INFOGRAPHICS: May 2025 VREB Victoria Market Reports

A stable real estate market trend continues in Victoria, BC

A total of 758 properties sold in the Victoria Real Estate Board region this May, 0.7 per cent fewer than the 763 properties sold in May 2024 but 18.1 per cent more than in April 2025. Sales of condominiums decreased by 6 per cent from May 2024 with 221 units sold. Sales of single family homes increased by 0.5 per cent from May 2024 with 401 sold.

“Victoria’s real estate market in the month of May was positive for consumers on both sides of the transaction,” said 2025 Victoria Real Estate Board Chair Dirk VanderWal. “Ample inventory coming to market outpaced brisk sales, which provided a consistent amount of choice and eased competition on high-demand properties. More balanced market conditions were supported by stability both in prices and in interest rates. The May market was resilient, and that steady pace is a little boring to report on but has been much more comfortable for buyers and sellers to navigate than markets we’ve seen in past years.”

Read the full report on VREB website!

The following data is a comparison between May 2025 and May 2024 numbers, and is current as of June 2025. Click here to check out last month’s figures!

You can also follow this link for all our Victoria Board monthly infographics!

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