We are finally into spring! Sales were up from March, but activity in April was most likely impacted by events well beyond our immediate real estate market. Political uncertainty associated with the federal election, combined with broader economic concerns stemming from the United States tempered our brisk spring market growth, but despite these external factors, the Victoria market demonstrated continued stability, as evidenced by flat price growth and steady inventory levels.
There were 3,425 active listings for sale at the end of April 2025, an increase of 13.3% compared to the previous month of March and a 13.5% increase from the 3,017 active listings for sale at the end of April 2024.
The good news is we remain in that sweet spot of inventory, which we currently find is between 3,000 and 4,000 listings. This amount of inventory ensures that overall demand can be met and pressure on pricing is lessened. It also means consumers have more time to compare options, make plans, and evaluate their decisions. That said, activity is not the same across all areas or property types. Currently, single family homes in certain price ranges are in demand and may see multiple offers, while there is a larger supply of condos waiting for buyers.