Manitoba Real Estate Association

The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 1,617 units in July 2026. This was a decline of 7.2% from July 2025.

Home sales were 1.2% below the five-year average and 2.8% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 9,400 units over the first seven months of the year. This was down by 6.3% from the same period in 2025.

“Sales activity declined from last year’s strong July showing but was still within three percent of the fourth best July on record from 2022. New listings were also down marginally year over year,” said Akash Bedi, President of the Manitoba Real Estate Association. “The bigger picture across our province is that demand remains at strong levels, overall inventories are still trending below average, and market conditions are generally tilted in favour of sellers. MLS® benchmark price gains at the provincial level are more modest compared to last year but nevertheless positive.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $392,900 in July 2026, a modest gain of 3.2% compared to July 2025.

The benchmark price for single-family homes was $413,500, up modestly by 2.9% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $347,300, a minor increase of 3.2% compared to a year earlier, while the benchmark apartment price was $238,000, a small gain of 3.1% from year-ago levels.

The average price of homes sold in July 2026 was $399,003, a minor increase of 2.2% from July 2025.

The more comprehensive year-to-date average price was $409,951, a small gain of 3% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $645.2 million, falling by 5.1% from the same month in 2025.

The number of new listings saw a modest decline of 2.2% from July 2025. There were 2,222 new residential listings in July 2026. This was the lowest number of new listings added in the month of July in a decade.

New listings were 5.1% below the five-year average and 8% below the 10-year average for the month of July.

Active residential listings numbered 3,577 units on the market at the end of July, up by 8.7% from the end of July 2025.

Active listings were 5.1% below the five-year average and 18.5% below the 10-year average for the month of July.

Months of inventory numbered 2.2 at the end of July 2026, up from the 1.9 months recorded at the end of July 2025 and below the long-run average of 2.7 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.