Winnipeg Weekly Real Estate Market Report · May 18–24, 2026
Winnipeg · Weekly Market Report

Market Cools Sharply
Buyers Reclaim Negotiating Room

Detached & Condo Transactions · May 18 – May 24, 2026

Overall Tone ⚖️ Approaching Balance
Tracked Sales
75vs 157 last wk
Above Asking
~52%was 73%
Median DOM
9 daysStill quick
Avg Premium
+4.8%was +8%
Median Premium
~0%Turning point
Median $/sqft
~$344−11% wk/wk

Market Temperature Snapshot

00 / OVERVIEW
52%
Above Asking
Cooling Fast

What changed this week

↓
Clear cooling from a seller-led market Last week was firmly seller-led (73% over asking, +8% premium); this week approaches buyer–seller balance
≈
Median premium fell to essentially zero Only 52% closed above asking — the most significant tonal shift in three weeks
◧
Segmentation has intensified $400K–$600K mid-range detached stays hot; new builds, condos and 15+ day listings all cooled

Overall Market Overview

01 / MARKET
Total Sales
75
Nearly halved from 157 last week
Avg Sold Price
~$453K
Median ~$408K
Property Mix
92% / 8%
Detached 69 · Condo 6
Above Asking
~52%
At asking ~5%
Below Asking
~43%
Up sharply from ~17%
Build Year Range
1905–2027
One pre-construction unit
Three-week comparison: Above-asking share fell from ~65–73% down to 52%; below-asking share rose from ~17% to 43%. This is the most significant tonal shift in the market over the past three weeks.

Days on Market · The 14-Day Tipping Point ⚠️

02 / DOM

The tipping-point effect remains clear, though this week's "safe zone" has shifted slightly earlier. Each bar below shows the share of listings selling above asking by time on market.

0–7 days
~75% above asking
+6.4%
8–14 days
~64% above asking
+8.2%
15–30 days
~20%
−1.3%
30+ days
−2.7%
For sellers: Within 14 days remains the safe zone for seller leverage (75% → 64% above asking, 6–8% premiums). Beyond 14 days the turn is fast — the 15–30 day band already runs negative, and beyond 30 days not a single listing sold above asking. Have a backup plan by day 10; past 14 days, consider repricing or restaging; past 30 days, expect 3–10% concessions.

Sold Price vs Listing Price

03 / PRICING

The share of below-asking sales rose notably this week, expanding buyer negotiating room: ~52% above (was ~73%), ~5% at asking, ~43% below (was ~17%).

Top 5 by Premium %

AddressPremium %Premium $
63 Berrydale Avenue+27.4%+$82,100
143 Stradford Street+26.4%+$95,100
149 La Verendrye Street+25.5%+$102,100
622 Warsaw Avenue+25.0%+$106,100
9 Radburn Place+22.7%+$120,100

Top 5 by Premium $ Amount

AddressPremium $Premium %
9 Radburn Place+$120,100+22.7%
622 Warsaw Avenue+$106,100+25.0%
149 La Verendrye Street+$102,100+25.5%
209 Athlone Drive+$100,100+17.6%
1730 Chancellor Drive+$98,000+22.5%
The top of the premium leaderboard is entirely $300K–$600K post-war detached homes (1940s–1970s), consistent with the findings in the price-band and build-era sections.

Biggest Discounts 🔻

AddressDiscount %Discount $DOM
17 Elm Park Road−11.6%−$34,90018 days
557 Doucet Street−8.9%−$17,40023 days
991 Lorette Avenue−8.9%−$19,90012 days
#214 77 Edmonton Street (condo)−8.3%−$9,90010 days
127 Egesz Street−7.8%−$24,90023 days
112 Creekside Road−7.3%−$129,00017 days
215 Carriage Road−7.6%−$29,90035 days

Pattern: The deepest percentage discounts remain concentrated in low-end older homes and long-sitting listings. The largest dollar concession (112 Creekside Road, −$129K) came from the $1.78M luxury segment — a single large markdown materially impacts that segment's averages.

Price Band Heat Map

04 / PRICE BANDS

The hot–cold divergence across price bands reached its sharpest level of the year so far this week.

Price BandSalesShare% AboveAvg PremiumAvg DOM
< $300K19~25%~26%~−1.5%~16 d
$300K – $400K18~24%~56%~+4.8%~13 d
$400K – $600K ⭐22~29%~73%~+10.2%~9 d
$600K – $1M14~19%~57%~+6.2%~15 d
> $1M2~3%0%~−4.3%~33 d
This week's seller sweet spot: $400K – $600K. The only band holding last week's tone — 73% above asking, +10.2% premium, just 9 days DOM. The $600K–$1M band cooled noticeably (from +10.2% to +6.2%, DOM 9 → 15 days), suggesting upper-end weakness is bleeding into a previously strong segment. The sub-$300K band keeps struggling (−1.5%, 16 days), and the $1M+ band saw only 2 sales, both below asking.

Performance by Build Era

05 / BUILD ERA

The most notable structural signal this week: a flip between new builds and older homes.

Build EraSalesAvg PremiumMedian $/sqft% Above
Pre-195022~+4.7%~$277~50%
1950 – 1980 ⭐25~+7.5%~$372~60%
1980 – 201014~+4.7%~$346~71%
2010 – present ⚠️14~+0.2%~$360~21%
Post-2010 new builds saw essentially "zero premium": of 14 sales, only 3 closed above asking (21%), averaging +0.18%. Several 2024–2025 new builds (840 Carter Avenue, 123 Yellow Moon Crescent, 3 Broda Drive) sold below asking, with DOM of 17–56 days. Negotiating room on new builds continues to open up. Meanwhile post-war homes (1950s–70s) remain the hottest segment for three consecutive weeks at +7.5%.

Possible drivers: (a) new builds priced close to replacement cost, leaving little upward elasticity; (b) post-war homes offer reasonable square footage, established locations, and a lower entry price; (c) some pre-construction/spec-build buyers may be facing closing pressure.

Price Per Square Foot Reference

06 / $/SQFT
CategoryMedian $/sqft
All listings~$344
Pre-1950 older homes~$277
1950–1980 listings~$372
1980–2010 listings~$346
Post-2010 new builds~$360
25th percentile (all)~$298
75th percentile (all)~$402
This week's overall median $/sqft (~$344) is down about 11% from last week's ~$388. Some reflects a sales mix tilted toward lower price bands, but it also reflects broader pricing pressure.

Detached vs Condominium

07 / TYPE

Condo weakness persists and is deepening.

TypeSalesAvg PriceAvg PremiumAvg DOM% Above
Detached69~$467K~+5.3%~13 d~55%
Condominium6~$293K~−1.3%~16 d~17%
Of 6 condo sales, only one (#4 2075 Henderson Highway, +7.2%) closed above asking; four sold below, one at asking. Condo sellers should continue defensive pricing — multiple-offer bidding is not a reasonable baseline. Weakness among new/pre-construction condos (#451 1505 Molson Street, #500 635 Ballantrae Drive) is particularly worth noting.

Key Takeaways · Actionable

08 / TAKEAWAYS
⚖️ Market tone has shifted
First time in three weeks the median premium dropped to 0% and below-asking share climbed to 43%. The seller's market is giving back leverage.
🎯 $400K–$600K is the only complete hot zone
73% bidding, +10% premium, 9-day DOM. All other price bands cooled to varying degrees.
⏱️ The 14-day tipping point holds
Third consecutive week. Beyond 14 days leverage shifts to buyers; beyond 30 days it shifts completely.
🏠 Post-war homes (1950s–70s) strongest
Top-ranked premium for three weeks running, averaging +7.5%.
🏗️ New builds (2010+) ≈ zero premium
Only 21% sold above asking. New-build sellers should set aside premium expectations.
🏢 Condos continue to weaken
Only 17% above asking, averaging below list price.
💰 $1M+ luxury needs realistic pricing
Only 2 sales, both below asking, including a $129K concession at 112 Creekside Road.
📉 Median $/sqft down ~11%
~$344 vs ~$388 last week — mix shift plus broader pricing pressure.
Weekly Summary

The market is no longer uniformly hot —
segmentation is now clear.

Winnipeg saw its most pronounced cooling in three weeks — sales volume nearly halved (75 vs 157), the median premium fell to zero, and the below-asking share nearly tripled.

The $400K–$600K post-war detached segment is the only remaining stronghold; new builds, condos, luxury homes, sub-$300K listings, and any listing over 15 days have all entered buyer negotiating territory. The 14-day tipping point matters more than ever — beyond it, leverage flips completely.

※ Methodology & Disclaimer: Sample of 75 transactions (69 detached, 6 condos), May 18–24, 2026, manually compiled from MLS data with no missing fields. Most figures are rounded — treat as approximate. Lower volume this week means small sub-segments (>$1M, condos) should be confirmed against subsequent weeks. This report is for market reference only and does not constitute real estate or investment advice.
Report prepared May 24, 2026.  |  Source: Manually compiled MLS transaction data  |  Date range: May 18 – May 24, 2026  |  Sample size: 75 transactions  |  Not real estate or investment advice.