As summer came to a close, the Victoria real estate market wrapped up August on a quiet but steady note. While activity slowed compared to July and last year, conditions remain stable, giving both buyers and sellers more breathing room than in past, more competitive markets.
Market Snapshot
-
525 properties sold in August 2025 in the Victoria Real Estate Board region.
-
Down 3.7% from August 2024 (545 sales).
-
Down 22.8% from July 2025.
-
-
Condominium sales: 152 units sold, a 16% decrease year-over-year.
-
Single-family homes: 268 sold, a 6.3% increase compared to August 2024.
Seasonal Slowdown
“August was a quiet but steady month,” noted 2025 Victoria Real Estate Board Chair Dirk VanderWal. As he explained, this softer activity is typical for late summer, when many households focus on vacations and back-to-school routines rather than real estate moves. Sellers often use this time to prepare their homes for listing in the busier fall market.
Active Listings on the Rise
At the end of August, there were 3,600 active listings on the Victoria Real Estate Board’s Multiple Listing Service®:
-
Down 2.8% from July 2025.
-
Up 12.8% compared to August 2024 (3,191 listings).
This year-over-year increase in inventory is giving buyers more choice than they’ve had in recent years.
Prices Hold Steady
Price trends remained relatively balanced in August:
-
Single-family homes (Victoria Core):
-
August 2024: $1,287,400
-
August 2025: $1,308,100 (+1.6%)
-
Down slightly from July’s $1,338,800
-
-
Condominiums (Victoria Core):
-
August 2024: $559,200
-
August 2025: $551,300 (–1.4%)
-
Down from July’s $563,300
-
Overall, the market is no longer experiencing the dramatic price swings of past years, with both buyers and sellers adjusting to more measured conditions.
What This Means for Buyers and Sellers
Chair VanderWal highlighted that stable prices and interest rates over the past year have created a different market pace than the “highly pressurized” conditions of five years ago. Today, buyers and sellers alike have more time to evaluate their options and make thoughtful decisions.
-
For Buyers: More inventory and a slower pace means less pressure to make quick decisions.
-
For Sellers: While demand is steady, competitive pricing and preparation are key to attracting buyers.
Looking Ahead
As the fall market approaches, we often see renewed activity in Victoria real estate. Whether you’re considering buying your first condo, moving up to a single-family home, or listing your property, now is a great time to plan your next steps.
To explore what these market conditions mean for your specific situation, connect with your local REALTOR® for up-to-the-minute insights and guidance.
