The Victoria Real Estate Board has released their statistics for the month of July. The following is an excerpt from their press release.
A total of 673 properties were sold in the Victoria Real Estate Board region this July, 1 per cent fewer than the 680 properties sold in July 2025 and 6.4 per cent fewer than sold in June 2026. Sales of condominiums decreased by 7.1 per cent from July 2025, with 209 units sold. Sales of single family homes increased by 4.1 per cent from July 2025, with 331 sold.
“It was a solid month for sales,” said Victoria Real Estate Board Chair Fergus Kyne. “We ended the month above the five-year average for number of sales in a July. What’s different about this market is the availability of inventory, and how the generous number of homes for sale impact both the seller and buyer experience. Buyers are taking more time to make decisions because of all the options available. Some buyers may even feel overwhelmed as they navigate a market with so much choice. If you’re shopping for homes right now, your REALTOR® can help explore the properties that have the best current and future potential, identify where smart compromises may be made, and focus on what features matter the most.”
There were 3,847 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of July 2026, a decrease of 5.1 per cent compared to the previous month of June and a 3.9 per cent increase from the 3,703 active listings for sale at the end of July 2025.
This chart tracks the ratio of total residential sales over total active residential listings at month-end for each of the last 25 months.
The active listing count and the sales count can be viewed as indicators of housing supply and demand respectively. Observing the ratio between them can thus help indicate a "buyers' market", where there is sustained downward pressure on prices, and a "sellers' market", where there is sustained upward pressure on prices.
- below 17%, there is downward pressure on prices (buyers' market)
- above 28%, there is upward pressure on prices (sellers' market)
- in the 17-28% range, there is little pressure on prices either way (balanced market)