Residential detached and condominium average prices reach highest March and Q1 levels on record
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® 1 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.
“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.”
Statistics provided in this market release are the sole property of the Winnipeg Regional Real Estate Board.
The All MLS® statistical category is an aggregate of all property types.
Media Inquiries: Jeremy Davis Director External Relations & Market Intelligence Winnipeg Regional Real Estate Board media@wrreb.ca Office: 204-786-8857
BOARD & ASSOCIATION INFORMATION
Since 1903, Winnipeg Regional Real Estate Board has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing just over 2,000 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, Winnipeg Regional Real Estate Board promotes the value of a REALTOR® and organized real estate. Winnipeg Regional Real Estate Board provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success. Winnipeg Regional Real Estate Board adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under license.
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Jeremy Davis at
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Crystal Hollas
