September 2025 Victoria Real Estate Board Statistics – Victoria real estate market finds a healthy balance in autumn
A total of 554 properties sold in the Victoria Real Estate Board region this September, 3 per cent fewer than the 571 properties sold in September 2024 and 5.5 per cent more than in August 2025. Sales of condominiums decreased by 18.5 per cent from September 2024 with 154 units sold. Sales of single family homes increased by 6.3 per cent from September 2024 with 289 sold.
“September was another stable month for local real estate,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Stability is a good thing; we don’t want to see huge fluctuations in price or number of sales in our market. A market like we currently are in, that experiences typical seasonality, and includes a healthy amount of inventory and a good selection of interested buyers, is one where we won’t have that overheated pressure on pricing and on transactions that we saw in previous years. Our current market is fairly balanced, with less pressure on both the buyers’ and the sellers’ sides. This means each party in the transaction has time to do their due diligence and make decisions.”
There were 3,694 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of September 2025, an increase of 2.6 per cent compared to the previous month of August and a 9.9 per cent increase from the 3,361 active listings for sale at the end of September 2024.
“Single family homes and townhome sales remained strong last month,” adds Chair VanderWal. “The condo market proved slightly softer. Decreasing interest rates may bring more buyers into the field, including first time home buyers who often purchase condos. In these balanced market conditions, if you’re selling, it’s important your home is well-presented and correctly priced. If you are purchasing, it’s important you prioritize your needs and wants as there are more options to choose from. Your REALTOR® can help you identify the right strategy for a successful sale or purchase.”
The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in September 2024 was $1,279,700. The benchmark value for the same home in September 2025 increased by 1.2 per cent to $1,294,800, down from August’s value of $1,308,100. The MLS® HPI benchmark value for a condominium in the Victoria Core area in September 2024 was $553,400, while the benchmark value for the same condominium in September 2025 decreased by 1.1 per cent to $547,500, down from the August value of $551,300.ed by 1.4 per cent to $551,300, down from the July value of $563,300.
*Editor’s note
1. Areas covered by the Victoria Real Estate Board include: Victoria, Vancouver Islands
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