The 2026 real estate market is off to a steady start. While the number of homes selling is lower than this time last year, prices continue to rise across most property types.

Here’s what you need to know.

Overall Market Snapshot

In January 2026:

• 620 total MLS® sales were recorded — down 13% from January 2025
• 2,416 active listings are down 7% from last year
• $238 million in total dollar volume — down 7% year-over-year

Fewer homes sold compared to last January, but prices remained strong in many segments

Detached Homes: Prices Up, Sales Down

Residential detached homes continue to see price growth.

• Average price: $431,079 (up 4% from last year)
• 367 homes sold (down 17%)
• 927 active listings (down 14%)

Even though fewer homes sold, buyers are still willing to pay more. In fact, average prices are also above the five-year average.

Winnipeg vs. Outside Winnipeg

• Winnipeg average price: $438,485 (up 3%)
• Outside Winnipeg average price: $417,416 (up 6%)

Sales declined in both areas, but price growth was slightly stronger outside the city.

Most Active Price Ranges

If you’re wondering where most buyers are shopping:

• The $300,000–$399,999 range was the most active, with 80 sales (22% of all detached sales).
• The $400,000–$499,999 range followed closely with 76 sales (21%)

Luxury activity remains steady as well, with 6 homes selling over $1 million in January.

Condominium Market: Strong Price Growth

The condo market showed notable price gains.

• Average condo price: $275,515 (up 10%)
• 92 condos sold (down 16%)
• 353 active listings (up 17%)

More condos are available compared to last year, but buyers are still paying more on average.

Condo Hot Spots

In Winnipeg, the most active neighbourhoods for condo sales were:

• Fort Richmond
• Crestview
• Downtown

The most popular price range for condos was $200,000–$299,999, representing 36% of all condo sales.

Curious about buying or selling Real Estate in Winnipeg? Find some helpful information in the posts below:

• Top Neighbourhoods in Winnipeg: Where to Live, Buy, and Invest with Goodfellow Realty
• Thinking About Relocating to Winnipeg? Here’s What Families Should Know
• Is Winnipeg Real Estate Becoming More Valuable?

Residential Attached Homes: A Bright Spot

One segment that saw strong growth was residential attached homes (townhomes, etc.).

• 75 sales (up 27%)
• Average price: $380,888 (up 7%)

This category continues to attract buyers looking for affordability and lower maintenance living.

What Does This Mean for Buyers and Sellers?

For Sellers:

• Prices are holding strong and rising in many areas.
• With fewer listings overall in detached homes, well-priced properties can still attract solid interest.

For Buyers:

• Detached homes in the $300K–$500K range remain highly competitive.
• There is slightly less competition compared to last year.
• Inventory in some segments (like condos) has improved.

Final Thoughts

January 2026 shows a market that is adjusting rather than slowing dramatically. Sales activity is down compared to last year, but pricing remains resilient.

If you’re thinking about buying or selling this year, understanding your specific neighbourhood and price range is key. The market is not one-size-fits-all, and strategy matters more than ever.

Reach out to the Goodfellow Realty team today for a personalized breakdown for your home or the area you’re watching. Whether you’re buying, selling, or exploring your options, contact us at info@goodfellowrealty.com or call 204-224-2551. We’re happy to help you make sense of today’s market.