March real estate sales climbed in Manitoba compared to last year, but still lagged behind numbers seen during the pandemic boom.
The data comes from the Winnipeg Regional Real Estate Board’s (WRREB) March 2025 market analysis report, which showed there were 1,189 total sales across all categories.
This marked a six per cent climb from March 2024, but an 11 per cent drop from the five-year average.
Active listings also fell nine per cent from last March.
Meanwhile, March saw a total dollar volume of over $479 million, which is up 14 per cent from last year.
Other key takeaways – there were 776 residential detached sales, a four per cent increase, while the average price of $470,399 marked a 12 per cent rise compared to March of 2024.
Condominium sales were also up six per cent, with the average price pegged at $277,068—a modest improvement from last March.
WRREB President Michael Froese said last month set the highest residential detached price ever, only to have March 2025 surpass that.
“March represents the ninth consecutive month with all MLS sales increases over the previous year. First quarter 2025 totals for MLS sales and dollar volume rank as the third best first quarter results on record,” he said in a news release.
When looking at year-over-year sales growth of residential detached properties, West St. Paul recorded the biggest unit sales jump at a whopping 124 per cent.
Oakbank also saw a 60 per cent spike, while Niverville/Ritchot had a 50 per cent rise.
The area with the biggest average price jump year-over-year was Winnipeg at nine per cent, at $455,506. It was followed by Oakbank at eight per cent, with an average price of $537,316.
West St. Paul saw a six per cent rise, with the average home price reaching $639,405.
The full report can be read on WRREB’s website.
