Manitoba Real Estate Association

The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 1,247 units in September 2026. This was a substantial decline of 10% from September 2025.

Home sales were 2% above the five-year average and 2.7% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 11,394 units over the first nine months of the year. This was a decline of 6.3% from the same period in 2025.

“Sales activity and new listings were trending at typical levels for September. We’ve had very strong activity over the past several years, so even though sales were considered average in September this is still one of the best levels on record for this month,” said Akash Bedi, President of the Manitoba Real Estate Association. “Announced in September, all three levels of government are contributing funding to help build more than 800 new housing units in Manitoba. The majority of these units will go towards affordable housing, ensuring that families across various income segments will have an opportunity to become homeowners.”

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 $388,200 in September 2026, increasing by 3.4% compared to September 2025.

The benchmark price for single-family homes was $408,900, a modest gain of 3.3% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $335,000, up modestly by 1.5% compared to a year earlier, while the benchmark apartment price was $236,200, a minor increase of 2.4% from year-ago levels.

The average price of homes sold in September 2026 was $415,308, up by 4.5% from September 2025.

The more comprehensive year-to-date average price was $420,104, a minor increase of 2.9% from the first nine months of 2025.

The dollar value of all home sales in September 2026 was $517.9 million, a moderate decrease of 6% from the same month in 2025.

The number of new listings edged down 0.4% (eight listings) from September 2025. There were 2,066 new residential listings in September 2026.

New listings were 4.7% above the five-year average and 1.9% above the 10-year average for the month of September.

Active residential listings numbered 3,298 units on the market at the end of September, a gain of 19.1% from the end of September 2025.

Active listings were 3.4% above the five-year average and 8.3% below the 10-year average for the month of September.

Months of inventory numbered 2.6 at the end of September 2026, up from the 2 months recorded at the end of September 2025 and below the long-run average of 2.9 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.