Residential detached and condominium average prices rise to record levels in May
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.”
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
BOARD & ASSOCIATION INFORMATION
Since 1903, Winnipeg Regional Real Estate Board has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing just over 2,000 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, Winnipeg Regional Real Estate Board promotes the value of a REALTOR® and organized real estate. Winnipeg Regional Real Estate Board provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success. Winnipeg Regional Real Estate Board adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under license.
Winnipeg Regional Real Estate Board Association
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Michael Froese
