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April 2025 Market Snapshot: Winnipeg’s Spring Market Heats Up

April 2025 Market Snapshot: Winnipeg’s Spring Market Heats Up

If you're thinking about making a move, April's real estate numbers are speaking loud and clear—Winnipeg’s market is buzzing this spring! We saw a notable increase in buyer activity, with MLS® sales jumping 8% over April 2024. That’s 1,523 homes sold, making this the second-best April on record for overall sales and dollar volume, right behind the red-hot market of 2021.

Despite more homes flying off the market, active listings were actually down 13% compared to last year. That means inventory is tighter, and motivated buyers are acting fast—often with strong offers in hand. The total dollar volume exceeded $623 million, up 12% year-over-year, showing just how much confidence buyers are bringing to the table.

Detached homes stole the spotlight again, with 1,043 sales (up 7%) and an average sale price of $465,402—also a 7% increase. This price point marks the second-highest on record for residential detached, just shy of the all-time high we hit in March. Clearly, well-presented single-family homes are still in high demand.

On the condo side, it was a slightly different story. Sales dipped by 4%, and the average condo price came in at $274,483, down 4% from April 2024. But don’t let that fool you—condos remain an appealing choice for first-time buyers, investors, and downsizers, especially with rising detached prices.

Residential Detached Sales:

  • Waverley West had the highest number of residential detached home sales in Winnipeg.

  • Charleswood ranked second in Winnipeg.

  • 23 homes sold over $1 million, with the highest at $4 million.

    • In comparison, April 2024 had 18 $1M+ sales, with the highest just over $2 million.

Condominium Sales:

  • Osborne Village had the most condo MLS® sales in Winnipeg.

  • Waverley West followed as the second most active condo area in the city.

  • The most active price range: $175,000–$199,999 with 26 sales (13% of total condo sales).

  • Second most active range: $225,000–$249,999 with 22 sales (11% of total condo sales).

In today’s fast-moving market, buyers need to be prepared before they even step inside a showing. That means getting pre-approved, understanding your budget, and being ready to make a strong, confident offer when the right home comes along. Working with a Realtor® who knows how to navigate a competitive market is crucial—I can help you strategize, negotiate, and move quickly when opportunity knocks.

For sellers, first impressions matter more than ever. With buyers eager and inventory tight, showcasing your home at its absolute best can make all the difference. From staging tips to small updates that add big value, I’m here to guide you through the selling process and help you make the most of today’s hot market.

Wondering what homes are selling for in your neighborhood?

The best way to get an accurate picture is with a Comparative Market Analysis (CMA)—a detailed report that shows how your home compares to similar properties recently sold in your area. I offer this as a complimentary service, and it’s a great first step whether you’re just curious or seriously considering selling. Reach out to me anytime to set one up!

Source: Winnipeg Regional Real Estate Board.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.