By Jeremy Davis
All MLS® sales of 1,707 in May 2026 were down 4% from last May and 1% above the 5-year average. Active All MLS® listings of 3,739 were up 2% from last year and the 5-year average. Total MLS® dollar volume of over $729 million was down 1% from May 2025 and up 8% from the 5-year average. Residential detached MLS® sales of 1,200 decreased 4% from last year and were 1% above the 5-year average. The residential detached average price of $477,313 in May 2026 decreased 4% from April but increased 4% from May 2025 and was up 7% from the 5-year average. Condominium MLS® sales were up 6% from last May and even with the 5-year average. Condominium average prices decreased 1% from May 2025 and increased 5% from the 5-year average.
“This was the highest May residential detached average price on record while the condominium average price fell just short of the record set in 2025,” said Dan O’Brien, 2026-2027 President of the Winnipeg Regional Real Estate Board. “May represents the first month in 2026 when All MLS® sales rose above the 5-year average, and also the first month when active listings were higher than last year and the 5-year average. Condominium MLS® sales in May were above last year for the first time in 2026.”
Year-to-date All 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 $2.3B was down 4% from 2025 but up 6% from the 5-year average. Year-to-date residential detached MLS® sales of 3,685 were down 9% from last year and down 4% from the 5-year average. The average price of $474,837 was up 4% when compared to 2025 and up 9% from the 5-year average. Year-to-date condominium MLS® sales of 839 were down 7% and the average price of $289,964 was up 4% from last year and up 7% from the 5-year average of $272,172.
Residential detached homes in May saw MLS® sales of 1,200 which is 4% below the 1,256 seen in May 2025 and 1% above the 5-year average of 1,184. Residential detached homes saw active MLS® listings of 1,729 which is even with last May and 2% below the 5-year average of 1,772. The average price of $477,313 for a residential detached home was up 4% from the $458,880 seen in May 2025 and increased 7% from the 5-year average of $444,838.
For May, Waverley West was the neighbourhood in Winnipeg which saw the most residential detached homes sold followed by St. Vital, River Park South and West Kildonan. Outside Winnipeg, the Steinbach area saw the most residential detached homes sold followed by the Niverville Ritchot area.
The most active price range in May was the $400,000-$499,999 range which saw 266 MLS® sales, representing 22% of all residential detached MLS® sales. The $300,000-$399,999 price range was the second most active with 240 MLS® sales representing 20% of all residential detached MLS® sales in May.
There were 24 residential detached homes sold at or above $1 million in May, with the highest priced at over $2.3 million. May 2025 had 23 residential detached homes sold at or above $1 million with the highest priced at just over $3.1 million.
MLS® sales of 247 for condominiums in May were 6% above the 232 seen in May 2025 and even with the 5-year average. Active MLS® listings of 481 for condominiums were 7% above the 451 seen last May and 3% above the 5-year average of 465. The average price of $294,703 for a condominium in May was 1% below last May’s $297,864 and 5% above the 5-year average of $279,766.
For May, the Osborne Village area was the neighbourhood in Winnipeg with the most condominium MLS® sales followed by Waverley West. Outside Winnipeg, the La Salle and Morden/Winkler areas had the most MLS® sales in May followed by the Steinbach area.
The most active price range for condominiums was the $200,000-$299,999 range with 68 MLS® sales which represents 28% of all condominium MLS® sales in May. The $100,000-$199,999 range was the second most active with 67 MLS® sales in May, representing 27% of all condominium MLS® sales.
“The Winnipeg Regional Real Estate Board is the voice of organized real estate in our market region and advocates on public policy issues that impact housing affordability and supply while supporting the growth of residential and commercial real estate development,” said Crystal Hollas, CEO of the Winnipeg Regional Real Estate Board. “Our Winnipeg Regional Real Estate News Market Matters column reports on the performance of real estate and elevates priorities important to the development of housing, owning a home, the buying and selling process, and why using a REALTOR® can prove invaluable.”
Jeremy Davis is the Winnipeg Regional Real Estate Board’s Director of External Relations & Market Intelligence.