10/07/2026
🏡 Victoria Real Estate Market Update – September 2026 📊
September brought a noticeable shift in Victoria’s real estate market, with inventory continuing to outpace sales and conditions moving into buyer’s market territory for the first time since January 2015, excluding the pandemic period.
September at a glance:
* 463 properties sold, down 16.4% from September 2025 and 21.7% from August 2026
* Condo sales: 137 units (↓11% YoY) 🏢
* Single-family homes: 239 sold (↓17.3% YoY) 🏠
* Active listings: 3,811 (↑4.1% from August, ↑3.2% YoY)
💡 What does this mean?
For buyers, there is currently strong selection, more time to make decisions and increased negotiating opportunity. With inventory typically decreasing as we move into winter, buyers who are qualified and ready may want to take advantage of the choices available today.
For sellers, pricing and positioning are more important than ever. Buyers have options, so understanding your property’s current market value — and how it compares to competing properties — is critical.
💰 Benchmark Prices – Victoria Core:
* Single-family homes: $1,280,100 (↓2.0% YoY)
* Condos: $547,800 (↑1.0% YoY)
One month does not make a long-term trend, and September looked very different from July and August. The market can shift quickly, particularly as we move into the fall and winter months.
Every neighbourhood and property type has its own micro-market, which is why current, local data and a strategic approach matter.
Whether you’re thinking about buying or selling, I’m here to help you understand what today’s market means for your specific situation.
📲 Let’s connect:
Coral Gilbert | REALTOR®
📞 778-350-7475
📧 [email protected]
🌐 https://coralgilbert.remax.ca/
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