Victoria Real Estate Board

Market Conditions


Single Family

Months of inventory for single-family homes numbered 4 at the end of the second quarter of 2025, down slightly from the 4.5 months recorded at the end of the second quarter of 2024.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a tighter market, single-family homes spent the same amount of time on the market in the second quarter of 2025 as they had a year earlier.

The median number of days on market for sold single-family homes was 23 in the second quarter of 2025, unchanged from 23 days in the second quarter of 2024.


Townhouse/row

Months of inventory for townhouse and row units numbered 4.5 at the end of the second quarter of 2025, up from the 3.2 months recorded at the end of the second quarter of 2024.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a more balanced market, townhouse and row units spent less time on the market in the second quarter of 2025 than they had a year earlier.

The median number of days on market for sold townhouse and row units was 22 in the second quarter of 2025, down slightly from 25.5 days in the second quarter of 2024.



Condominium

Months of inventory for condominium units numbered 3.8 at the end of the second quarter of 2025, down slightly from the 4.2 months recorded at the end of the second quarter of 2024.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Despite a tighter market, condominium units spent more time on the market in the second quarter of 2025 than they had a year earlier.

The median number of days on market for sold condominium units was 28 in the second quarter of 2025, up slightly from 23 days in the second quarter of 2024.



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