The Victoria real estate market found a steady rhythm this September, showing signs of balance as we move into the fall season. With sales holding steady, more inventory on the market, and moderated price shifts, both buyers and sellers are benefiting from healthier conditions.
Sales Activity: Steady Yet Balanced
A total of 554 properties sold in the Victoria Real Estate Board region this September. This represents a 3% decrease from September 2024 (571 sales) but a 5.5% increase compared to August 2025.
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Condominium sales: 154 units sold, down 18.5% year-over-year.
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Single-family home sales: 289 units sold, up 6.3% year-over-year.
This mix reflects a softer condo market but continued strength in single-family homes and townhouses.
A Market Finding Stability
“September was another stable month for local real estate,” said Victoria Real Estate Board Chair, Dirk VanderWal.
He emphasized that stability is a positive sign:
“We don’t want to see huge fluctuations in price or number of sales in our market. A balanced market with seasonality, strong inventory, and motivated buyers means less pressure on pricing and more room for thoughtful decisions.”
With 3,694 active listings at the end of September, inventory rose 2.6% from August 2025 and 9.9% from September 2024, giving buyers more choice and sellers more competition.
Home Prices: Modest Shifts in Both Directions
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Single-family homes (Victoria Core):
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September 2024 benchmark: $1,279,700
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September 2025 benchmark: $1,294,800 (+1.2% YoY)
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Down slightly from August 2025’s $1,308,100
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Condominiums (Victoria Core):
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September 2024 benchmark: $553,400
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September 2025 benchmark: $547,500 (-1.1% YoY)
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Also down from August 2025’s $551,300
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These figures show modest appreciation in single-family homes while condos remain more affordable, an opportunity for first-time buyers especially as interest rates ease.
What This Means for Buyers and Sellers
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For sellers: Presentation and pricing matter more than ever in a balanced market. Well-staged and correctly priced homes are standing out and selling faster.
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For buyers: With more listings and less competition, there’s time to evaluate options carefully and negotiate strategically. Prioritizing “must-haves” vs. “nice-to-haves” can help buyers find the right fit.
As Chair VanderWal noted:
“Decreasing interest rates may bring more buyers into the field, especially first-time buyers. Your REALTOR® can help guide you toward the best strategy for success in today’s market.”
The September 2025 Victoria real estate market highlights a welcome balance: stable sales, increased inventory, and moderated pricing. Unlike past years of overheated competition, today’s market gives both buyers and sellers the breathing room to make informed decisions.
👉 Thinking about making a move this fall? Whether buying or selling, let’s connect to discuss the best strategy for your goals in Victoria’s evolving real estate market.
