Residential detached and condominium average prices rise to record levels in May
Winnipeg, June 6, 2025 – The real estate market performance in May saw All MLS®* sales of 1,789 up 4% over May 2024 and 3% above the 5-year average. Active MLS® listings of 3,650 were down 11% and total MLS® dollar volume of over $737 million up 12% from May 2024. Residential detached MLS® sales of 1,259 were up 6% while the average price of $459,320 was up 8% when compared to May 2024. Condominium MLS® sales of 232 were down 16% and the average price of $297,864 up 7% over last May.
“May 2025 recorded the highest monthly condominium average price ever recorded in our market region,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “This was the best May on record for All MLS® total dollar volume and also residential detached average prices and dollar volume. From a year-to-date perspective, residential detached and condominium average prices were the highest on record through the first five months of a year.”
From a year-to-date perspective, All MLS® sales of 6,094 were up 7%, total MLS® listings of 9,945 were down 1% while total dollar volume of over $2.4B was up 14% over 2024. Year-to-date residential detached MLS® sales of 4,067 were up 6% and the average price of $456,972 was up 9% when compared to last May. Condominium MLS® sales of 902 and the average price of $277,954 were both statistically even with May 2024.
“In a fast-moving real estate market, it’s essential to have a plan and working with a knowledgeable REALTOR® can prove invaluable for buyers and sellers,” said Marina R. James, CEO of the Winnipeg Regional Real Estate Board. “Whether you are buying or selling, knowledge is power, and a REALTOR® will build a personalized strategy catered to you. With access to the latest MLS® market data, a REALTOR® will have your best interests in mind to help you get the best possible price in a purchase or sale.”
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* The All MLS® statistical category is an aggregate of all property types.
ABOUT THE WINNIPEG REGIONAL REAL ESTATE BOARD
Serving Members since 1903, the Winnipeg Regional Real Estate Board is one of Canada’s longest running real estate board, serving over 2,400 licensed residential and commercial real estate Brokers and Salespersons, along with other industry-related professions. REALTOR® Members of the Winnipeg Regional Real Estate Board utilize the Multiple Listing Service (MLS®) to put the housing market in perspective for those looking to buy or sell a home. REALTORS® can explain market insights, price trends, provide comparable property analysis and housing trends. To find a REALTOR® or to view a map of MLS® listings, visit www.winnipegregionalrealestatenews.com.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
Media Inquiries:
Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board
media@wrreb.ca
Office: 204-786-8857