Avg. Sale Price
$477,313
May 2026
Avg. Days on Market
25
May 2026
Active Listings
3,739
May 2026
Sales
1,200
May 2026
Trevor's Take
Winnipeg's housing market remained active in May despite a slight slowdown in sales compared to last year. Detached home prices continued to climb, reaching $477,313, up 4% year-over-year and 7% above the five-year average. Inventory also improved, with active listings rising 2% from last year, giving buyers a bit more selection than we've seen in recent months. Overall, the market remains balanced, with pricing strength continuing even as sales activity cools slightly.
May marked a meaningful inflection point for Winnipeg's 2026 market. It was the first month this year where All MLS® sales climbed above the 5-year average, and the first where active listings exceeded both last year's level and the 5-year average — giving buyers the most selection they've had in months. Prices continued setting records on the detached side, while the condo segment posted its first year-over-year sales gain of 2026.
May 2026 was the first month in 2026 where All MLS® sales rose above the 5-year average — a notable shift after months of below-average transaction counts.
Active MLS® listings reached 3,739 — the first month in 2026 where inventory was higher than both last year and the 5-year average, giving buyers measurably more selection than at any point this year.
Winnipeg residential detached recorded 1,200 sales in May 2026.
The average price reached $477,313 — up 4% from May 2025 and 7% above the 5-year average. This is the highest May residential detached average price on record. The most active price range was $400,000–$499,999 (266 sales, 22% of all detached), followed by $300,000–$399,999 (240 sales, 20%).
There were 24 homes sold at or above $1 million in May, with the highest-priced at over $2.3 million. May 2025 had 23 homes sold at or above $1 million, with the highest priced at just over $3.1 million. Waverley West led detached sales volume in Winnipeg, followed by St. Vital, River Park South, and West Kildonan.
Condominium MLS® sales in May were above last year for the first time in 2026. The condominium average price came close to the record set in 2025 but fell just short. Osborne Village led condo sales in Winnipeg, followed by Waverley West. The most active price range was $200,000–$299,999 (68 sales, 28% of all condo transactions), with $100,000–$199,999 second (67 sales, 27%).
May was the first month in 2026 where several indicators moved in a more balanced direction simultaneously — sales above the 5-year average, inventory above last year, and the condo segment posting year-over-year gains in transactions. Detached prices still set a May record, but that strength is now being met with more supply. For buyers, this is the most favourable inventory environment of the year. For sellers, pricing power remains real in well-located product, but the era of near-zero competition appears to be easing.
Through May, total MLS® sales of 5,594 were down 8% from 2025 and down 2% from the 5-year average. Total MLS® listings of 9,511 were down 4% from last year and down 1% from the 5-year average. Total dollar volume of over $2.3 billion was down 4% from 2025 but up 6% from the 5-year average.
Residential detached YTD sales of 3,685 were down 9% from last year and down 4% from the 5-year average, while the average price of $474,837 was up 4% versus the same point in 2025 and up 9% from the 5-year average. Condo YTD sales of 839 were down 7%, with an average price of $289,964 — up 4% from last year and up 7% from the 5-year average.