Victoria Real Estate Board Market Report - February 2026

Victoria Real Estate Board — February 2026

In February 2026, the Victoria Real Estate Board region recorded 465 property sales, reflecting a 35% increase from January 2026. Active listings rose to 2,903, marking a 10.6% increase from the previous month.

Market Analysis

The Victoria real estate market is currently experiencing a buyer's market, characterized by a months of inventory (MOI) of 6.2. This is a slight improvement from January 2026's MOI of 7.7, indicating a gradual increase in sales activity. Despite a year-over-year decrease in sales compared to February 2025, the month-over-month sales surge of 37.2% suggests a growing interest among buyers as the spring market approaches.

Property Type Analysis

Sales of single-family homes and condominiums have shown varied performance this February. Single-family home sales totaled 206 units, down 12% from February 2025, while condominium sales decreased by 19.8%, with 154 units sold. This decline in sales for both property types indicates a potential shift in buyer preferences or market conditions that warrant further observation.

Regional Highlights

The total active listings in the Victoria area increased significantly, with 2,903 properties available, up from 2,624 in January 2026 and 2,630 in February 2025. This increase in inventory provides buyers with more options, contributing to a more balanced market environment. The overall trend suggests that while sales have picked up, the market is still adjusting to previous years' dynamics.

For Buyers

Prospective buyers are encouraged to take advantage of the current inventory levels and the gradual easing of market conditions. With a variety of properties available, now is an opportune time to engage with a local Victoria REALTOR® to explore options and negotiate favorable terms.

For Sellers

Sellers should consider the current market dynamics and the increase in active listings when planning their sales strategy. Collaborating with a local REALTOR® can help sellers effectively position their properties to attract buyers in this competitive environment.