Residential detached and condominium average prices reach highest March and Q1 levels on record
Winnipeg, April 9, 2026 – The residential detached average price of $474,567 in March 2026 rose 1% above the previous March record set in 2025 while MLS® sales of 722 decreased 7% when compared to last year. Condominium average prices rose 6% to $292,696 and MLS® sales decreased 5% from March 2025. All MLS® 1 sales of 1,135 in March 2026 were down 4%, active All MLS® listings of 2,802 were down 10% and total MLS® dollar volume of over $472 million was down 1% from March 2025.
“Residential detached and condominium average prices were the highest on record for March and Q1,” said Dan O’Brien, 2026-2027 President of the Winnipeg Regional Real Estate Board. “After slower MLS® sales in January and February, March sales picked up en route to the third highest March total in the last five years. Inventory continues to be low and is contributing to higher prices but with warmer temperatures on the horizon, we anticipate more listings will come to the spring market.”
The first quarter (Q1) of 2026 saw year-to-date All MLS® sales of 2,540 down 9%, total MLS® listings of 4,555 down 9% while total dollar volume of over $1B was down 5% from 2025. Year-to-date residential detached MLS® sales of 1,578 were down 11% and the average price of $458,771 was up 2% when compared to last March. Condominium MLS® sales of 400 were down 14% and the average price of $286,204 was up 6% from last year.
“I’d like to welcome Dan O’Brien to the role of 2026-2027 President of the Board of Directors for the Winnipeg Regional Real Estate Board,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “Dan has always been committed to contributing his time and expertise at the Board and when combined with his almost two decades of experience as a REALTOR®, he will be well-placed to serve Member interests while representing the Winnipeg Regional Real Estate Board as President for the coming year.”
ABOUT THE WINNIPEG REGIONAL REAL ESTATE BOARD
Serving Members since 1903, the Winnipeg Regional Real Estate Board is one of Canada’s longest running real estate board, serving over 2,500 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. To find a REALTOR® or to view a map of MLS® listings, visit www.winnipegregionalrealestatenews.com.
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.
Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
1 – The All MLS® statistical category is an aggregate of all property types.
Media Inquiries:
Jeremy Davis
Director External Relations & Market Intelligence
Winnipeg Regional Real Estate Board
media@wrreb.ca
Office: 204-786-8857