Manitoba Real Estate Association

The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 1,465 units in April 2026. This was down by 9.7% from April 2025.

Home sales were 1.1% below the five-year average and 1.2% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 4,105 units over the first four months of the year. This was a substantial decrease of 10.1% from the same period in 2025.

“Sales activity has been gradually unwinding from its recent peak in the spring of last year but remains on very solid footing,” said Akash Bedi, President of the Manitoba Real Estate Association. “New supply has also been on a gently downward sloping trend for over two years, so our market balance is still in seller’s territory but slightly less so than before. Price growth remains solid and inventory levels are more or less unchanged compared to the same time last year due to the tandem declines of supply and demand.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $396,400 in April 2026, up by 4.4% compared to April 2025.

The benchmark price for single-family homes was $419,300, an increase of 4.6% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $336,300, a slight gain of 0.1% compared to a year earlier, while the benchmark apartment price was $232,500, increasing by 2.3% from year-ago levels.

The average price of homes sold in April 2026 was a record $423,341, a moderate gain of 4.9% from April 2025.

The more comprehensive year-to-date average price was $402,880, increasing by 3.5% from the first four months of 2025.

The dollar value of all home sales in April 2026 was $620.2 million, a decline of 5.3% from the same month in 2025.

The number of new listings was nearly unchanged, up only 0.5% (12 listings) from April 2025. There were 2,307 new residential listings in April 2026.

New listings were 3.8% above the five-year average and 1.2% below the 10-year average for the month of April.

Active residential listings numbered 2,950 units on the market at the end of April, a minor increase of 1.4% from the end of April 2025.

Active listings were 3.2% below the five-year average and 21.6% below the 10-year average for the month of April.

Months of inventory numbered 2 at the end of April 2026, up from the 1.8 months recorded at the end of April 2025 and below the long-run average of 2.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.