Greater Victoria’s real estate market remained relatively steady in July, with sales nearly matching last year’s levels, more homes available to buyers and benchmark prices edging lower in several categories.
According to the latest Victoria Real Estate Board (VREB) stats, a total of 673 properties were sold across the region during the month.
Here are seven things to know about the latest numbers:
Overall sales were nearly unchanged from last year
There were 673 properties sold across the region in July, down just 1% from the 680 sales recorded in July 2025.
Activity slowed more noticeably compared with June, when 719 properties changed hands. That represents a month-over-month decline of 6.4%.
Despite the drop, VREB said sales remained above the five-year average for the month of July.
Buyers have more homes to choose from
There were 3,847 active listings on the market at the end of July.
That was 3.9% higher than the 3,703 listings available at the same time last year, although inventory declined by 5.1% from June.
VREB Chair Fergus Kyne said the increased selection is allowing buyers to take more time before making a decision.
“Some buyers may even feel overwhelmed as they navigate a market with so much choice,” Kyne said.
Single-family home sales increased from last year
A total of 331 single-family homes were sold during July, an increase of 4.1% from July 2025.
However, sales were down 14.7% compared with June, when 388 single-family homes were sold.
Single-family homes accounted for nearly half of all property sales recorded during the month.
Condo sales jumped from June
There were 209 condominium sales in July, up 14.8% from the 182 units sold in June.
Despite that monthly increase, condo sales remained 7.1% below July 2025, when 225 units changed hands.
Townhouse sales saw the largest annual decline
Townhouse sale activity slowed in both monthly and annual comparisons.
A total of 82 townhouses were sold in July, down 12.8% from June and 15.5% from July 2025.
Despite fewer sales, the Greater Victoria benchmark price for a townhouse rose to $795,500. That was up 1.7% from June and 0.8% from last year.
Benchmark prices dipped for houses and condos
The benchmark price for a single-family home across Greater Victoria was $1,170,200 in July, down 1.6% from last year.
The benchmark condo price was $544,400, a decrease of 2.1% year over year.
In the Victoria core, the benchmark price for a single-family home fell 2.8% to $1,311,000. The benchmark condo price declined 2.2% to $548,600.
Victoria core townhouses moved in the opposite direction, with the benchmark price increasing 1.9% to $857,300.
The market remains balanced
VREB’s sales-to-active-listings ratio remained within the range considered a balanced market in July.
The board considers a ratio between 17% and 28% balanced, meaning there is generally little sustained pressure pushing prices strongly in either direction.
Overall, July’s numbers point to a market with steady sales, plenty of selection and buyers who are not being forced to rush into decisions.
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