In July, a total of 680 properties were sold in Greater Victoria, a 4.6 per cent jump from July 2024 but a 10.6 per cent drop from June 2025, according to the Victoria Real Estate Board.
Sales of condos increased by 5.6 per cent from July 2024 with 225 units sold this past month, and sales of single family homes decreasing by 0.3 per cent from July 2024 with 318 sold.
“Typically, as the school year wraps up and summer holidays begin, our housing market relaxes somewhat,” said Victoria Real Estate Board chairman Dirk VanderWal in a news release. “However, we did see a good pace of sales in July, and listing inventory remained at a stable level. This means that those shopping over the summer will have a good selection of homes to consider, but it also means there is enough market activity that we could see some properties go into multiple offers.”
There were 3,703 active listings for sale on the board's Multiple Listing Service at the end of July 2025, a decrease of two per cent compared to June, and a 10.6 per cent increase from the 3,348 active listings for sale at the end of July 2024.
“The conclusion of July also signals the traditionally busy spring market is officially over,” added VanderWal. “Overall, I think the level of activity over the course of the spring surprised many who were unsure how the real estate market would be impacted by economic and trade uncertainties. But throughout 2025, we have seen positive indicators of a healthy and stable market, with consistent levels of listing inventory higher than we’ve seen in recent years along with reasonably flat and predictable pricing.
Their game price index benchmark value for a single family home in the Victoria Core in July 2024 was $1,296,100. The benchmark value for the same home in July 2025 increased by 3.3 per cent to $1,338,800, also up from June’s value of $1,325,400. The benchmark value for a condo in the Victoria Core area in July 2024 was $567,800, while the benchmark value for the same condominium in July 2025 decreased by 0.8 per cent to $563,300, up from the June value of $562,800.
