A Measured Start to the Year as Buyers and Sellers Re-Enter the Market

January marked a steady but cautious start to the new year for Winnipeg’s real estate market. As is typical following the holiday season, sales activity remained moderate, while pricing reflected a market recalibrating after the record-setting conditions seen throughout much of 2025.

According to the Winnipeg Regional Real Estate Board (WRREB), January’s results point to a market that is balanced overall, with early signs of buyer and seller confidence beginning to return as we move further into the winter months.

All MLS®: A Quieter January, Stable Foundations

Across all MLS® areas, January recorded modest sales activity as the market eased into 2026:

• 367 residential detached sales

• 92 condominium sales

• 75 residential attached (townhouse) sales

The year-to-date average detached price across All MLS® areas sits at $431,079, reflecting the natural reset that often occurs early in the year when fewer high-end transactions are present. While this figure is lower than late-2025 averages, it provides a realistic baseline as new listings and buyer activity gradually increase.

Inside Winnipeg: Early-Year Stability

Within Winnipeg, January activity remained consistent with seasonal expectations:

• 238 detached home sales

• 73 condominium sales

• 53 residential attached sales

The Winnipeg year-to-date average detached price is $438,485, signaling continued stability in city-based housing demand. While transaction volumes were lower than peak months, buyer interest remained present across multiple neighbourhoods and price points, particularly among those planning ahead for the spring market.

Outside Winnipeg: Lifestyle Demand Continues

Markets outside Winnipeg also saw a measured start to the year:

• 129 detached sales

• 19 condominium sales

• 22 residential attached sales

The year-to-date average detached price outside Winnipeg sits at $417,416, reflecting ongoing interest in surrounding communities. Lifestyle-driven buyers continue to play a role in these markets, even during the slower winter season.

What This Means Moving Forward

January’s numbers reflect a market that is neither overheating nor slowing dramatically — instead, it’s finding its footing after a very strong 2025.

For buyers:

The early months of the year can present opportunities. With fewer competing offers and motivated sellers still active, prepared buyers may find favourable conditions before spring demand increases.

For sellers:

Pricing remains stable, but presentation and strategy matter more than ever. Homes that are priced correctly and thoughtfully prepared continue to perform well, even during the winter months.

View the Full Official Market Release

For a complete breakdown of January’s statistics, five-year comparisons, and detailed regional insights, you can view the full report directly from the Winnipeg Regional Real Estate Board:

January 2026 Market Statistics

If you’re thinking about buying or selling in 2026, now is a great time to start planning. Let’s connect, I’m always happy to talk through your options and help you build a strategy that fits your goals.