Real Estate Market Statistics around Winnipeg and Surrounding Areas for December 2025

• Inventory continued to tighten, with active listings sitting below both last year and the five-year average

  • Fewer choices for buyers helped support pricing across all property types

• Sales activity outperformed expectations for December

  • Transactions exceeded both last year and long-term norms, showing buyers remained engaged despite seasonal slowdown

• Dollar volume growth outpaced sales growth

  • With dollar volume rising faster than unit sales, the market clearly leaned on higher price points rather than increased transaction count

• Buyers are absorbing higher prices without stalling the market

  • Stable sales alongside rising dollar volume suggests affordability pressures haven’t yet derailed demand

• Market conditions remained balanced, not overheated

  • Sales growth occurred without a surge in listings or volatility, pointing to a steady close to the year rather than a speculative push

Key Takeaway: December 2025 closed with fewer listings, more sales, and significantly higher dollar volume—a combination that reinforces the strength and resilience of the Winnipeg MLS® market heading into 2026.

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Residential Detached Homes (Inside & Outside Winnipeg)

• Prices carried the market, not volume

• Inventory remained tight—especially outside Winnipeg, intensifying competition

• Winnipeg saw slightly more listings, but price growth stayed strong

• Detached homes set record-high December pricing, reinforcing seller confidence

What it means: Detached homes ended 2025 as the market’s strongest performer.

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Residential Attached Homes (Inside & Outside Winnipeg)

• Active listings increased, giving buyers more choice

• Sales dipped modestly, but remained in line with historical averages

• Pricing softened slightly year-over-year, reflecting affordability pressures

What it means: Buyers are cautious but still engaged—making this a strategic segment for value-focused shoppers.

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Condominium Homes (Inside & Outside Winnipeg)

• Sales increased even as prices declined

• Buyers favoured affordable and smaller units, shifting average pricing downward

• Winnipeg condo inventory expanded, giving buyers leverage

• Outside Winnipeg, fewer listings caused sharper fluctuations

What it means: Condo demand is active, but buyers are price-sensitive and selective.

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Local Markets Map (Winnipeg & Surrounding Areas)

• Southwest Winnipeg remained the highest-priced area, reflecting newer development and demand

• Northern and western zones offered more affordability

• Rural municipalities continued to compete with city prices for lifestyle buyers

What it means: Geography increasingly defines opportunity because value looks different depending on location.

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Closing Thoughts and What December 2025 Tells Us About 2026

2025 was defined by rising prices, steady demand, and increasingly localized market behaviour. Detached homes set records, condos adapted to buyer expectations, and regional markets proved that Winnipeg real estate can’t be reduced to a single headline.

As WRREB leadership emphasized, a new year brings new opportunity. For buyers and sellers alike, the message is clear: strategy matters more than timing, and professional guidance has never been more valuable.

With 2026 on the horizon, the data suggests Winnipeg isn’t slowing down, it’s evolving!

Tara Zacharias, REALTOR®