Victoria residential real estate market — Jun 2026

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

As of the latest data, Victoria is a balanced market. There are about 5.0 months of inventory — 4 to 7 months is considered balanced. Around 8.1% of townhomes sold above asking, and the typical sale closed at 98.7% of list price.

How much does a townhome cost in Victoria?

The median sold price for a townhome in Victoria is $845K, up 2.4% from a year ago. The average sold price is $910K. That works out to roughly $643 per square foot.

Are townhomes in Victoria selling over asking?

8.1% of townhomes that sold in Victoria closed above their list price. The typical home sold at 98.7% of asking — just under list. Among the homes that sold over asking, the median premium was +$7.5k over asking.

How long do townhomes take to sell in Victoria?

Half of the townhomes that sold in Victoria went under contract within about 25 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Victoria?

Median sold prices in Victoria are up 2.4% year over year, at $845K. Currently 20.5% 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 Victoria?

It depends which side you are on. With about 5.0 months of inventory, Victoria is roughly balanced between buyers and sellers. Conditions are even-handed: townhomes take about 25 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 Victoria?

Across the past two years, sales activity in Victoria has been strongest in May and quietest in October. 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 townhomes are for sale in Victoria?

As of the latest data there are 62 active townhome listings in Victoria. Over the period, 279 new listings came to market and 121 sold, which is about 5.0 months of inventory at the current sales pace.

Do townhomes in Victoria sell for more than their assessed value?

The typical home in Victoria sold at 102.3% of its BC-assessed value — about 2% 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.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.