Manitoba Real Estate Association MLS® home sales remain on solid footing in August
The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 1,497 units in August 2025. This decreased by 6% from August 2024.
Home sales were 4.7% below the five-year average and 2.9% below the 10-year average for the month of August.
On a year-to-date basis, home sales totaled 11,532 units over the first eight months of the year. This was a gain of 4.1% from the same period in 2024.
“Sales activity in our provincial markets posted another solid showing for the month of August, notching one of the best levels for this month in history aside from 2020 and 2021,” said Catherine Schellenberg, President of the Manitoba Real Estate Association. “New listings have been more or less stable over the past two years, but with the pace of demand picking up this means overall inventory levels have been falling over the same period. Provincially we are still in a seller’s market, and our modest to strong price growth reflects the continued strength of demand relative to supply.”
The average price of homes sold in August 2025 was $395,913, up by 8.9% from August 2024.
The more comprehensive year-to-date average price was $397,897, an increase of 7.6% from the first eight months of 2024.
The dollar value of all home sales in August 2025 was $592.7 million, a small gain of 2.3% from the same month in 2024. The dollar volume of all homes sold hasn’t been this high in the month of August in five years.
The number of new listings decreased by 4.2% from August 2024. There were 2,039 new residential listings in August 2025. This was the lowest number of new listings added in the month of August in more than a decade.
New listings were 6.7% below the five-year average and 9.6% below the 10-year average for the month of August.
Active residential listings numbered 3,246 units on the market at the end of August, a sharp decrease of 12.6% from the end of August 2024.
Active listings were 10.5% below the five-year average and 27.6% below the 10-year average for the month of August.
Months of inventory numbered 2.2 at the end of August 2025, down from the 2.3 months recorded at the end of August 2024 and below the long-run average of 3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
BOARD & ASSOCIATION INFORMATION
Founded in 1949, the Manitoba Real Estate Association represents more than 2,600 real estate professionals throughout the province. MREA uses its expertise to build, empower and uphold a trusted and sustainable real estate profession to ensure Manitobans value the role that REALTORS® have in building stronger communities, and in helping Manitobans through the most financially impactful decisions of their lives.
REALTOR® is a trademark, that identifies real estate professionals who are members of the Canadian Real Estate Association and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.
For more information,
please contact:
Manitoba Real Estate Association
1873 Inkster Blvd
Winnipeg, MB, R2R 2A6
Tel: 204-772-0405
Web: https://realestatemanitoba.com/
Catherine Schellenberg
