August was a typical quiet but steady month says Victoria Real Estate Board chair Dirk VanderWal.
"Home buying, selling, and moving projects are often put on hold until fall. Some sellers use the month to prepare their home for listing in the busier fall market.”
A total of 525 properties sold in the Victoria Real Estate Board region – 3.7 per cent fewer than last year and 22.8 per cent fewer than in July 2025. Sales of condominiums saw a drop, decreasing by 16 per cent from last year, where single-family homes increased by 6.3 per cent.
At the end of the month, there were 3,600 active listings for sale on the Victoria Real Estate Board Multiple Listing Service. This is a 12.8 per cent increase from active listings for sale at the end of August 2024.
“We’ve seen fairly stable prices and interest rates for over a year now,” said VanderWal, adding that this, combined with the improved availability of inventory, makes for less pressurized conditions than those that made headlines five years ago.
"The current market allows buyers and sellers more time to review their options, evaluate properties, and is more supportive of planning and decision making, all of which are helpful when you’re making one of the biggest financial decisions you’ll make in your lifetime."
The Multiple Listing Service Home Price Index benchmark value for a single-family home in the Victoria Core in August 2024 was $1,287,400. The benchmark value for the same home in August 2025 increased by 1.6 per cent to $1,308,100, down from July’s value of $1,338,800.
The benchmark value for a condominium in the Victoria Core in August 2024 was $559,200. For the same condominium in August 2025, the value decreased by 1.4 per cent to $551,300, down from the July value of $563,300.
