Victoria Real Estate Board
Market Data & Trends
Overview
Victoria Real Estate Board published a board-wide composite benchmark price of $877,000 in September 2026.
Across the 9 months on record — January 2026 to September 2026 — the board-wide benchmark rose 1.8%, from $861,600 to $877,000.
The high over that window was $893,000 in May 2026; the benchmark now sits 1.8% below it.
Board-wide published benchmarks were $1,170,200 for detached homes in July 2026, $795,500 for townhouses in July 2026 and $544,400 for apartments in July 2026.
The segments have not moved together: detached homes gained 3.1%, townhouses gained 3.0% and apartments gained 1.3% over the window — a spread of 1.8 percentage points between detached homes and apartments.
Victoria Real Estate Board reported 463 sales board-wide in September 2026, down 16.4% from a year earlier.
Across the 9 months on record, monthly sales board-wide ran from a high of 719 in June 2026 to a low of 339 in January 2026. Added together, those months come to 5,185 sales, an average of 576 a month.
Months of supply board-wide stood at 8.2 in September 2026.
These are board-wide figures published by Victoria Real Estate Board. The comparisons above — the change over the window, the distance from the high, the spread between property types and the sales total and monthly average — are arithmetic compiled by this publication from 9 monthly releases, January 2026 through September 2026.
Months of supply is active listings divided by that month's sales; where a release does not print it, this publication calculated it from the release's own counts.
Board Report
Key Takeaways
September 2026- We’ll be watching the data closely over the coming months to see whether this is the beginning of a trend we haven’t experienced in more than a decade.” There were 3,811 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2026, an increase of 4.1 per cent compared to the previous month of August and a 3.2 per cent increase from the 3,694 active listings for sale at the end of September 2025.
- That is why advice from a trusted local REALTOR® is so valuable when navigating a dynamic marketplace.” The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2025 was $1,306,500.
- The benchmark value for the same home in September 2026 decreased by 2 per cent to $1,280,100, down from August’s value of $1,301,800.
- The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2025 was $542,200, while the benchmark value for the same condominium in September 2026 increased by 1 per cent to $547,800, down from the August value of $553,600.
Source: Victoria Real Estate Board
Victoria Real Estate Board Narrative
A total of 463 properties were sold in the Victoria Real Estate Board region this September, 16.4 per cent fewer than the 554 properties sold in September 2025 and 21.7 per cent fewer than August 2026. Sales of condominiums decreased by 11 per cent from September 2025, with 137 units sold. Sales of single family homes decreased by 17.3 per cent from September 2025, with 239 sold.
“September closed with inventory levels outpacing sales to a degree we haven’t seen in many years,” said Victoria Real Estate Board Chair Fergus Kyne. “The numbers indicate that the Victoria housing market has ventured into buyer’s market territory. Excluding the months from the start of the pandemic, this is the first time we’ve seen a buyer’s market since January 2015. However, one month does not make a trend, and it’s too early to say whether market conditions have shifted for the longer term. We’ll be watching the data closely over the coming months to see whether this is the beginning of a trend we haven’t experienced in more than a decade.”
There were 3,811 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2026, an increase of 4.1 per cent compared to the previous month of August and a 3.2 per cent increase from the 3,694 active listings for sale at the end of September 2025.
“There is a strong supply of inventory available in our market right now,” notes Chair Kyne. “But there is also a lack of certainty in many other aspects of our lives that may be contributing to lower sales activity. If you’re a qualified buyer and you’re looking for a new home, this might be a good time, because inventory generally decreases into the winter and your choices may not be as diverse as they are right now. For sellers, it’s important to have a conversation with your REALTOR® about the current market value of your specific property and how your expectations align with today’s market conditions in your market segment. September’s market looked very different from July and August, and conditions could shift again in October and the months ahead. That is why advice from a trusted local REALTOR® is so valuable when navigating a dynamic marketplace.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2025 was $1,306,500. The benchmark value for the same home in September 2026 decreased by 2 per cent to $1,280,100, down from August’s value of $1,301,800. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2025 was $542,200, while the benchmark value for the same condominium in September 2026 increased by 1 per cent to $547,800, down from the August value of $553,600.
View our press release and summary here. View our complete statistical package here.
For More Information
Victoria Real Estate Board Denise Hogue, Director of Communications
Phone: 250-920-4652
Market Balance
Months of supply is active listings divided by that month's sales; where a release does not print it, this publication calculated it from the release's own counts.
Source: Victoria Real Estate Board via CREA MLS
Period: September 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.