Victoria Real Estate Market Report for July 2026

 

August 4, 2026. A total of 673 properties were sold in the Victoria Real Estate Board region this July, 1 per cent fewer than the 680 properties sold in July 2025 and 6.4 per cent fewer than sold in June 2026. Sales of condominiums decreased by 7.1 per cent from July 2025, with 209 units sold. Sales of single family homes increased by 4.1 per cent from July 2025, with 331 sold.

 

“It was a solid month for sales,” said Victoria Real Estate Board Chair Fergus Kyne. “We ended the month above the five-year average for number of sales in a July. What’s different about this market is the availability of inventory, and how the generous number of homes for sale impact both the seller and buyer experience. Buyers are taking more time to make decisions because of all the options available. Some buyers may even feel overwhelmed as they navigate a market with so much choice. If you’re shopping for homes right now, your REALTOR® can help explore the properties that have the best current and future potential, identify where smart compromises may be made, and focus on what features matter the most.”

 

There were 3,847 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2026, a decrease of 5.1 per cent compared to the previous month of June and a 3.9 per cent increase from the 3,703 active listings for sale at the end of July 2025.

 

“On the other hand, if you’re a seller wondering where your buyer is, your REALTOR® can help determine the best approach in your specific situation,” notes Chair Kyne. “Your REALTOR® will have up to date market data and local insights to help you navigate your next steps. Sometimes simple things, like ensuring all maintenance is up to date, and that your home is presented beautifully, can be the difference in competitive markets. Whether you’re buying or selling, your REALTOR® works for you and can provide you with updates, options, and suggestions to navigate current market conditions.”

 

Benchmark Pricing

The Multiple Listing Service® Home Price Index benchmark value for a single-family home in the Victoria Core in July 2025 was $1,348,400. The benchmark value for the same home in July 2026 decreased by 2.8 per cent to $1,311,000, down from June’s value of $1,326,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2025 was $561,200, while the benchmark value for the same condominium in July 2026 decreased by 2.2 per cent to $548,600, down from the June value of $549,200.