January 2026 Market Report
All Three Property Types Post Positive Price YoY
All MLS® Areas · Detached / Condo / Attached · January 2026
Headline · A Soft Start, Firm Prices
01 / OVERVIEWJanuary sales of 620 were down 13% YoY and 5% below the 5-year average — a soft start to the year. Yet all three property types posted positive price YoY, led by Condo (+10%) > Attached (+7%) > Detached (+4%), a different order from 2025's Detached-led leadership.
| Metric | Jan 2026 | vs 2025 | vs 5-Yr Avg |
|---|---|---|---|
| Sales | 620 | -13% | -5% |
| Active Listings | 2,416 | -7% | -3% |
| Dollar Volume | $238,066,143 | -7% | +3% |
| Type | Sales | vs25 | Listings | vs25 | Avg Price | vs25 |
|---|---|---|---|---|---|---|
| Detached | 367 | -17% | 927 | -14% | $431,079 | +4% |
| Condominium | 92 | -16% | 353 | +17% | $275,515 | +10% |
| Attached | 75 | +27% | 230 | +19% | $380,888 | +7% |
Three Property Types · YoY Comparison
02 / BY TYPEThe three types diverge clearly: Detached (sales↓ / listings↓ / price↑) and Condo (sales↓ / listings↑ / price↑) differ in direction, while Attached is positive on all three (sales, listings, price).
| Property Type | Sales YoY | Listings YoY | Price YoY |
|---|---|---|---|
| Detached | -17% | -14% | +4% |
| Condominium | -16% | +17% | +10% |
| Attached | +27% | +19% | +7% |
| All Property | -13% | -7% | — |
| Type | Jan 2026 | Jan 2025 | YoY |
|---|---|---|---|
| Residential-Detached | $431,079 | $412,722 | +4.4% |
| Condominium | $275,515 | $250,200 | +10.1% |
| Residential-Attached | $380,888 | $356,839 | +6.7% |
Detached · Winnipeg vs Outside
03 / REGIONALOutside Detached sales fell 25% YoY, materially weaker than Winnipeg's -12%. Winnipeg sales-to-listings was 57.5%, below January 2025's 60.1%.
| Dimension | Winnipeg | Outside Winnipeg |
|---|---|---|
| Sales | 238 | 129 |
| Sales YoY | -12% | -25% |
| Active Listings | 414 | 513 |
| Avg Price | $438,485 | $417,416 |
| Price YoY | +3% | +6% |
| Sales-to-Listings | 57.5% | 25.1% |
Price Range Distribution
04 / PRICE BANDSDetached's top range was $300–399k for the 6th consecutive month (since August 2025); Condo sales concentrated below $200k and in $200–299k.
Residential-Detached
Condominium
January · Regional Detached
05 / AREAS| Region | Jan Avg | YoY | Jan Sales | YoY |
|---|---|---|---|---|
| All MLS Areas | $431,079 | +4% | 367 | -17% |
| Winnipeg | $438,485 | +3% | 238 | -12% |
| Total Outside Winnipeg | $417,416 | +6% | 129 | -25% |
| Steinbach (R16) | $423,825 | +16% | 29 | 0% |
| Morden/Winkler (R35) | $334,526 | +5% | 21 | +62% |
| Morris (R17) | $276,192 | +19% | 13 | +18% |
| West St. Paul (R15) | $667,311 | +12% | 9 | -10% |
| Niverville/Ritchot (R07) | $468,275 | 0% | 7 | -53% |
| Lake Country | $255,333 | -3% | 6 | -67% |
· Morden/Winkler sales YoY +62%, the largest outside sales gain (low base).
· Steinbach price YoY +16% rebounded strongly; Lake Country sales of 6 (YoY -67%) was the largest decline (small sample).
Most Active Neighbourhoods
06 / COMMUNITIESThe Read · Two Storylines
07 / TAKEAWAYSFact Sheet
08 / FACT SHEET| Reporting Period | January 2026 |
| Property Scope | All MLS® Areas |
| Total Sales | 620 (YoY -13%) |
| Total Dollar Volume | $238,066,143 (YoY -7%) |
| Detached Avg Price | $431,079 (YoY +4%) |
| Condo Avg Price | $275,515 (YoY +10%) |
| Attached Avg Price | $380,888 (YoY +7%) |
| Only Positive Sales YoY | Attached (+27%) |
Price resilience in a soft open —
all three property types posted positive price YoY.
Detached $431,079 (+4%) · Condo $275,515 (+10%) · Attached $380,888 (+7%)
Total sales -13% · Dollar volume $238.1M
Pattern: volume down, prices up — Condo led the gains, Attached bucked the trend.