (top) · Morden/Winkler (next)
Condo · Outside
Oak Bluff/La Salle (top, new combo) · Morden/Winkler (next)

The Read · Two Storylines

08 / TAKEAWAYS

Still Resilient

  • Condo avg $272,718, a record November
  • YTD sales 3rd-best, dollar volume 2nd-best
  • Winnipeg Condo avg YoY +9%
  • Outside Attached sales YoY +47%
  • Winnipeg listings positive 2nd straight month

Cooling Signals

  • Detached avg first YoY decline of 2025 (-3%)
  • 10-month record streak ended
  • All three types negative on sales (first all-negative)
  • $1M+ Detached first YoY decline (-14%)
  • Outside Detached sales YoY -21%, year's largest

Fact Sheet

09 / FACT SHEET
Reporting PeriodNovember 2025
Property ScopeAll MLS® Areas
Total Sales935 (YoY -10%)
Total Dollar Volume$349,355,202 (YoY -12%)
Detached Avg Price$420,121 · first YoY decline of 2025
Condo Avg Price$272,718 · record November
$1M+ Detached12 (YoY -14%, first decline)
YTD All-Property Sales14,431 · 3rd-best on record
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

Detached record streak ends, cooling signals broad-based —
2025's first month of average YoY decline.

Detached $420,121 (YoY -3%, first decline) · 10-month record streak ended
All three types negative on sales · $1M+ first YoY decline · Condo still a record November

Pattern: the price rally hit its first clear turning point as the market cooled broadly.