What’s Happening on the Ground
September in Victoria delivered a balanced, steady real estate market. Activity softened compared to spring highs, but the inventory base remains solid, giving buyers more room to evaluate and sellers more time to prepare. The market is settling into a more measured autumn rhythm—less pressure, more deliberation.
September 2025 Market Overview
Active Listings: 3,694 Total Properties Sold: 554
Inventory ticked up ~2.6% from August, and is ~9.9% higher than one year ago. This broader supply gives buyers options and slack in decision making. Sales were down ~3% compared to September 2024, but up modestly over August — a sign of stabilized activity after late-summer plateaus.
Single‑Family Homes: 289 sold
A solid increase (~6.3% year-over-year), highlighting ongoing strength in detached home demand.
Townhouses: 72 sold
Slight decline from last year, but demand remains solid, particularly for well-priced options in desirable locations.
Condominiums: 154 sold
This segment was softer, down ~18.5% year-over-year, suggesting more supply relative to demand in that market niche
Benchmark Price – Single Family Homes (Victoria Core): $1,294,800
Up ~1.2% from September 2024, but down from August’s peak, indicating a mild cooling or seasonal adjustment.
Benchmark Price – Townhouses (Victoria Core): $854,300
Stable to slightly upward, reflecting steady buyer appetite for these mid-tier options.
Benchmark Price – Condos (Victoria Core): $551,300
Down ~1.1% year-over-year, reflecting moderate softness in condo pricing.
What This Means for You
Thinking of selling?
Your timing is good — the market is balanced but not oversaturated. To compete, focus on correct pricing, strong presentation, and staging. Well-prepared homes in desirable areas will stand out more now than ever.
Looking to buy?
This is a relatively favorable window. With less aggressive competition and more listings, especially in the condo segment, you have more flexibility to make a thoughtful decision without being rushed..
Investors & Developers?
Detached homes are proving resilient, while condos are showing signs of downward pressure. Well-located condo or townhome projects might offer buying or repositioning opportunities. Entering now, ahead of fall momentum, could be advantageous.