Victoria Real Estate Market Remains Stable Despite Economic Uncertainty
The economic uncertainty brought on by US tariffs has produced a landscape of economic uncertainty, but Victoria home buyers and sellers have remained resilient. The total of 613 properties sold in the Victoria Real Estate Board region in March is 4% more than March of last year and 16% better than last month. Leading the charge were condominiums, which sold 14% more volume than this time last year.
When asked about these times of economic uncertainty, 2025 Victoria Real Estate Board Chair Dirk VanderWal said, “In spite of this, our market remains as it has in recent months – stable and balanced”. The housing market inventory is also at a healthy level of around 3,000 listings, indicating strong selection for buyers and not much fluctuation when it comes to price.
Victoria Real Estate Stats for Condos and Apartments in March 2025
Sales of condos and apartments picked up in March, as the real estate inventory in Victoria inched towards a seller’s market. With a 42% sell to list-ratio, there were an extra 25 units sold compared to March of last year, representing a 14% jump. Days to sell remained unchanged, but the average price also crept up by 2%.
Victoria Real Estate Stats for Single Family Homes in March 2025
The market for single family homes in Victoria is has been slightly less busy, but homes are moving for higher prices. While the total number of units in March of 2025 slipped 4%, the average selling price increased by a solid 5%, or around $58,000. Homebuyers have been a bit more eager as well, with the average days to sell moving from 33 last year to 29 this year.
Victoria Real Estate Stats for Townhomes and Duplexes in March 2025
The townhome and duplex market showed more stagnant results for sellers. While the housing inventory is still leaning towards a seller’s market, the average selling price of a townhome or duplex in Victoria managed to slide 2%. And with just one more unit sold than last year, the 7% longer time to sell indicates the homes aren’t moving quite as well as last year.
