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July 2025 Market Release - Print Version​

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.”  

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.

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• 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. 

Credit to Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board