06/07/2026
📍The May Market Brief
The days of rushing to submit an offer before lunch are largely behind us.
Victoria’s market is offering something we haven’t seen in years: choice.
With over 4,000 homes currently available — the most inventory we’ve had in more than a decade — buyers are taking their time, exploring more options, and becoming increasingly selective. For those looking to make a move, that’s not necessarily a bad thing.
Single-family home values have remained remarkably steady, while condo prices have softened slightly. Meanwhile, sales activity picked up from April, a clear sign that serious buyers are still very much in the market.
The takeaway?
For buyers, this is a season of opportunity.
For sellers, success belongs to those who understand today’s market rather than yesterday’s.
As always, the most interesting stories aren’t found in the headlines. They’re happening neighbourhood by neighbourhood, street by street, and often behind the scenes.
Curious about what’s happening in your corner of Vancouver Island? My inbox is open.
