One of the slowest Aprils in 20+ years—but opportunity is blooming
As the cherry blossoms fall across Victoria, the real estate market is sending a clear message: we're in a season of transition. While some headlines highlight cooling sales, savvy buyers and sellers are spotting new openings in a more balanced, more strategic market.
April 2025 saw just 613 homes sold across Greater Victoria. That’s 23% below the 10-year average for April, marking one of the slowest Aprils in over two decades.
Ongoing tariff-related economic uncertainty and buyer hesitancy around interest rates continue to shape activity levels.
There’s a silver lining for buyers: more choices.
With 2,737 active listings on the market, inventory is at its highest since September 2015.
The Months of Inventory (MOI) now sits at 4.5, indicating a more balanced market—especially for townhomes and condos.
Want more stats on condos, visit our condo statistic dashboard!
Despite the shift in activity, prices have held their ground with subtle changes.
Buyers:
With more inventory and less competition, now may be the time to explore your options—especially if you were priced out before.
Sellers:
You’ll need to position your home carefully. Strategic pricing, compelling marketing, and thoughtful presentation matter more than ever.
Whether you’re thinking about moving up, downsizing, or getting your foot in the market, now’s the time for smart decisions—not guesswork.
đź“© Reach out for a personalized strategy session.
Let’s talk about your goals and how we can turn this market into your opportunity.
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Dustin Miller is the managing broker of 8X Real Estate. When he's not on the road, he is on his computer looking at real estate. You can often find Dustin at his office enjoying a bowl of won-ton soup.
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