Manitoba Real Estate Association

The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 605 units in January 2026. This was a substantial decline of 19.1% from January 2025.

Home sales were 11.4% below the five-year average and 14.3% below the 10-year average for the month of January.

“Sales activity was easing in the second half of 2025 but still trending at fairly strong levels. The beginning of 2026 saw a continuation in that trend, although demand is still holding up fairly well,” said Catherine Schellenberg, President of the Manitoba Real Estate Association. “Inventories in the province are also running at below-average levels, so the overall market balance is still tilted in favour of sellers at the moment. With provincial housing markets posting healthy price gains, these trends look set to continue for the near term.”

The average price of homes sold in January 2026 was $373,802, up by 6.5% from January 2025.

The dollar value of all home sales in January 2026 was $226.1 million, a big reduction of 13.9% from the same month in 2025.

The number of new listings saw a substantial decline of 14% from January 2025. There were 1,176 new residential listings in January 2026.

New listings were 10.3% below the five-year average and 20.9% below the 10-year average for the month of January.

Active residential listings numbered 2,107 units on the market at the end of January, a decline of 8.2% from the end of January 2025.

Active listings were 10.7% below the five-year average and 27% below the 10-year average for the month of January.

Months of inventory numbered 3.5 at the end of January 2026, up from the 3.1 months recorded at the end of January 2025 and below the long-run average of 4.2 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.