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October average prices reach record highs and buyer choice expands again
Winnipeg, November 5, 2026 – Sellers and current homeowners will be happy to see that average prices for residential detached homes and condominiums in October reached historic monthly and year-to-date levels. Residential detached homes were up 3% from 2025 for October and year-to-date. Condominiums were up 2% from 2025 for October and year-to-date.
With a trend building for consecutive months, buyers gained more choice in the market. Since May, overall inventory levels have been creeping up from last year with October reaching a 13% increase from 2025 and up 6% from the 5-year average. Residential detached inventory increased 20%, while condominium listings rose 11% from October 2025.
While overall sales continue to be off the pace from 2025, they are tracking very closely with the 5-year average. Last year’s total MLS® sales result was the 3rd best on record so a comparison to the 5-year average brings 2026’s performance into perspective. All MLS® sales were down 11% from last October but only 2% below the 5-year average. This trend is also apparent when looking from a year-to-date perspective.
October Residential Detached MLS® Sales
“The condominium average price for October represented the first time eclipsing the $300,000 mark in our history,” said Dan O’Brien, 2026-2027 President of the Winnipeg Regional Real Estate Board. “Residential detached and condominium average prices broke historic records for October and on a year-to-date basis. Inventory in October reached a level not seen since before the pandemic. This is good news for buyers looking for more choice in the real estate market.”
Year-to-Date
Around Our Market Region
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