Manitoba Real Estate Association

The number of homes sold through MLS® Systems of real estate boards in Manitoba totaled 1,822 units in May 2026. This was a minor decrease of 3.6% from May 2025.

Home sales were 0.1% below the five-year average and 1% above the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 5,927 units over the first five months of the year. This was a moderate decrease of 8.2% from the same period in 2025.

“Sales activity in May was right in line with typical levels for this time of year based on recent history, with an unexpectedly strong jump in the monthly trend,” said Akash Bedi, President of the Manitoba Real Estate Association. “New listings are creeping up again as sellers are coming back in stronger numbers compared to the beginning of the year, which is bringing more supply onto our provincial housing markets. More welcome news for supply came from the federal government in May, which announced more than $47 million in funding to build 133 homes across the province.”

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 $396,900 in May 2026, a minor increase of 3.9% compared to May 2025.

The benchmark price for single-family homes was $419,300, a moderate gain of 4% on a year-over-year basis in May. By comparison, the benchmark price for townhouse/row units was $345,900, increasing by 2.5% compared to a year earlier, while the benchmark apartment price was $232,500, a modest gain of 1.4% from year-ago levels.

The average price of homes sold in May 2026 was $421,030, increasing by 2.6% from May 2025.

The more comprehensive year-to-date average price was $408,460, a modest gain of 3.3% from the first five months of 2025.

The dollar value of all home sales in May 2026 was $767.1 million, down modestly by 1.1% from the same month in 2025.

The number of new listings was essentially unchanged, down just 0.1% (four listings) from May 2025. There were 2,684 new residential listings in May 2026.

New listings were 0.9% below the five-year average and 4.7% below the 10-year average for the month of May.

Active residential listings numbered 3,409 units on the market at the end of May, a small gain of 3.4% from the end of May 2025.

Active listings were 1.9% below the five-year average and 19% below the 10-year average for the month of May.

Months of inventory numbered 1.9 at the end of May 2026, up from the 1.7 months recorded at the end of May 2025 and below the long-run average of 2.4 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.