Victoria Market Snapshot
Victoria's Busiest August in Five Years
Sales jumped across houses, condos and townhomes, even as inventory eased slightly and buyers kept taking their time.
The Numbers
0
Homes sold, August 2026
▴ 12.6% vs August 20250
Active listings, end of August
▴ 1.7% vs August 20250
Single-family benchmark, Victoria Core
▾ 0.6% vs August 20250
Condo benchmark, Victoria Core
▴ 0.9% vs August 2025Months of Supply
0.0 months
Derived: 3,662 active listings ÷ 591 homes sold in August
Seller's
Balanced
Buyer's
Months of supply is how long it would take to sell everything on the market at August's pace, if nothing new got listed. At 6.2, Victoria remains in balanced territory this month — the board itself describes current conditions as a stable, balanced market, even with the strongest August sales activity in five years.
Band boundaries are an interpretive guide for this page, not a figure published by the board.
Three-Month Price Trend
Single-family benchmark, Victoria Core
| Month | Benchmark |
|---|---|
| June 2026 | $1,326,500 |
| July 2026 | $1,311,000 |
| August 2026 | $1,301,800 |
Condo benchmark, Victoria Core
| Month | Benchmark |
|---|---|
| June 2026 | $549,200 |
| July 2026 | $548,600 |
| August 2026 | $553,600 |
Sales By Area — August 2026
| District | Homes Sold |
|---|---|
| Saanich East | 107 |
| Victoria / Victoria West | 99 |
| Langford | 87 |
| Oak Bay | 31 |
| Sooke | 30 |
| Saanich West | 29 |
| Sidney | 24 |
| Gulf Islands | 24 |
| Colwood | 21 |
| Central Saanich | 20 |
| North Saanich | 19 |
| View Royal | 17 |
| Malahat & Area | 16 |
| Esquimalt | 15 |
| Metchosin | 5 |
| Highlands | 3 |
Combined single-family, condo and townhome sales by district. Excludes manufactured homes and land, which the board reports separately.
What This Means
If you're buying
- Yes, sales were up sharply — but there are still 3,662 active listings, so you're not the only option on the table either.
- Single-family benchmark prices are down slightly (0.6%) from last August — modest, but real.
- Condo prices ticked up 0.9% year-over-year, so waiting on a condo purchase doesn't guarantee a better price.
If you're selling
- August's sales jump is genuinely good news — this was the strongest August in five years.
- Saanich East, Victoria/Victoria West and Langford led the month by volume — worth knowing if your home is nearby.
- With 6.2 months of supply, buyers still have options — pricing and presentation still decide who gets an offer.
My Read On This Month
"August was a busy month here in Victoria — the busiest in five years, in fact, with 591 homes changing hands. But more sales doesn't mean more pressure. Inventory eased slightly and buyers are still taking their time to find the right fit. Whether you're buying or selling, I'm here to walk you through exactly what these numbers mean for your specific situation — no guesswork, just a clear plan."
Oakwyn Realty
Let's Talk About Your MoveOakwyn Realty
612 Yates St
Victoria, BC, V8W 1K9