The Winnipeg real estate market showed encouraging signs of strength in the May 2026 Real Estate Market Report, with overall MLS® sales rising above the five-year average for the first time in May 2026. While activity remained slightly below the record-setting pace seen last year, strong demand and rising home prices continue to highlight the resilience of the local market.

Sales Activity Remains Strong in the May 2026 Real Estate Market Report

A total of 1,707 MLS® sales were recorded across the Winnipeg Regional Real Estate Board market area in May. While this represents a 4% decrease compared to May 2025, it sits 1% above the five-year average, marking an important milestone for the market this year.

At the same time, active listings increased to 3,739 properties, up 2% from both last year and the five-year average. This modest increase in inventory is providing buyers with more options while helping maintain a healthy balance between supply and demand.

Total MLS® dollar volume surpassed $729 million in May, down just 1% from last year but 8% higher than the five-year average.

May 2026 Detached Homes Reach New Price Record

Residential detached home sales totaled 908 units in April, down 13% from last year, but only 3% Residential detached homes continued to drive the market.

• 1,200 detached homes sold in May
• Sales were down 4% compared to May 2025
• Sales were 1% above the five-year average
• Average price reached $477,313

Although the average price declined 4% from April, it increased 4% compared to May 2025 and sits 7% above the five-year average.

According to Winnipeg Regional Real Estate Board President Dan O’Brien, May 2026 recorded the highest May residential detached home price ever recorded in the Winnipeg market.

May 2026: Condominium Market Gains Momentum

The condominium sector posted some positive results as well.

• Condo sales increased 6% compared to May 2025
• Sales matched the five-year average
• Average condo prices were down 1% from last year
• Prices remain 5% above the five-year average

May marked the first month in 2026 where condominium sales outperformed the same month last year, indicating growing interest from first-time buyers, downsizers, and investors.

Year-to-Date Market Snapshot May 2026 Real Estate Market Report

While May delivered positive momentum, year-to-date figures continue to reflect a slower start compared to 2025.

All Property Types

• 5,594 sales year-to-date
• Down 8% from 2025
• Down 2% from the five-year average

Residential Detached Homes

• 3,685 sales year-to-date
• Down 9% from last year
• Average price: $474,837
• Up 4% from 2025
• Up 9% from the five-year average

Condominiums

• 839 sales year-to-date
• Down 7% from last year
• Average price: $289,964
• Up 4% from 2025
• Up 7% from the five-year average

Despite fewer transactions overall, home values continue to trend upward, demonstrating ongoing buyer confidence and sustained demand throughout the region.

What This Means for Buyers and Sellers

For sellers, the market remains favourable. Record detached home prices and sales activity above historical norms indicate that well-presented and properly priced properties continue to attract strong interest.

For buyers, the increase in active listings provides more selection than we’ve seen in recent months. While prices remain elevated, growing inventory may create opportunities for those who have been waiting for more choice in the marketplace.

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?

Final Thoughts on the May 2026 Real Estate Market Report

May’s results suggest the Winnipeg market is gaining momentum as we move into the busy summer season. Rising inventory levels, strong pricing, and sales activity above historical averages point to a stable and healthy market environment.

Whether you’re considering buying, selling, or simply looking to understand your home’s current value, working with a REALTOR® can help you navigate today’s evolving market with confidence.

Reach out to the Goodfellow Realty team today if you’d Iike to discuss how these trends affect your real estate goals. 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.

______

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