The latest November 2025 data from the Victoria Real Estate Board shows a seasonal slowdown in market activity as the region heads into winter. Total property sales reached 451 last month, down from 551 sales in November 2024 and significantly lower than October activity.
Single family homes recorded 241 sales, reflecting a moderate year over year decrease. Condominium sales saw a larger slowdown, with only 119 units sold, marking a notable drop compared to last year. Townhomes and other residential property types accounted for 55 sales.
Despite the slower pace of sales, overall market inventory remains stable. At the end of November, there were 3,152 active listings across Greater Victoria. This represents a slight decline from October but an increase compared to the same time last year. This balance between supply and demand continues to give both buyers and sellers opportunities to move with confidence when properly positioned.
Benchmark pricing shows modest movement. The benchmark price for a single family home in the Victoria Core sits at approximately 1,276,700, showing a small year over year decline. Condominium benchmark pricing edged up slightly to approximately 553,100.
For buyers, the current environment offers more choice and less competition. With sales softening, buyers can take time to explore available inventory and negotiate more strategically, especially within the condo market.
For sellers, realistic pricing and strong presentation are now more important than ever. Homes that are priced correctly and well marketed continue to sell, while overpriced listings may experience longer days on market.
Overall, November’s data reflects a balanced market rather than a booming or declining one. The market remains steady, offering a stable landscape for both buyers and sellers to make informed decisions as we approach the new year.
