Victoria Real Estate Board Reports January 2026 Market Trends: Sales Decrease Amid Increased Inventory

Victoria Real Estate Board — January 2026

In January 2026, the Victoria Real Estate Board recorded 339 property sales, marking a 19.7% decline from 422 sales in January 2025. Active listings rose to 2,624, reflecting a 9.6% increase year-over-year, contributing to a months of inventory figure of 7.7.

Market Analysis

The Victoria real estate market in January 2026 shows signs of a shift towards a buyer's market, characterized by increased inventory and fewer sales. With 2,624 active listings, the market has seen a 3.1% rise from December 2025 and a significant 9.6% increase compared to January 2025. This elevated inventory level is crucial in moderating any upward pressure on prices, providing buyers with more options and potentially stabilizing the market dynamics.

Property Type Analysis

Sales data indicates a decline across various property types, with condominiums experiencing a 25.3% drop year-over-year, totaling 109 units sold, while single-family homes saw a 21.1% decrease with 153 sales. The overall trend suggests that while demand remains, the supply of available properties is more than sufficient to meet it, leading to a more balanced market environment for buyers and sellers alike.

Regional Highlights

The diverse nature of the Victoria real estate market means that conditions can vary significantly across different neighborhoods. While some areas may be experiencing balanced conditions, others may lean more towards a buyer's market, highlighting the importance of localized market knowledge. The current inventory levels provide a unique opportunity for buyers to explore various options within their desired regions.

For Buyers

Prospective buyers are encouraged to take advantage of the current market conditions, which offer a wider selection of properties and potentially more favorable negotiation terms. Engaging with a knowledgeable Victoria REALTOR® can help buyers navigate the diverse micro-markets and identify opportunities that align with their needs.

For Sellers

Sellers should be mindful of the increased inventory and adjust their expectations accordingly. Pricing properties competitively and ensuring they are well-presented can help attract buyers in a market where selection is abundant. Collaborating with a local real estate professional can provide valuable insights into pricing strategies and marketing approaches tailored to the current market dynamics.