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

As of the latest data, Greater Victoria is a seller's market. There are about 3.5 months of inventory — under 4 months typically favours sellers. Around 14.6% of houses sold above asking, and the typical sale closed at 97.6% of list price.

How much does a house cost in Greater Victoria?

The median sold price for a house in Greater Victoria is $1.2M, down 1.3% from a year ago. The average sold price is $1.37M. That works out to roughly $531 per square foot.

Are houses in Greater Victoria selling over asking?

14.6% of houses that sold in Greater Victoria closed above their list price. The typical home sold at 97.6% of asking — just under list. Among the homes that sold over asking, the median premium was +$21k over asking.

How long do houses take to sell in Greater Victoria?

Half of the houses that sold in Greater Victoria went under contract within about 29 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 down 1.3% year over year, at $1.2M. Currently 19.4% 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 3.5 months of inventory, Greater Victoria favours sellers. Sellers have leverage, with houses moving in around 29 days and 14.6% selling over asking — buyers should be ready to act quickly and expect competition.

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 houses are for sale in Greater Victoria?

As of the latest data there are 1,047 active house listings in Greater Victoria. Over the period, 5,668 new listings came to market and 2,817 sold, which is about 3.5 months of inventory at the current sales pace.

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

The typical home in Greater 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.

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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Greater Victoria

market state

The current Greater Victoria snapshot

single family

Active listings · now: 1,047
−10.9% 1Y
Aug '25–Jul '26
Sales · period: 2,817
−8.4% 1Y
Aug '25–Jul '26
New listings: 5,668
+5.9% 1Y
Aug '25–Jul '26
Median days on market: 29days
+9.1% 1Y
n = 2,817 sales · Aug '25–Jul '26
Sale-to-list ratio: 97.6%
−0.5 pts 1Y
n = 2,817 sales · Aug '25–Jul '26
Over-asking rate: 14.6%
−3.9 pts 1Y
n = 2,817 sales · Aug '25–Jul '26
412 of 2817 sales
median +$21k over asking
Sale-to-assessed: 102.3%
−0.5 pts 1Y
n = 2,785 sales · Aug '25–Jul '26
Months of inventory: 3.5mo
−0.3% 1Y
Aug '25–Jul '26
Median price: $1.2M
−1.3% 1Y
n = 2,817 sales · Aug '25–Jul '26
Average price: $1.37M
+1.5% 1Y
n = 2,817 sales · Aug '25–Jul '26
Price per sq ft: $531/sqft
−1.0% 1Y
n = 2,815 sales · Aug '25–Jul '26
Price reductions: 19.4%
+1.0 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: 1,047
−10.9% 1Y
Aug '25–Jul '26
Sales · period: 2,817
−8.4% 1Y
Aug '25–Jul '26
New listings

by municipality

Across the region

13 municipalities median single family

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 house 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