Market Update – June 2025 Winnipeg Real Estate

Prices Rise, Sales Surge, Inventory Tightens Across All Property Types

The Winnipeg Regional Real Estate Board’s (WRREB) June 2025 data reports a strong real estate market characterized by rising prices, steady sales growth, and tight inventory, especially in the residential detached and condominium segments.

Inventory Down, Dollar Volume Up - A Tight Market Sets the Stage

 Active Listings 3,716 (↓10% YoY)

Sales 1,671 (↑6% YoY)

Dollar Volume $707.6M (↑14% YoY)

Compared to the 5-year average, listings were only slightly above, while sales trailed by 3%. The dollar volume surged thanks to higher average sale prices. 

The supply squeeze combined with sustained buyer demand continues to elevate average prices across nearly all property types.

Housing Snapshot - Across the Winnipeg Region for June 2025

• Detached homes continue to anchor the market, with strong demand and record-high prices for June.
• Condos remain a sought-after option in both urban and suburban areas, offering affordability and convenience.
• Attached homes are seeing growth as a hybrid option—appealing to buyers who want space and value in a competitive market.

Sales Surge in Specific Regions Despite Softness Elsewhere

Top Gainers by Sales Growth

West St. Paul +49%

Niverville/Ritchot +17%

Steinbach +13%

Price Champions

Gimli & Lake Country +10%

Morden/Winkler + 6% 

These numbers demonstrate how hyper-local factors are influencing performance even within the same metro area.

Notably, West St. Paul experienced the largest sales increase (49%), despite a dip in average price. On the other hand, Morden/Winkler saw a significant 22% drop in volume, signaling potential cooling in that micro-market.

What to Expect This Summer

“While spring is typically the WRREB’s busiest market season, summer remains an active and important time for buyers and sellers.”
– Marina R. James, CEO of WRREB

With prices at record highs and many homes selling above list price, summer 2025 could continue to be competitive, especially in high-demand areas. Buyers exploring cottage country, relocations, or first-time purchases should be prepared to act quickly.

All Real Estate Is Local – Price by Subregion

Southwest Winnipeg tops the list at $612,688

Southeast follows at $506,482

North Winnipeg remains more affordable at $370,466

West Winnipeg is the lowest at $360,642

This diversity offers something for every budget and further explains localized demand shifts.

Residential Detached Hits New Heights

Sales 1,211 (↑8%)

Average Price $473,131 (↑8%)

Active Listings 1,710 (↓14%)

Avg. Sq. Ft. 1,396

This is the highest average price ever recorded for a June in WRREB history.

Sales in Winnipeg proper led the way with 809 transactions and an average price of $485,521, up 9% from June 2024. Outside Winnipeg also saw notable movement with a price increase of 7% and 402 sales.

Residential Attached - Strong Price Growth and Sales Increase

Sales 113 (↑14% YoY)

Average Price $372,937 (↑5%)

Active Listings 243 (↓6%)

Within Winnipeg, attached homes saw a 6% price increase. Outside Winnipeg, prices rose 4% with a sharp 19% jump in sales, suggesting more buyers turning to attached options for affordability.

Condominium Market Climbs to New Records

Sales 227 (↑10%)

Average Price $291,647 (↑7%)

Active Listings 505 (↑8%)

Outside Winnipeg, sales rose a remarkable 23%, showing growing interest in suburban condos. Winnipeg city condos still remain the highest with 189 sales and a price jump of 8%, now averaging $288,578.

Historic Context - Detached Home Sales Trending Up Again

The chart shows June residential detached sales bouncing back from a 2023 dip, approaching the 1,300 mark again, a sign of market resilience after recent volatility.

Final Takeaway - 2025 Poised to Outperform

With prices rising in nearly every submarket and strong buyer activity across detached, attached, and condo segments, Winnipeg’s real estate market is poised to remain robust through the summer.

Whether you're looking to buy, sell, or invest, now is the time to act. The trends clearly show that inventory is tightening while values continue to climb.

Tara Zacharias, REALTOR®