By Jeremy Davis
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® 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.
Residential detached homes in March saw MLS® sales of 722 which is 7% below the 773 seen in March 2025 and 8% below the 5-year average of 781. Residential detached homes saw active MLS® listings of 1,120 which is down 15% from the 1,322 seen last March and 12% below the 5-year average of 1,271. The average price of $474,567 for a residential detached home was up 1% from March 2025’s $469,832 and increased 8% from the 5-year average of $437,992.
For March, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by East Transcona. Through Q1 of 2026, Waverley West saw the most residential detached homes followed by West Kildonan. For March and Q1 of 2026 in the areas outside Winnipeg, the Steinbach area had the most residential detached homes sold followed by the Morden/Winkler area.
For March, the most active price range was the $300,000-$399,999 range which saw 157 MLS® sales, representing 22% of all residential detached MLS® sales. The $400,000-$499,999 price range was the second most active with 153 MLS® sales representing 21% of all residential detached MLS® sales in March.
There were 14 residential detached homes sold at or above $1 million in March, with the highest priced at almost $2 million. March 2025 had 13 residential detached homes sold at or above $1 million with the highest priced at $2 million. Through Q1 of 2026, there were 34 residential detached homes sold at or above $1 million with the highest priced sale at over $3.3 million. Through Q1 of 2025, there were 37 residential detached homes sold at or above $1 million with the highest priced sale at over $2.8 million.
MLS® sales of 190 for condominiums in March were 5% below the 199 seen last March and statistically even with the 5-year average. Active MLS® listings of 391 for condominiums were 10% above the 355 seen last March and 2% above the 5-year average of 385. The average price of $292,696 for a condominium in March was 6% above last March’s $277,068 and 9% above the 5-year average of $269,656.
For March, the Osborne Village area was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by Downtown, Richmond West and Waverley West. Outside Winnipeg, the Morden/Winkler area had the most MLS® sales in March followed by the Niverville/Ritchot and Selkirk areas. For the first quarter of 2026, the Osborne Village area had the most condominium MLS® sales followed by Downtown. Outside Winnipeg, the Morden/Winkler area led the way followed by Niverville/Ritchot.
The most active price range for condominiums was the $200,000-$299,999 range with 58 MLS® sales which represents 31% of all condominium MLS® sales in March. The $100,000-$199,999 range was the second most active with 52 MLS® sales in March, representing 27% of all condominium MLS® sales.
“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.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.