June Real Estate Update

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.