Housing remains a hot commodity in Greater Victoria as the real estate market heads into the summer season.
A total of 761 properties sold in the Victoria Real Estate Board region in June, 15.1 per cent more than the 661 properties sold in June 2024 and 0.4 per cent more than in May 2025. Sales of condominiums increased by 23.3 per cent from June 2024 with 249 units sold, while the 402 single-family homes sold represents a 17.5 per cent jump from June 2024.
“We observed a fairly robust real estate market in the month of June,” said 2025 Victoria Real Estate Board chair Dirk VanderWal. “Recent market trends suggest that we have finally transitioned from a pandemic-driven market to more conventional patterns. We have experienced consecutive months of a healthy and balanced market that includes listing inventory levels we have not seen in a decade paired with steady sales. Despite economic uncertainties weighing on consumer confidence, Victoria continues to demonstrate resilient market conditions.”
The Multiple Listing Service Home Price Index benchmark value for a single-family home in the Victoria core hit $1.325 million in June, a slight dip from May but a 2.3 per cent increase from the value of $1.295 million in June 2024. Condo values dropped 0.9 per cent over the past year to $562,800 in June.
There were 3,778 active listings for sale on the Victoria Real Estate Board Multiple Listing Service at the end of June 2025, an increase of 1.7 per cent over May numbers and a 9.2 per cent increase from the 3,460 active listings for sale at the end of June 2024.
“Noteworthy this past month is a large uptick in the number of condos sold,” said VanderWal. “Earlier in the spring, fewer condos were sold compared to the previous year. It seems that condo buyers were back in the market and very active in June. It will be interesting to see if this continues through the summer and becomes a trend.”
