The Victoria Real Estate Board has released their statistics for the month of June. The following is an excerpt from their press release.

A total of 719 properties were sold in the Victoria Real Estate Board region this June, 5.5 per cent fewer than the 761 properties sold in June 2025 and 0.8 per cent more than sold in May 2026. Sales of condominiums decreased by 26.9 per cent from June 2025, with 182 units sold. Sales of single family homes decreased by 3.5 per cent from June 2025, with 388 sold.

“The second quarter of 2026 continues the trend we've been reporting over the past months as inventory levels have gradually increased and created more choice for consumers,” said Victoria Real Estate Board Chair Fergus Kyne. “Our market remains active and balanced, but we're no longer operating in the low-inventory environment that drove intense competition and pressure on pricing during the pandemic years. Today's buyers have more options and more time to make informed decisions.”

There were 4,054 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of June 2026, an increase of 0.6 per cent compared to the previous month of May and a 7.3 per cent increase from the 3,778 active listings for sale at the end of June 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)