Victoria Market Snapshot
Victoria Enters a Buyer's Market
September's figures point to a buyer's market, with slower sales and increased inventory giving buyers more choice — townhomes most of all, with listings up nearly 40% from last year.
The Numbers
0
Homes sold, September 2026
▾ 16.4% vs September 20250
Active listings, end of September
▴ 3.2% vs September 20250
Single-family benchmark, Victoria Core
▾ 2.0% vs September 20250
Condo benchmark, Victoria Core
▴ 1.0% vs September 20250
Townhome benchmark, Victoria Core
September 20260
Townhomes sold, September 2026
▾ 26.4% vs September 2025Months of Supply
0.0 months
Derived: 3,811 active listings ÷ 463 homes sold in September
Seller's
Balanced
Buyer's
Months of supply is how long it would take to sell everything on the market at September's pace, if nothing new got listed. At 8.2, Victoria has moved firmly into buyer's-market territory — and the board agrees: Chair Fergus Kyne says this is the first true buyer's market here since January 2015, excluding the start of the pandemic.
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 |
|---|---|
| July 2026 | $1,311,000 |
| August 2026 | $1,301,800 |
| September 2026 | $1,280,100 |
Condo benchmark, Victoria Core
| Month | Benchmark |
|---|---|
| July 2026 | $548,600 |
| August 2026 | $553,600 |
| September 2026 | $547,800 |
Townhome benchmark pricing is new to this page as of September — the board hasn't cleanly published a prior-month Victoria Core townhome figure yet, so there's no trend line for it yet. It'll appear here once two or more months are confirmed.
Sales By Area — September 2026
| District | Homes Sold |
|---|---|
| Victoria / Victoria West | 81 |
| Saanich East | 69 |
| Langford | 68 |
| Saanich West | 29 |
| Gulf Islands | 26 |
| Esquimalt | 22 |
| Oak Bay | 22 |
| Central Saanich | 20 |
| Colwood | 19 |
| North Saanich | 17 |
| Sooke | 16 |
| Sidney | 16 |
| View Royal | 12 |
| Malahat & Area | 11 |
| Metchosin | 1 |
| Highlands | 0 |
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
- Victoria is officially in buyer's market territory for the first time since 2015 — you have real leverage right now.
- Townhome inventory jumped 39% from last year to 457 active listings, while sales fell 26.4% — this is the segment with the most room to negotiate.
- Single-family benchmark prices are down 2% year-over-year, the steepest decline of the three property types.
If you're selling
- At 8.2 months of supply, your home is competing with far more options than buyers have had in years — realistic pricing from day one matters more than ever.
- Townhome sellers in particular are in the toughest spot this month, with sales down 26.4% against a flood of new listings.
- Condo benchmark prices actually ticked up 1% year-over-year — if you're selling a condo, that's a genuinely useful talking point.
My Read On This Month
"September marked a real shift — Victoria has moved into buyer's market territory for the first time in over a decade. That doesn't mean prices are falling off a cliff, but it does mean buyers have leverage they haven't had in years, especially in townhomes, where listings jumped nearly 40% from last year. If you've been waiting for more breathing room to make a move, this is it. And if you're selling, especially a townhome, pricing realistically from day one matters more now than it has in a long time — I'm happy to talk through what that looks like for your specific property."
Oakwyn Realty
Let's Talk About Your MoveOakwyn Realty
612 Yates St
Victoria, BC, V8W 1K9