Victoria Real Estate Board Reports Balanced Market with 579 Sales in March 2026

Victoria Real Estate Board — March 2026

In March 2026, the Victoria Real Estate Board recorded 579 property sales, reflecting a 7.9% increase from the previous year. Active listings rose to 3,261, marking a 12.3% increase from February 2026, indicating a balanced market environment.

Market Analysis

The Victoria real estate market is currently exhibiting balanced conditions, characterized by a steady increase in both sales and active listings. With 579 properties sold in March 2026, this represents a significant 24.5% increase from February 2026, although it is 5.5% lower than the 613 sales recorded in March 2025. The months of inventory stands at 5.6, suggesting that the market is neither favoring buyers nor sellers significantly, allowing for a more measured approach to transactions.

Property Type Analysis

While detailed benchmark prices are not available, the sales figures indicate varied performance across property types. Detached homes and townhouses have seen fluctuations in sales, with single-family homes selling 285 units, a slight decrease of 2.4% from March 2025. In contrast, condominium sales have experienced a more pronounced decline, with 164 units sold, down 18.8% from the previous year, suggesting a shift in buyer preferences or market dynamics within this segment.

Regional Highlights

The Greater Victoria area continues to show resilience with a diverse range of active listings, which increased by 12.3% from February. This growth in inventory, combined with a reasonable level of consumer demand, has created a favorable environment for both buyers and sellers, allowing for thoughtful decision-making in transactions. The regional market remains dynamic, with micro markets exhibiting unique conditions that can affect property values and sales activity.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions, which provide ample opportunities for negotiation and due diligence. With a variety of properties available, buyers should work closely with a local REALTOR® to identify the best options that meet their needs and budget.

For Sellers

Sellers should be mindful of the increasing inventory levels and the current market dynamics. It is advisable to ensure that their property is competitively priced and presented well to attract potential buyers. Collaborating with a knowledgeable local REALTOR® can help sellers develop effective marketing strategies tailored to their specific property and target audience.