Winnipeg real estate prices rise, sales drop at start of 2026

A for sale sign in Winnipeg on June 23, 2025. (Jon Hendricks/CTV News Winnipeg)

The start of the new year saw housing prices continue to climb in Winnipeg and its surrounding areas, while sales saw a steep drop.

According to the January 2026 market analysis from the Winnipeg Regional Real Estate Board, the average price of a detached home for Winnipeg and its Metropolitan Region went up four per cent to $431,079 compared to the same time last year. However, sales were down 17 per cent from January 2025.

In terms of condos, the numbers show the average price climbed 10 per cent to $275,515, though sales were down 16 per cent year-over-year.

The Real Estate Board also reports January 2026 saw 620 total sales – a drop of 13 per cent compared to the same time last year.

Meanwhile, listings and dollar volume were both down seven per cent.

“2026 began by continuing the trend seen in 2025 with residential detached and condominium average price increases compared to last year and the 5-year average,” said Michael Froese, president of the Winnipeg Regional Real Estate Board, in a news release.

“MLS sales for all MLS, residential detached and condominiums, on the other hand, were lower than last year and the 5-year average.”

Across Winnipeg, the Waverley West neighbourhood saw the most residential detached homes sales in January, followed by West Kildonan. Outside of the city, the largest number of detached homes were sold in Steinbach, followed by the Morden/Winkler area.

The Real Estate Board also reports that six homes sold at or above $1 million last month, with the highest priced at over $1.7 million.

The full analysis is available online