Victoria’s real estate market held a steady course this May, continuing the balanced trend we’ve been seeing throughout 2025. A total of 758 properties sold in the Victoria Real Estate Board region, just slightly below May 2024, and a significant 18.1% increase over April 2025.
What’s fueling this consistency? A healthy mix of rising inventory and stable interest rates has created a more comfortable experience for both buyers and sellers. While this market may not make dramatic headlines, it’s offering something even better: predictability.
🏡 Quick Stats for May 2025:
Total Sales: 758 (up 18.1% from April 2025; down 0.7% from May 2024)
Single-Family Home Sales: 401 (up 0.5% from last year)
Condo Sales: 221 (down 6% from last year)
Active Listings: 3,716 (up 11.3% year-over-year; highest since 2008)
Benchmark Home Price (Victoria Core):
Single Family: $1,326,600 (+1.3% from May 2024)
Condo: $564,100 (–0.9% from May 2024)
👀 If You’re a Buyer Right Now…
This may be one of the most comfortable buyer markets Victoria has seen in years. With inventory at its highest since 2008, you’ve got more options, less pressure, and better odds of negotiating terms that work for you. Prices are relatively stable, and interest rates haven’t seen major movement recently, making it easier to plan your finances long-term.
➡️ Tip: If you’ve been waiting for the right moment to re-enter the market or move up/downsize, this kind of stable, balanced market can give you an edge, especially with more listings to compare.
🏠 If You’re a Seller Right Now…
The good news? Homes are still selling, and we're seeing the highest number of monthly sales since May 2024. But with more listings hitting the market, it’s crucial to make your home stand out, both online and in person. The days of skipping prep work and getting multiple offers instantly are less common.
➡️ Tip: Pricing strategically, staging thoughtfully, and working with an agent who understands your hyper-local market will help you attract the right buyer in this more balanced environment.
Final Thoughts
As Board Chair Dirk VanderWal said, "It might be boring to report on—but this kind of market is much more comfortable for buyers and sellers to navigate than what we’ve seen in recent years."
Whether you're curious about your home's value or thinking about a summer purchase, I'm happy to walk you through what’s happening in your specific area or price point.
📩 Reach out anytime for a custom market snapshot or to talk about your next steps.
Jacqueline Ross, REALTOR®
Coldwell Banker Oceanside
(250) 415-5656
jac@yourvanislehome.com
Instagram | Facebook
Get the newsletter!
