Is Greater Victoria a buyer's or seller's market?

As of the latest data, Greater Victoria is a balanced market. There are about 4.0 months of inventory — 4 to 7 months is considered balanced. Around 13.6% of homes sold above asking, and the typical sale closed at 98.0% of list price.

How much does a home cost in Greater Victoria?

The median sold price for a home in Greater Victoria is $900K, up 3.4% from a year ago. The average sold price is $1.04M. That works out to roughly $559 per square foot.

Are homes in Greater Victoria selling over asking?

13.6% of homes that sold in Greater Victoria closed above their list price. The typical home sold at 98.0% of asking — just under list. Among the homes that sold over asking, the median premium was +$21k over asking.

How long do homes take to sell in Greater Victoria?

Half of the homes that sold in Greater Victoria went under contract within about 30 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Greater Victoria?

Median sold prices in Greater Victoria are up 3.4% year over year, at $900K. Currently 18.1% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Greater Victoria?

It depends which side you are on. With about 4.0 months of inventory, Greater Victoria is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 30 days to sell, so both sides have room to negotiate on price and terms.

What is the best time of year to sell a home in Greater Victoria?

Across the past two years, sales activity in Greater Victoria has been strongest in May and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Greater Victoria?

As of the latest data there are 2,413 active home listings in Greater Victoria. Over the period, 12,375 new listings came to market and 5,780 sold, which is about 4.0 months of inventory at the current sales pace.

Do homes in Greater Victoria sell for more than their assessed value?

The typical home in Greater Victoria sold at 100.9% of its BC-assessed value — about 1% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Greater Victoria Real Estate Market Stats

trend explorer

How the market moved

interactive 24-mo series

Median sale price· 12 monthsGreater Victoria

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Vertical axis does not start at zero.

Greater Victoria

market state

The current Greater Victoria snapshot

all residential

Active listings · now: 2,413
−1.2% 1Y
Aug '25–Jul '26
Sales · period: 5,780
−14.2% 1Y
Aug '25–Jul '26
New listings: 12,375
+6.8% 1Y
Aug '25–Jul '26
Median days on market: 30days
+10.5% 1Y
n = 5,781 sales · Aug '25–Jul '26
Sale-to-list ratio: 98.0%
−0.3 pts 1Y
n = 5,781 sales · Aug '25–Jul '26
Over-asking rate: 13.6%
−2.2 pts 1Y
n = 5,781 sales · Aug '25–Jul '26
789 of 5781 sales
median +$21k over asking
Sale-to-assessed: 100.9%
−0.9 pts 1Y
n = 5,507 sales · Aug '25–Jul '26
Months of inventory: 4.0mo
+0.2% 1Y
Aug '25–Jul '26
Median price: $900K
+3.4% 1Y
n = 5,781 sales · Aug '25–Jul '26
Average price: $1.04M
+4.0% 1Y
n = 5,781 sales · Aug '25–Jul '26
Price per sq ft: $559/sqft
−2.5% 1Y
n = 5,779 sales · Aug '25–Jul '26
Price reductions: 18.1%
+6.7 pts 1Y
Aug '25–Jul '26

Repliers MLS · BC Assessment · 8X derived · pooled over August 2025 – July 2026 · figures below 10 sales carry no percentage change

Active listings · now: 2,413
−1.2% 1Y
Aug '25–Jul '26
Sales · period: 5,780
−14.2% 1Y
Aug '25–Jul '26
New listings

by municipality

Across the region

13 municipalities median all residential

macro context

The backdrop

always at native resolution

rental market

What it rents for

Victoria CMA asking rents

Asking rents & vacancy (Victoria CMA) · coming soon

Full methodology & metric definitions

lender	under 20%	20%+	under 20%	20%+
	5-yr fixed		5-yr variable
Coast Capital	4.04 (lowest)	4.44 (lowest)	3.79	3.94 (lowest)
CIBC	4.59	4.94	3.95	4.10
Vancity	4.59	4.69

Greater Victoria real estate market — prices, sold data & trends

How the market moved

The current Greater Victoria snapshot

Across the region

The backdrop

What it rents for

What buyers & sellers ask about the Greater Victoria market

From registration to completion

How the market moved

The current Greater Victoria snapshot

Across the region

The backdrop

What it rents for

Methodology — sources and resolution contract

What buyers & sellers ask about the Greater Victoria market

From registration to completion