With spring underway in Victoria, the real estate market is starting to pick up. The flowers are out, the days are getting longer, and the real estate market is waking up right alongside the season. March’s numbers just came in from the Victoria Real Estate Board — and there’s a clear story taking shape.
Sales picked up, inventory keeps building, and prices are holding steady. It’s a balanced market — not overheating, but not declining either. Here’s the full breakdown.
March 2026 by the Numbers
Greater Victoria’s market picked up real momentum in March — 579 properties sold, a 24.5% jump from February. We’re still running about 5.5% below last year’s pace, but the spring market is clearly alive. Inventory continues to grow, giving buyers and sellers a more balanced playing field.
By the numbers:
- 579 properties sold — up 24.5% from February, down 5.5% year-over-year
- 3,261 active listings — up 12.3% from February, up 7.9% year-over-year
- 1,520 new listings — continued strong supply entering the market
Benchmark prices:
- Single Family (Victoria Core): $1,330,200
- Condos: $553,800
- Townhomes: Holding steady in the mid-$800s
The bottom line: More inventory means more choice for buyers, and sellers who price well are still achieving strong sale-to-list ratios. The spring window is wide open.
What Does That Mean for You?
If you’re a buyer, this is one of the more approachable markets we’ve seen in a while — more selection and time to make decisions. If you’re a seller, serious buyers are active, and well-priced homes are still moving.
This is a thoughtful, strategy-driven market — and those tend to create the best outcomes.
What I’m Noticing Right Now
Here’s something worth noting — we’re not seeing the frenzy of a few years ago, but prices have held steady. That tells me the people buying and selling right now are serious and motivated, not speculating.
Inventory is sitting at its highest level in several years — 3,261 active listings — which means buyers have more choice than they’ve had in a long time. For sellers, that means presentation and pricing matter more than ever.
Bottom line: it’s a market that rewards patience, preparation, and good advice over panic. Whether you’re buying or selling, the fundamentals still favour those who do their homework.
Let’s Talk
Whether you’re actively looking, just keeping tabs, or starting to think about your next move, I’m always here for a no-pressure chat. Curious about your home’s value? I’m always happy to provide a no-pressure market assessment — just reach out.