Winnipeg & Surrounding Areas: The March 2026 Winnipeg real estate market saw a slower start to the year compared to 2025, with sales activity down across most property types. However, prices have remained resilient and some segments — particularly condominiums — continue to show strength.

Prices Hit New Highs

The March 2026 real estate market report noted record-breaking prices for both detached homes and condos.

• Detached homes averaged $474,567, up 1% year-over-year
• Condos averaged $292,696, up 6% year-over-year 

This marks the highest March and first-quarter pricing on record, showing continued upward pressure despite softer sales activity.

March 2026 Sales Activity Still Lagging

While the March picked up compared to earlier in the year, overall sales were still down compared to 2025:

• Total MLS® sales: 1,135 (down 4%)
• Detached home sales: 722 (down 7%)
• Condo sales: 190 (down 5%) 

The slower start to the year is still being felt, but March showed encouraging momentum heading into spring.

Inventory Remains Tight

One of the biggest factors driving prices right now is limited supply.

• Active listings: 2,802 (down 10% year-over-year) 

Low inventory continues to create competitive conditions for buyers, helping support price growth.

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
• Downsizing for Seniors: A Complete Guide to Simplifying Your Next Chapter.
• How Much Down Payment Do You Need in Manitoba?

March 2026 Real Estate Market: What Happened in Q1?

In Winnipeg:

• Waverley West led in detached home sales
• East Transcona followed closely 

Outside Winnipeg:

• Steinbach and Morden/Winkler saw the most activity 

For condos:

• Osborne Village and Downtown were the busiest areas 

Price Ranges That Moved the Most in March 2026

Detached homes:

• $300K–$399K: most active (22% of sales)
• $400K–$499K: close behind (21%) 

Condos:

• $200K–$299K: most active (31%)
• $100K–$199K: second most active (27%) 

This shows strong demand in mid-range and entry-level price points.

Luxury Market Snapshot in March 2026

• 14 homes sold over $1M in March
• Highest sale reached nearly $2M

Luxury activity remains steady, with similar numbers to last year.

What This Means for Buyers & Sellers

For sellers:
Low inventory and rising prices continue to create favorable conditions. Well-priced homes are still attracting strong interest.

For buyers:
While there are fewer listings, more inventory is expected as we move deeper into spring. Acting quickly—and being prepared—remains key.

Final Thoughts on the March 2026 Real Estate Market

March marked a turning point after a slower start to 2026. While sales are still below last year, rising prices and tight inventory point to a competitive spring market ahead.

As more listings come online in the coming months, we’ll get a clearer picture of how the rest of 2026 will unfold—but for now, demand remains strong and prices continue to climb.

Reach out to the Goodfellow Realty team today if you’re considering a move in 2026. 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.

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Useful Link:
The Winnipeg Regional Real Estate Board produces a monthly report about the housing market of Winnipeg and its Metropolitan Region, including statistical analysis and year-over-year comparisons. More information: https://www.winnipegregionalrealestateboard.ca/market-statistics/archived-market-releases/article/archive/2026