May 2026 Market Report
Highest May Detached Average on Record $477,313
All MLS® Areas · Detached / Condo / Attached · May 2026
Marker · Recovery Signals Converge
01 / MILESTONEKey event: the Detached average of $477,313 set the highest May on record, while the Condo average fell just short of the 2025 record. More notably, May brought several "firsts" for 2026 — All MLS® sales rose above the 5-year average, active listings exceeded both last year and the 5-year average, and Condo sales topped the prior year, each for the first time this year.
May Headline · All Property Types
02 / OVERVIEWMay sales of 1,707 were down 4% YoY but 1% above the 5-year average; dollar volume $729.3M, down 1% YoY and up 8% on the 5-year average. Active listings of 3,739 were up 2% on both last year and the 5-year average.
| Metric | May 2026 | vs 2025 | vs 5-Yr Avg |
|---|---|---|---|
| Sales | 1,707 | -4% | +1% |
| Active Listings | 3,739 | +2% | +2% |
| Dollar Volume | $729,269,046 | -1% | +8% |
| Type | Sales | vs25 | Listings | vs25 | Avg Price | vs25 |
|---|---|---|---|---|---|---|
| Detached | 1,200 | -4% | 1,729 | 0% | $477,313 | +4% |
| Condominium | 247 | +6% | 481 | +7% | $294,703 | -1% |
| Attached | 136 | -10% | 284 | +16% | $391,657 | +3% |
YTD 2026 · Through May
03 / YTDYear-to-date sales of 5,594 were down 8% YoY and 2% below the 5-year average; dollar volume over $2.3B was down 4% YoY but up 6% on the 5-year average. Prices kept rising while volume trailed last year.
| Type / Metric | YTD Sales | YoY | YTD Avg | YoY |
|---|---|---|---|---|
| All Property sales | 5,594 | -8% | — | — |
| Residential-Detached | 3,685 | -9% | $474,837 | +4% |
| Condominium | 839 | -7% | $289,964 | +4% |
Detached · Winnipeg vs Outside
04 / REGIONALThe Winnipeg Detached average of $495,864 set a record-high May for Winnipeg; Winnipeg listings rose 8% YoY, continuing the supply rebound. Outside sales YoY -9% lagged Winnipeg's -2%.
| Dimension | Winnipeg | Outside Winnipeg |
|---|---|---|
| Sales | 780 | 420 |
| Sales YoY | -2% | -9% |
| Active Listings | 840 | 889 |
| Listings YoY | +8% | -6% |
| Avg Price | $495,864 | $442,860 |
| Price YoY | +4% | +3% |
| Sales-to-Listings | 92.9% | 47.2% |
Price Range Distribution
05 / PRICE BANDSDetached's top range returned to $400–499k (after several months of $300–399k leading).
Residential-Detached
Condominium
YTD May · Regional Detached
06 / AREAS| Region | YTD Avg | YoY | YTD Sales | YoY |
|---|---|---|---|---|
| All MLS Areas | $474,837 | +4% | 3,685 | -9% |
| Winnipeg | $489,833 | +5% | 2,446 | -6% |
| Total Outside Winnipeg | $445,233 | +2% | 1,239 | -14% |
| Lake Country | $318,465 | +3% | 174 | -15% |
| Steinbach (R16) | $428,530 | +6% | 209 | -11% |
| Morden/Winkler (R35) | $369,350 | +7% | 144 | -1% |
| Niverville/Ritchot (R07) | $534,945 | +5% | 77 | -23% |
| Morris (R17) | $315,329 | +17% | 68 | +3% |
| West St. Paul (R15) | $674,159 | +4% | 62 | -13% |
· Morris avg YoY +17% was the largest outside gain; Niverville/Ritchot sales YoY -23% was the largest outside decline.
Most Active Neighbourhoods
07 / COMMUNITIESThe Read · Two Storylines
08 / TAKEAWAYSFact Sheet
09 / FACT SHEET| Reporting Period | May 2026 |
| Property Scope | All MLS® Areas |
| Total Sales | 1,707 (YoY -4%, above 5-yr avg) |
| Total Dollar Volume | $729,269,046 (YoY -1%) |
| Detached Avg Price | $477,313 · highest May on record |
| Winnipeg Detached Avg | $495,864 · record-high May for Winnipeg |
| Condo Avg Price | $294,703 (just -1% vs 2025 record) |
| $1M+ Detached | 24 (May 2025: 23) |
| YTD All-Property Sales | 5,594 (YoY -8%) |
Average sets a record May, recovery signals converge —
2026's first month with sales above the 5-year average.
Detached $477,313 (highest May on record) · Condo $294,703 (just shy of the 2025 record)
Three "2026 firsts": sales above 5-yr avg · listings above last year · Condo sales above last year
Pattern: prices keep setting records and volume shows early signs of recovery, though YoY and YTD remain soft.