Greater Victoria’s real estate market continued to show signs of stability in April as inventory levels climbed and home prices remained relatively steady year over year.
According to the latest report from the Victoria Real Estate Board (VREB), 643 properties sold across the region in April, virtually unchanged from the 642 sales recorded during the same month last year. Sales were up 11.1% compared to March.
One of the biggest shifts in the market was the jump in available inventory, according to the real estate board.
Active listings rose to 3,710 at the end of April, marking a 13.8% increase from March and an 8.3% increase compared to April 2025.
VREB Chair Fergus Kyne described the current conditions as a “Goldilocks” market, suggesting the region is seeing a healthy balance between buyers and sellers.
The market’s sales-to-active listings ratio sat at roughly 16.7% in April, right on the edge of what the BC Real Estate Association considers a balanced market. VREB notes that a ratio between 17% and 28% typically signals balanced conditions with little pressure on prices either way.
Benchmark home prices dipped slightly compared to last year but saw modest monthly gains.
The benchmark price for a single-family home in Victoria’s core area was $1,339,100 in April, down 1.2% from April 2025 but up from March’s benchmark value of $1,330,200. Condominium benchmark prices followed a similar trend, sitting at $558,300, down 0.8% year over year but slightly higher than March.
While single-family home sales dipped 1.2% year over year, condominium sales rose by nearly 6%, signalling continued demand for more affordable housing options in the region.
The report also showed strong activity heading into the spring market, with total residential sales increasing 12.7% month over month.
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