Winnipeg Regional Real Estate Board Reports January 2026 Market Trends

Winnipeg Regional Real Estate Board — January 2026

In January 2026, the Winnipeg Regional Real Estate Board recorded a total of 367 MLS® sales, reflecting a 17% decrease compared to the same month last year. While average prices for residential detached homes rose to $431,079, condominium prices increased to $275,515, indicating a continued upward trend in property values.

Market Analysis

The Winnipeg real estate market in January 2026 exhibits a balanced condition, with a notable decline in sales volume across all property types. Total MLS® sales decreased by 13% year-over-year, with active listings down by 7%. This suggests a tightening of supply, particularly in the residential detached segment, where active listings are below both last year's figures and the five-year average. The increase in average prices indicates that demand remains relatively strong despite the lower sales volume, as buyers are willing to pay more for available properties.

Property Type Analysis

The analysis of property types reveals that while residential detached homes saw an average price increase of 4%, condominium prices experienced a more significant rise of 10%. However, both segments faced declines in sales, with residential detached sales down 17% and condominium sales down 16% compared to January 2025. This disparity suggests that while buyers are still interested in purchasing homes, the overall market activity is subdued, potentially due to limited inventory and increasing prices.

Regional Highlights

In the broader Winnipeg region, the total MLS® dollar volume for January 2026 exceeded $238 million, marking a 7% decline from the previous year. The decrease in both sales and active listings indicates a shift in market dynamics, where buyers may need to act quickly on available properties. The upcoming Market Insights event on February 19, 2026, promises to provide further analysis on these trends and their implications for the local economy and housing market.

For Buyers

Potential buyers in the Winnipeg market should remain vigilant and prepared to act quickly, as the current inventory levels are lower than historical averages. With prices on the rise, it is advisable to secure financing in advance and be ready to make competitive offers on properties that meet their needs.

For Sellers

Sellers should capitalize on the current market conditions by pricing their homes competitively, especially given the upward trend in average prices. With active listings down, there is an opportunity to attract motivated buyers, but homes must be presented well and marketed effectively to stand out in a balanced market.