IF YOU LOVE STATS, THIS IS THE ARTICLE FOR YOU!
July gave us an interesting mix.
Sales slowed compared to July last year, active listings increased, but average prices for both detached homes and condos still climbed.
So, fewer properties changed hands, buyers had more choice, and yet prices still held up.
That is a pretty good snapshot of the Winnipeg market right now.
July 2026 Winnipeg Real Estate Market at a Glance
Source: Winnipeg Regional Real Estate Board.
Across all MLS® property types, there were 1,475 total sales in July. That was:
9% lower than July 2025
1% below the five-year average
There were 4,005 active MLS® listings, which was:
9% higher than last year
1% above the five-year average
Total MLS® dollar volume was more than $601 million, down 7% from last July but still 4% above the five-year average.
So, compared to last year, we had fewer sales and more inventory.
That generally gives buyers a little more choice, but it does not automatically mean prices are falling.
Detached Home Prices Continued to Hold Strong
There were 1,054 detached home sales in July, down 7% from last year and 1% below the five-year average.
The average detached home price was $454,264.
That was:
2% higher than July 2025
6% above the five-year average
Once again, this is a good reminder that sales volume and home values do not always move together.
Fewer homes sold, but the average price still increased.
And, as always, an average price does not mean every Winnipeg home went up 2%.
A home in Transcona, River Heights, Garden City, St. Vital or the West End can all behave very differently depending on condition, location, lot, updates and price range.
The citywide average is useful, but it is only a starting point.
Winnipeg Condo Sales Slowed More Noticeably
There were 187 condominium sales in July, which was:
21% lower than July 2025
12% below the five-year average
Condos are having a bit of a rough go - my thought is that there’s been a lot of deferred maintenance catching up post-covid, driving special assessments & condo fee increases. Time will tell.
The average condo price was $290,522.
That was still:
2% higher than last year
5% above the five-year average
So while condo sales slowed more than detached homes, average prices still increased.
Keep in mind that “condominium” describes the ownership structure, not necessarily the style of property.
Condos can include apartments, townhouses and even some detached homes.
And when comparing condos, the purchase price is only one part of the picture. Condo fees, reserve fund health, special assessments, parking, management and the overall financial condition of the corporation can have a major impact on value.
What Is Happening So Far in 2026?
Looking at the year-to-date numbers helps smooth out some of the month-to-month noise.
Through the end of July, there were 8,762 total MLS® sales, down 6% from 2025 and just 1% below the five-year average.
Total MLS® dollar volume was more than $3.6 billion.
That was:
3% lower than last year
6% above the five-year average
There were 5,967 detached home sales year-to-date, down 7% from last year.
The average detached home price so far in 2026 is $473,124, which is:
3% higher than 2025
8% above the five-year average
A moment of silence for all the uncles that talked the kids out of buying houses for the past 5 years waiting for price to plummet. It’s just not happening.
For condominiums, there have been 1,248 sales so far this year, down 9% from last year.
The average condo price is $289,508, which is:
3% higher than 2025
6% above the five-year average
So even though total sales are behind last year, average prices remain higher.
That has really been one of the main themes of 2026 so far.
A Quick Look at Lake Country
The Winnipeg Regional Real Estate Board also released its mid-summer Lake Country update this month.
It looked at:
Lac du Bonnet
Lake Manitoba - East Side
Lake Winnipeg - East Side
Lake Winnipeg - West Side
Winnipeg River
And the results were all over the place depending on the area.
During the first half of 2026, sales were above both last year and the five-year average in Lac du Bonnet and Winnipeg River.
Sales were below both benchmarks in Lake Winnipeg - East Side, Lake Winnipeg - West Side and Lake Manitoba - East Side.
Average prices increased from last year in Lake Manitoba - East Side, Lake Winnipeg - West Side and Winnipeg River, while Lac du Bonnet and Lake Winnipeg - East Side were lower.
However, all five areas had average prices above their five-year averages.
Lake properties are a perfect example of why broad averages only tell part of the story.
Seasonal access, waterfront, septic systems, shoreline, road access, weather exposure and the exact location can make two seemingly similar properties worth very different amounts.
What Does This Mean for Winnipeg Buyers and Sellers?
For sellers, July is another reminder that higher average prices do not mean every home will automatically sell quickly or for top dollar.
There are more active listings than there were last year, which means buyers have more properties to compare.
Pricing and preparation matter.
For buyers, the increase in inventory is encouraging because there are more options available, but good properties can still move quickly.
Looking at recent sold prices is especially important.
What a home is listed for tells you what the seller is asking.
What comparable homes actually sold for tells you what buyers have been willing to pay.
Citywide statistics are a useful starting point.
The better question is what is happening in your specific neighbourhood, property type and price range.
If you are thinking about buying or selling in Winnipeg or the surrounding communities, reach out. We can look at the recent sales, current competition and the numbers that actually apply to your situation, so you can make the best decision for YOU and your unique situation.
Dino Stepic
Dino Stepic Personal Real Estate Corporation
RE/MAX One Group
204-808-7646
dino@thedinonetwork.ca
