What’s Really Happening in the Victoria Market Right Now?
If you’ve been watching the market from the sidelines — or even actively browsing — you might have noticed a mix of signals lately. On one hand, summer usually brings a pause in activity as people focus on travel, family, and rest. On the other hand, this July told a more complex story.
Across the Victoria Real Estate Board region, 680 properties sold, up 4.6% from July 2024, though down slightly from June. That modest year-over-year gain, especially during the summer, is a positive sign — suggesting that underlying demand is still present, even in a higher-rate environment.
At the same time, inventory remains relatively stable month-over-month, sitting at 3,703 active listings, which is 10.6% higher than this time last year. This gives buyers a better selection, and for sellers, it means pricing and presentation really matter — especially with buyers being more discerning.
What does this all mean?
A Balanced Market — But Not a Boring One
Victoria is currently in what we’d call a balanced market — not leaning heavily toward either buyers or sellers. Pricing has remained flat but stable, with the benchmark price for a single-family home in the Victoria Core sitting at $1,338,800, up 3.3% year-over-year.
That said, certain segments of the market are quietly outperforming:
Townhome sales jumped nearly 20% compared to last July
Condo sales increased by 5.6%
And while single-family home sales stayed flat, some well-priced properties still received multiple offers
Buyers are still active, but they're selective. Properties that are priced right and show well are selling — and in some cases, selling fast.
Looking Ahead: What’s Next for August and Fall?
Historically, we see a bump in activity heading into late August and early fall — especially as people return from vacation and re-engage with real estate goals. With inventory holding strong and interest rates potentially peaking, we may see a renewed sense of urgency from buyers who’ve been waiting on the sidelines.
For sellers, this is a great time to prep your home for market while competition is still manageable. And for buyers, stable pricing and more inventory mean there’s room to be thoughtful, but also strategic.
If you’re curious about what this all means for your home’s value or your next move, I’d be happy to chat. Whether it’s a quick check-in or a full strategy session, I’m here to help.
Let’s stay connected,
Rick