Market momentum continues as sales rise and listings tighten

The Winnipeg real estate market remained strong in July 2025, continuing its upward trend in both sales and average prices. According to the latest data from the Winnipeg Regional Real Estate Board, MLS® sales for July reached 1,620 transactions, marking a 9% increase over July 2024 and a 6% gain over the five-year average. This performance makes it the third highest July on record for sales and sets a new record for July’s total dollar volume at $646 million, up 12% from last year.

Detached Homes: Steady Demand, Higher Prices
The detached home segment continues to lead the market:

Sales rose by 9% year-over-year to 1,131 units.

The average price climbed to $443,635, a 2% increase from July 2024 and 8% above the five-year average.

Inventory remains tight, with active listings down 16% from last year.

Within Winnipeg, River Heights and Charleswood were the top-performing neighbourhoods for detached home sales. Outside the city, Morden/Winkler and Steinbach saw the highest activity.

The most popular price range for detached homes was $400,000–$499,999, accounting for 24% of all sales, followed closely by the $300,000–$399,999 bracket at 22%.

Condominium Market: Sales Surge in Key Areas

The condo market also had a strong showing in July:

Sales rose 12% year-over-year to 238 units.

The average condo price held steady at $284,845, while still showing a 5% increase over the five-year average.

Inventory levels stayed relatively stable with a slight 1% increase from July 2024.

Within Winnipeg, Osborne Village led in condo sales, followed by Linden Woods. Outside Winnipeg, the Steinbach and Niverville/Ritchot areas were top performers.

The most active price range for condos was $100,000–$199,999, representing 33% of sales, followed by the $200,000–$299,999 range at 30%.

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?

Residential Attached: Biggest Year-Over-Year Gains

The residential attached market (e.g., townhomes, duplexes) saw the highest year-over-year growth:

Sales jumped 13% compared to July 2024.

The average sale price hit $374,496, a 6% increase over last year and 10% above the five-year average.

Notably, the average price for attached homes in Winnipeg rose by 12%, reaching $388,267, while outside Winnipeg it dropped by 9%, despite a 6% gain over the five-year average.

Year-to-Date Snapshot: Solid Growth Continues
Looking at the broader picture:

All MLS® sales from January to July totaled 9,374, up 7% over 2024.

The year-to-date dollar volume surpassed $3.7 billion, a 13% increase from last year.

Detached homes saw a 6% rise in sales and an 8% rise in average price to $457,667.

Condos posted a 3% increase in sales, with average prices nudging up by 1% to $281,427.

Spotlight: Lake Country Real Estate
The Lake Country areas also showed mixed but generally positive trends:

Sales were up in Lac du Bonnet, Lake Manitoba – East Side, and Lake Winnipeg – West Side.

Prices rose across all regions except for Winnipeg River, where both sales and prices declined.

The standout was Lake Winnipeg – East Side, where prices surged by 27% year-over-year.

As always, localized dynamics vary significantly across cottage country. If you’re considering buying or selling in these areas, working with an experienced REALTOR® can help you navigate everything from access and amenities to rural services.

What This Means for You
Whether you’re a homeowner considering a sale, a first-time buyer entering the market, or an investor eyeing Lake Country opportunities, July’s numbers point to a competitive and active market. With inventory tightening and prices rising, it’s essential to have a trusted real estate advisor guiding your next move.

Thinking of buying or selling in Winnipeg or surrounding areas? Connect with the team at Goodfellow Realty Ltd. — your local experts ready to help you navigate every corner of the real estate market.. Contact us today at info@goodfellowrealty.com or call 204-224-2551 to take the next step.