Victoria Real Estate

Victoria real estate market kicks off summer with strong fundamentals

July 2, 2025

A total of 761 properties sold in the Victoria Real Estate Board region this June, 15.1 per cent more than the 661 properties sold in June 2024 and 0.4 per cent more than in May 2025. Sales of condominiums increased by 23.3 per cent from June 2024 with 249 units sold. Sales of single family homes increased by 17.5 per cent from June 2024 with 402 sold.

"We observed a fairly robust real estate market in the month of June," said 2025 Victoria Real Estate Board Chair Dirk VanderWal. "Recent market trends suggest that we have finally transitioned from a pandemic-driven market to more conventional patterns. We have experienced consecutive months of a healthy and balanced market that includes listing inventory levels we have not seen in a decade paired with steady sales. Despite economic uncertainties weighing on consumer confidence, Victoria continues to demonstrate resilient market conditions."

There were 3,778 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2025, an increase of 1.7 per cent compared to the previous month of May and an 9.2 per cent increase from the 3,460 active listings for sale at the end of June 2024.

"Noteworthy this past month is a large uptick in the number of condos sold," adds Chair VanderWal. "Earlier in the spring, fewer condos were sold compared to the previous year. It seems that condo buyers were back in the market and very active in June. It will be interesting to see if this continues through the summer and becomes a trend. Regardless of the type of property, it's a great time to connect with your favourite local REALTOR® for expert assistance and up-to-the-minute insights on the market if you are considering a sale or purchase this summer."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in June 2024 was $1,295,500. The benchmark value for the same home in June 2025 increased by 2.3 per cent to $1,325,400, down from May's value of $1,326,600. The MLS® HPI benchmark value for a condominium in the Victoria Core area in June 2024 was $567,900 while the benchmark value for the same condominium in June 2025 decreased by 0.9 per cent to $562,800, down from the May value of $564,100.