Core residential real estate market — Jun 2026

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

As of the latest data, Core is a balanced market. There are about 5.1 months of inventory — 4 to 7 months is considered balanced. Around 13.6% of homes sold above asking, and the typical sale closed at 97.8% of list price.

How much does a home cost in Core?

The median sold price for a home in the Core region is $919K, up 3.7% from a year ago. The average sold price is $1.04M. That works out to roughly $600 per square foot.

Are homes in Core selling over asking?

13.6% of homes that sold in the Core region closed above their list price. The typical home sold at 97.8% of asking — just under list. Among the homes that sold over asking, the median premium was +$20.1k over asking.

How long do homes take to sell in Core?

Half of the homes that sold in the Core region went under contract within about 28 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Core?

Median sold prices in the Core region are up 3.7% year over year, at $919K. Currently 17.3% 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 Core?

It depends which side you are on. With about 5.1 months of inventory, the Core region is roughly balanced between buyers and sellers. Conditions are even-handed: homes take about 28 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 Core?

Across the past two years, sales activity in the Core region 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 Core?

As of the latest data there are 1,558 active home listings in the Core region. Over the period, 6,519 new listings came to market and 3,398 sold, which is about 5.1 months of inventory at the current sales pace.

Do homes in Core sell for more than their assessed value?

The typical home in the Core region sold at 101.1% 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.

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