March 2026 Market Report
Detached & Condo Set Record March Averages
All MLS® Areas · with Q1 Quarterly Summary · March 2026
Marker · Record March Averages
01 / MILESTONEThe key event: both Detached and Condo monthly averages set new record March highs. After soft January-February sales, March rebounded to the 3rd-highest March total in the past five years. $474,567 is also the highest single-month Detached avg in 2026 so far.
March Headline · All Property Types
02 / OVERVIEWMarch sales of 1,135 were down 4% YoY — the 3rd-highest March in five years. Attached was the only type with positive sales YoY for the 3rd consecutive month (Jan-Mar).
| Metric | Mar 2026 | vs 2025 | vs 5-Yr Avg |
|---|---|---|---|
| Sales | 1,135 | -4% | -3% |
| Active Listings | 2,802 | -10% | -4% |
| Dollar Volume | $472,489,418 | -1% | +4% |
| Type | Sales | vs25 | Listings | vs25 | Avg Price | vs25 |
|---|---|---|---|---|---|---|
| Detached | 722 | -7% | 1,120 | -15% | $474,567 | +1% |
| Condominium | 190 | -5% | 391 | +10% | $292,696 | +6% |
| Attached | 109 | +21% | 253 | +10% | $393,348 | +5% |
Q1 2026 First-Quarter Summary
03 / Q1 SUMMARYQ1 2026 Detached and Condo averages both set Q1 all-time highs, even as quarterly sales fell broadly by about 9-14% YoY.
| Type / Metric | Q1 Sales | YoY | Q1 Avg | YoY |
|---|---|---|---|---|
| All Property sales | 2,540 | -9% | — | — |
| Residential-Detached | 1,578 | -11% | $458,771 | +2% |
| Condominium | 400 | -14% | $286,204 | +6% |
Detached · Winnipeg vs Outside
04 / REGIONALWinnipeg Detached sales-to-listings rose to 91.9% (up 7.4 points from March 2025's 84.5%), with listings falling much faster than sales. Both areas saw avg +1% YoY.
| Dimension | Winnipeg | Outside Winnipeg |
|---|---|---|
| Sales | 486 | 236 |
| Sales YoY | -3% | -13% |
| Active Listings | 529 | 591 |
| Avg Price | $481,009 | $461,299 |
| Price YoY | +1% | +1% |
| Sales-to-Listings | 91.9% | 39.9% |
Price Range Distribution
05 / PRICE BANDSDetached's top two ranges were nearly even (22% vs 21%), the opposite of February — $300–399k retook the top.
Residential-Detached
Condominium
YTD March (Q1) · Regional Detached
06 / AREAS| Region | Q1 Avg | YoY | Q1 Sales | YoY |
|---|---|---|---|---|
| All MLS Areas | $458,771 | +2% | 1,578 | -11% |
| Winnipeg | $468,842 | +3% | 1,063 | -6% |
| Total Outside Winnipeg | $437,984 | -2% | 515 | -19% |
| Steinbach (R16) | $428,311 | +9% | 105 | -5% |
| Morden/Winkler (R35) | $356,670 | +10% | 76 | +25% |
| Morris (R17) | $328,638 | +16% | 32 | +23% |
| Niverville/Ritchot (R07) | $506,427 | -3% | 29 | -36% |
| West St. Paul (R15) | $689,600 | +8% | 27 | -29% |
| Lake Country | $289,212 | -7% | 50 | -26% |
· Only Morden/Winkler (+25%) and Morris (+23%) posted Q1 sales growth; other outside regions broadly declined.
· West St. Paul Q1 avg $689,600 was the highest outside figure; Morris avg YoY +16% was the largest gain this month.
Most Active Neighbourhoods
07 / COMMUNITIESThe Read · Two Storylines
08 / TAKEAWAYSFact Sheet
09 / FACT SHEET| Reporting Period | March 2026 (with Q1 summary) |
| Property Scope | All MLS® Areas |
| Total Sales | 1,135 (YoY -4%) |
| Total Dollar Volume | $472,489,418 (YoY -1%) |
| Detached Avg Price | $474,567 · record March |
| Condo Avg Price | $292,696 · record March |
| Q1 Detached Avg | $458,771 · Q1 record |
| Q1 Condo Avg | $286,204 · Q1 record |
Averages set records, sales rebound in-quarter —
March Detached & Condo both set record March highs.
Detached $474,567 · Condo $292,696 (both record March)
Q1 averages set new highs · Total sales -4% · Q1 -9% · Dollar volume $472.5M
Pattern: prices keep setting records; quarterly volume down but March clearly rebounded.