As summer kicks off, Victoria’s real estate market continues to show strength… not in dramatic swings, but in steady, reassuring numbers.
The latest data from the Victoria Real Estate Board points to a market that’s found its footing after years of pandemic-fuelled ups and downs. Sales are trending up, inventory is at decade-high levels, and buyers are showing renewed interest, particularly in the condo segment.
Despite economic uncertainty and high interest rates still in the background, the region’s housing market remains resilient. Whether you’re buying or selling, it’s a landscape marked by balance and that’s not a bad place to be.
Here are seven key takeaways from June’s numbers:
1. Sales climbed for a second straight month
A total of 761 properties changed hands in the region last month — up 15.1% from June 2024 and slightly higher than May 2025. This marks the strongest sales activity since last spring.
2. Condo sales surged
Condo sales saw the biggest boost year-over-year, with 249 units sold, a 23.3% jump compared to June 2024. Board Chair Dirk VanderWal noted that while condo sales had lagged earlier this year, June saw buyers return in a big way.
3. Single family home sales also up
Sales of single family homes increased 17.5% compared to last June, with 402 homes sold. While month-over-month growth was modest, the year-over-year gain is a sign of renewed buyer confidence.
4. Prices remain stable
The benchmark price for a single family home in the Victoria Core was $1,325,400, up 2.3% from last year but nearly flat compared to May. Condo prices dipped slightly to $562,800, down 0.9% year-over-year.
5. Inventory hit a 10-year high
There were 3,778 active listings on the MLS® at the end of June, up 9.2% from a year ago and 1.7% from May. This level of inventory hasn’t been seen in Victoria in over a decade, helping ease pressure on buyers.
6. A more ‘normal’ market has returned
According to VanderWal, the market has moved past the pandemic-driven turbulence and into more traditional seasonal patterns. “We have experienced consecutive months of a healthy and balanced market,” he said.
7. It’s a balanced time to buy or sell
With rising inventory, steady demand, and moderate price changes, conditions are favourable for both buyers and sellers. VanderWal recommends connecting with a local realtor to get tailored advice based on your property type and neighbourhood.
