As 2025 came to a close, the Winnipeg real estate market continued to show resilience and steady growth. December capped off a year defined by rising prices, stable sales activity, and tightening inventory in many segments — clear signs of ongoing demand as we head into 2026

Overall Market Snapshot

• 752 total MLS® sales in December, up 2% year-over-year and 4% above the five-year average
• Active listings dropped 4%, signalling continued pressure on supply
• Total dollar volume reached over $297 million, a 9% increase from December 2024

Despite seasonal slowdowns typically seen in December, the market outperformed both last year and long-term averages.

Detached Homes: Prices Continue to Climb

Detached homes remained the backbone of the market:

• 466 sales, statistically even with last year
• Average price: $467,378, up a significant 10% year-over-year
• Inventory declined 9%, keeping competition strong for well-priced homes

Notably, December recorded the highest-ever average price for detached homes in a December, marking one of the strongest months on record for this segment.

The most active price range was $300,000–$399,999, accounting for 21% of all detached sales. Luxury activity also increased, with 13 homes selling over $1 million, compared to just 7 the year prior.

Condominium Market: More Sales, Softer Prices

The condominium segment showed mixed results:

• 129 sales, up 8% year-over-year
• Average price: $256,713, down 6% from last December
• Active listings increased, particularly within Winnipeg

This shift may present opportunities for buyers looking for affordability, especially in the $100,000–$199,999 price range, which saw the highest activity.

Curious about buying or selling Real Estate in Winnipeg? Find some helpful information in the posts below:

• Top Neighbourhoods in Winnipeg: Where to Live, Buy, and Invest with Goodfellow Realty
• Thinking About Relocating to Winnipeg? Here’s What Families Should Know
• Is Winnipeg Real Estate Becoming More Valuable?

Year-in-Review: 2025 by the Numbers

Looking at the full year:

• Total MLS® sales: 15,180 (+4%)
• Total dollar volume: over $6 billion (+10%)
• Average detached price: $451,852 (+7% year-over-year)

Price growth was seen across Winnipeg and surrounding communities, with especially strong gains in areas like Morden/Winkler (+12%), Steinbach (+7%), and Winnipeg overall (+6%).

What This Means for Buyers and Sellers

Sellers: Low inventory and rising prices continue to favour well-prepared listings.

Buyers: While prices remain elevated, condos and select attached homes offer more choice and negotiating room.

Investors: Strong year-over-year price growth reinforces long-term market confidence.

Thinking About Buying or Selling in 2026?

Every market shift creates opportunity — but timing, pricing, and strategy matter more than ever. If you’re considering buying, selling, or simply want to understand what these trends mean for your specific neighbourhood, we’re here to help.

Reach out to the Goodfellow Realty team today for a personalized market consultation and start 2026 with a clear plan. Whether you’re buying, selling, or exploring your options, contact us at info@goodfellowrealty.com or call 204-224-2551. Let’s plan your next step with confidence.