Victoria Real Estate Board Reports May 2026 Sales of 713 Properties, Composite Benchmark Price of $893,000, and 4,029 Active Listings

Victoria Real Estate Board — May 2026

The Victoria Real Estate Board recorded 713 property sales in May 2026, with the Composite Benchmark Price reaching $893,000. Active listings stood at 4,029 at the end of May 2026.

Market Analysis

The Victoria Real Estate Board reported a Composite Benchmark Price of $893,000 for May 2026, representing a +0.1% price year-over-year change. A total of 713 properties sold in May 2026, which is 10.9 per cent more than the 643 properties sold in April 2026. Active listings on the Victoria Real Estate Board Multiple Listing Service® at the end of May 2026 totaled 4,029, an increase of 8.6 per cent compared to the 3,710 active listings in April 2026 and an 8.4 per cent increase from the 3,716 active listings at the end of May 2025. According to Victoria Real Estate Board Chair Fergus Kyne, “There’s no more waiting – the spring market is here. With the most inventory for sale that our market has had in eleven years, we’re seeing buyers take advantage of the many homes to choose from. Buyer expectations around pricing and features have changed with market conditions and they have more time to make decisions and are viewing more properties. To meet buyer demands, motivated sellers need to enter the market with competitive pricing and an understanding of their property’s value in the current environment.”

Chair Kyne also noted, “The current market is unlike what we’ve seen in recent years. If you are considering selling or buying a property this spring, it’s important that you connect with your REALTOR® to understand the specific market conditions in your area and for your property type. Since our market is made up of many sub-markets, you’ll want to position your sale or purchase based on recent, relevant data and market insight that your Realtor can provide. With the help of your Realtor, both buyers and sellers can understand what it takes to be successful in the current market.”

Property Type Analysis

In May 2026, the benchmark price for a detached property was $1,181,700, for an attached/townhouse property it was $783,300, and for an apartment property it was $550,400. Sales of single family homes decreased by 4 per cent from May 2025, with 385 sold. Sales of condominiums decreased by 14.9 per cent from May 2025, with 188 units sold. The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in May 2026 increased by 0.3 per cent to $1,339,000 from $1,335,500 in May 2025, and was down from April’s value of $1,339,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in May 2026 decreased by 1.9 per cent to $551,400 from $562,100 in May 2025, and was down from the April value of $558,300.