Winnipeg Regional Real Estate Board Reports February 2026 Market Trends

Winnipeg Regional Real Estate Board — February 2026

In February 2026, the Winnipeg real estate market experienced a total of 489 MLS® sales, reflecting an 11% decrease compared to the same month last year. The average price of residential properties reached $1,405, while active listings and new listings data remain unavailable.

Market Analysis

The Winnipeg real estate market is currently characterized as balanced, with a notable decline in sales compared to February 2025. The total sales of 489 represent an 11% decrease year-over-year, while the total dollar volume for the month exceeded $314 million, down 10% from the previous year. Despite these declines, the market is showing signs of stabilization, with residential detached average prices remaining statistically even with last year, indicating a potential leveling off in pricing amidst reduced sales activity.

Property Type Analysis

In the condominium segment, average prices have risen by 4% to $284,086, marking the highest February average price on record for this property type. However, condominium sales have decreased by 24% compared to February 2025, reflecting a trend of reduced activity in this sector. In contrast, residential attached homes have seen an uptick in sales, listings, and average prices, suggesting a shift in buyer preference as the market approaches the spring season.

Regional Highlights

Year-to-date sales through February 2026 total 1,405, which is down 12% from the same period last year. Active listings have also decreased by 11%, indicating a tightening supply in the market. The overall trend suggests that while sales are lagging behind 2025 figures, they are aligning more closely with 2024, hinting at a potential return to more typical market conditions as inventory levels may increase with the upcoming spring market.

For Buyers

Prospective buyers are encouraged to engage with a REALTOR® to navigate the current market dynamics effectively. With fewer active listings available, having a clear plan and being prepared to act quickly can enhance the chances of securing a desired property as the spring season approaches.

For Sellers

Sellers should consider preparing their homes for the market now, as the spring season typically brings increased buyer activity and demand. Working with a REALTOR® can help sellers position their properties effectively, ensuring they are ready to capitalize on the anticipated uptick in market activity.