Quick June 2025 Real Estate Snapshot for Victoria, BC

📈 Sales & Inventory

• Total sales in May 2025: 758 properties—down just 0.7% from May 2024, yet up 18.1% from April 2025, marking the strongest sales since last May 

• Active listings: 3,716 at month’s end—an 11.3% year-over-year increase and 8.5% rise from April, representing the highest new listing volume since May 2008

🏘️ Price Trends

• Single‑family homes (Victoria Core benchmark): $1,326,600—up 1.3% YoY, slightly down from April’s $1,345,200.

• Condos: Benchmark at $564,100—down 0.9% YoY and a tad from April’s $566,300

• Townhomes: Benchmark roughly $859,700—a 1.1% YoY dip

⚖️ Balanced Market Vibe
Our sales-to-active listings ratio now hovers in the balanced zone (14–20%), easing competition. While sellers still hold an edge, there’s more room for negotiation—less frenzy, more thoughtful moves 📊 What’s Driving This Balance?

1. More listings: Sellers are back, and inventory is robust—boosting buyer options .

2. Steady interest rates: Bank of Canada’s rate pause brings calm to financing .

3. Solid local economy: Victoria continues to benefit from strong sectors like public service, tech, education, and health care .

4. More housing stock: New builds in Langford, Colwood, Saanich, and other regions are easing pressure on resale supply

🔍 Micro‑Market Watch
Not all areas move in sync: a downtown condo behaves differently than a Saanich detached home. Local nuance matters—always.

💡 For You

• Buyers: More inventory = opportunity. Nothing forces rush offers – you can shop smart.

• Sellers: Well-priced, staged homes are still moving well. This market rewards preparation and presentation.

In Summary

June 2025 in Victoria brings a balanced market: healthy sales, rising inventory, stable pricing, and a steady economic backdrop. It’s not a seller's frenzy, nor a buyer's slump—it’s a chance for both sides to act deliberately.

Buying a home is exciting, but before you jump in, it’s essential to ask the right questions. These 5 questions can help you make a smart, informed decision:

1. Why is the seller moving?
   Understanding their motivation can give you leverage during negotiations. Are they relocating for work? Downsizing? Timing may impact their willingness to negotiate.

2. What is the neighborhood like?
   Drive through the area at different times of the day to get a feel for traffic, noise, and the community vibe.

3. How old are the major systems and appliances?
   Knowing the age of the roof, HVAC, plumbing, and appliances can help you plan for future expenses.

4. Are there any restrictions or HOA rules?
   If the home is in a neighborhood with an HOA, be sure to review the rules, fees, and restrictions.

5. What are the average utility costs?
   High monthly bills can impact your overall budget, so it’s a good idea to ask about typical utility costs.

Buying a home is one of the biggest decisions you’ll make—having a trusted agent by your side makes all the difference. Let’s work together to find your dream home!