Year-to-date real estate performance continues to shine while November market results show slight decline
Year-to-date All MLS® sales of 14,431 through to the end of November 2025 were up 4%, total MLS® listings of 21,996 statistically even while total dollar volume of over $5.7B was up 10% from 2024. Year-to-date residential detached MLS® sales of 9,842 were up 3% and the average price of $451,137 was up 6% when compared to last November. Condominium MLS® sales of 2,070 were statistically even and the average price of $283,498 was up 3% above last year.
“Year-to-date All MLS® sales are the third highest on record and dollar volume is the second highest while residential detached and condominium prices set a new November record,” said Michael Froese, 2025-2026 President of the Winnipeg Regional Real Estate Board. “Condominium average prices rose versus last year and set a new November record while this is the first month in 2025 when residential detached average prices declined versus 2024 and did not set a monthly average price record. November’s real estate market saw declines in All MLS® sales and dollar volume while MLS® sales, dollar volume and average prices declined for residential detached homes.”
November 2025 saw All MLS® sales of 935 decrease 10% from November 2024 and were down 5%, active MLS® listings of 3,165 decreased 5% and total MLS® dollar volume of over $349 million was down 12% from November 2024. Residential detached MLS® sales of 630 decreased 7% while the average price of $420,121 was down 3% when compared to November 2024. Condominium MLS® sales of 129 were down 15% and the average price of $272,718 was up 6% from November 2024.
“As we enter the holiday season in the final month of 2025, it is the time of year when homes start to take center stage for holiday parties and family gatherings while serving as the backdrop for lifelong memories,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “REALTORS® know that a home is so much more than just a physical space and it’s why they are so passionate about helping Manitobans write their next chapter. If you’re looking to buy a house this holiday season, a REALTOR® will focus on your priorities to ensure the physical space you purchase will be one you can truly call home.”
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.
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Michael Froese
