WINNIPEG REGIONAL REAL ESTATE BOARD PRESS RELEASE, FEBRUARY 7, 2025

Winnipeg, February 7, 2025 – January saw All MLS®  sales of 722 up 10% over January 2024, and 1% above the 5-year average. Active MLS® listings of 2,597 were down 14% from last January and total MLS® dollar volume of over $258 million up 9% from January 2024. Residential detached MLS® sales of 447 were up 1% while the average price of $413,247 was up 4% when compared to January 2024. Condominium MLS® sales of 111 were up 12% and the average price of $249,793 down 10% over last January. ​

"January is the seventh consecutive month with All MLS® sales increases over the previous year," said Daphne Shepherd, 2024-2025 President of the Winnipeg Regional Real Estate Board. “Going back to August of 2024, January also represents the sixth consecutive month in which the All MLS® sales total was that month's third best result on record. The All MLS® total dollar volume was the second-best January in our history, behind the best result which occurred in 2021."

January 2025​'s real estate market performance saw increases to All MLS® sales, and dollar volume when compared to last January and the 5-year average. All MLS® active listings were down from January 2024 but up from the 5-year average. Residential detached, condominium, and residential attached homes saw increases to MLS® sales over 2024 while only residential detached homes fell below the 5-year average. Dollar volumes were up over last year for residential detached and attached homes while condominiums were statistically even but all three rose above the 5-year average. Average prices for residential detached homes were above last year and the 5-year average while condominiums and residential attached homes were below last year but above the 5-year average.​

• For January, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold with a tie for the second most MLS® sales in Windsor Park and West Kildonan. Outside Winnipeg, the Steinbach area had the most residential detached homes sold while the second most was the Niverville/Ritchot area.

• The $375,000-$399,999 price range was the most active with 34 MLS® sales representing 8% of all residential detached MLS® sales in January. The second most active price range was $600,000-$699,999 which saw 33 MLS® sales, representing 7% of all residential detached MLS® sales in January.

• There were 8 residential detached homes sold over $1 million in January, with the highest priced at over $1.7 million. January 2024 had 7 residential detached homes over $1 million.

• For January, River Heights was the neighbourhood in Winnipeg which saw the most condominium MLS® sales followed by Osborne Village.

• The most active price range for condominiums was the $150,000-$174,999 range with 19 MLS® sales which represents 17% of all condominium MLS® sales in January. The $225,000-$249,999 was the second most active with 12 MLS® sales in January, representing 11% of all condominium MLS® sales.​

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.

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.