10/06/2026
September’s numbers tell an interesting story about the Winnipeg real estate market: prices remain strong, but buyers have more choice and the pace of sales has softened.
Year-to-date, the average price of a residential detached home reached a record $467,687, up 3% from 2025 and 8% above the five-year average. Condominiums also reached a record year-to-date average of $288,751, up 2% year-over-year.
At the same time, inventory is opening up. There were 4,234 active MLS® listings in September, 14% more than this time last year. Detached-home inventory climbed even further, with 2,098 active listings representing a 20% year-over-year increase.
So, what does that mean?
For buyers, more inventory can mean more choice and potentially a little more breathing room when making a decision. For sellers, record average prices are encouraging, but with more homes competing for buyers’ attention, pricing and presentation continue to matter.
We’re also seeing a softer sales pace. September recorded 1,250 MLS® sales, down 10% from last year but right in line with the five-year average. Condo sales saw the largest shift, falling 23% year-over-year.
The takeaway? Winnipeg remains a strong market from a pricing perspective, but the balance is shifting as inventory grows and buyers have more options.
Thinking about buying or selling this fall? The Mackie Case Team can help you understand what these numbers mean for your specific neighbourhood, property and plans.
