06/15/2026
📊 Greater Victoria Market Update | May 2026
The Greater Victoria real estate market continues to offer buyers plenty of choice, with inventory levels sitting at their highest point in over a decade. More selection means buyers are taking their time, comparing properties carefully, and being more selective about pricing, condition, and features.
For sellers, today's market requires a strategic approach. Homes that are priced appropriately and positioned well for current market conditions are attracting the most interest, while buyers have less urgency and more opportunities to explore their options before making a decision.
May 2026 Highlights:
🏡 4,029 Active Listings
🔑 713 Properties Sold
📈 Single Family Average Price: $1,181,700 (steady year-over-year)
🏢 Condo Average Price: $555,400 (-1.7% year-over-year)
🏘️ Townhouse Average Price: $783,300 (-1.4% year-over-year)
Whether you're thinking about buying, selling, or simply curious about your home's value, understanding today's market conditions is key to making informed decisions. Feel free to reach out if you'd like to discuss what these numbers mean for your specific situation.