Victoria Market Snapshot
Buyers Have Room to Breathe This July
Sales held nearly steady year-over-year while rising inventory gave buyers more room to shop and compare.
The Numbers
0
Homes sold, July 2026
▾ 1.0% vs July 20250
Active listings, end of July
▴ 3.9% vs July 20250
Single-family benchmark, Victoria Core
▾ 2.8% vs July 20250
Condo benchmark, Victoria Core
▾ 2.2% vs July 2025Months of Supply
0.0 months
Derived: 3,847 active listings ÷ 673 homes sold in July
Seller's
Balanced
Buyer's
Months of supply is how long it would take to sell everything on the market at July's pace, if nothing new got listed. Under about 3 months usually favours sellers; over about 6 usually favours buyers. At 5.7, Victoria sits solidly in balanced territory, on the choosier side — which lines up with the board's own read that inventory has given buyers more time and more options this month.
Band boundaries are an interpretive guide for this page, not a figure published by the board.
What This Means
If you're buying
- 3,847 active listings gives you real choice — there's less pressure to rush a decision.
- Single-family benchmark prices are down 2.8% year-over-year, which may mean some room to negotiate.
- Single-family sales are up 4.1% from last July, so well-priced homes in that category are still moving.
If you're selling
- With 5.7 months of supply, your home is one of many — presentation and pricing carry more weight than they did a year ago.
- Condo sales fell 7.1% year-over-year, so condo sellers especially may need to price sharply to stand out.
- Total sales are down only 1% from last July — serious buyers are still active, they're just comparing more before they commit.
My Read On This Month
"July was a steady month in Victoria — sales came in close to last year's pace, and single-family homes actually saw more activity. What's changed is the pace buyers are moving at: with more listings to choose from, people are taking their time, and well-priced, well-presented homes are still the ones that sell. If you're thinking about listing, presentation and pricing matter more than ever in a market with this much choice."
Oakwyn Realty
Let's Talk About Your MoveOakwyn Realty
612 Yates St
Victoria, BC, V8W 1K9