Victoria Real Estate Board
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Victoria Real Estate Board was $890,100 in July 2026.
Across the 6 months with a published benchmark — January 2026 to June 2026 — the benchmark rose 3.3%, from $861,600 to $890,100.
The high over that window was $893,000 in May 2026; the benchmark now sits 0.3% below it.
The segments have not moved together: detached homes gained 3.5%, apartments gained 1.9% and townhouses gained 1.3% over the window — a spread of 2.2 percentage points between detached homes and townhouses.
As of July 2026 the benchmark stands at $1,174,100 for detached homes, $782,300 for townhouses and $547,700 for apartments.
Victoria Real Estate Board reported 673 sales in July 2026, up 3.9% from a year earlier.
Across the 7 months on record the board reported 4,131 sales here, averaging 590 a month — from a high of 719 in June 2026 to a low of 339 in January 2026.
Inventory stands at 5.7 months of supply, which the board's own thresholds classify as a balanced market.
These are figures published by Victoria Real Estate Board. The period-over-period comparisons above — the change over the window, the high and the low, the spread between property types and the monthly average — are arithmetic compiled by this publication from 7 monthly releases, January 2026 through July 2026.
Board Report
Key Takeaways
July 2026- If you’re shopping for homes right now, your REALTOR® can help explore the properties that have the best current and future potential, identify where smart compromises may be made, and focus on what features matter the most.” There were 3,847 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2026, a decrease of 5.1 per cent compared to the previous month of June and a 3.9 per cent increase from the 3,703 active listings for sale at the end of July 2025.
- Whether you’re buying or selling, your Realtor works for you and can provide you with updates, options, and suggestions to navigate current market conditions.” The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2025 was $1,348,400.
- The benchmark value for the same home in July 2026 decreased by 2.8 per cent to $1,311,000, down from June’s value of $1,326,500.
- The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2025 was $561,200, while the benchmark value for the same condominium in July 2026 decreased by 2.2 per cent to $548,600, down from the June value of $549,200.
Source: Victoria Real Estate Board
At 5.7 months of inventory, supply and demand are well matched. Neither buyers nor sellers have a decisive advantage. Prices tend to appreciate moderately, and properties sell within normal timeframes.
Victoria Real Estate Board Narrative
A total of 673 properties were sold in the Victoria Real Estate Board region this July, 1 per cent fewer than the 680 properties sold in July 2025 and 6.4 per cent fewer than sold in June 2026. Sales of condominiums decreased by 7.1 per cent from July 2025, with 209 units sold. Sales of single family homes increased by 4.1 per cent from July 2025, with 331 sold.
“It was a solid month for sales,” said Victoria Real Estate Board Chair Fergus Kyne. “We ended the month above the five-year average for number of sales in a July. What’s different about this market is the availability of inventory, and how the generous number of homes for sale impact both the seller and buyer experience. Buyers are taking more time to make decisions because of all the options available. Some buyers may even feel overwhelmed as they navigate a market with so much choice. If you’re shopping for homes right now, your REALTOR® can help explore the properties that have the best current and future potential, identify where smart compromises may be made, and focus on what features matter the most.”
There were 3,847 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2026, a decrease of 5.1 per cent compared to the previous month of June and a 3.9 per cent increase from the 3,703 active listings for sale at the end of July 2025.
“On the other hand, if you’re a seller wondering where your buyer is, your Realtor can help determine the best approach in your specific situation,” notes Chair Kyne. “Your Realtor will have up to date market data and local insights to help you navigate your next steps. Sometimes simple things, like ensuring all maintenance is up to date, and that your home is presented beautifully, can be the difference in competitive markets. Whether you’re buying or selling, your Realtor works for you and can provide you with updates, options, and suggestions to navigate current market conditions.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in July 2025 was $1,348,400. The benchmark value for the same home in July 2026 decreased by 2.8 per cent to $1,311,000, down from June’s value of $1,326,500. The MLS® HPI benchmark value for a condominium in the Victoria Core area in July 2025 was $561,200, while the benchmark value for the same condominium in July 2026 decreased by 2.2 per cent to $548,600, down from the June value of $549,200.
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 Inventory
At 5.7 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Source: Victoria Real Estate Board via CREA MLS
Period: July 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.