Victoria's real estate market in the month of May was positive for consumers on both sides of the transaction. 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.
There were 3,716 active listings for sale at the end of May 2025, an increase of 8.5% compared to the previous month of April and an 11.3% increase from the 3,338 active listings for sale at the end of May 2024, but we also saw condo sales decreased by 6% from May 2024.
The past month we saw the highest total sales that we've seen since May 2024, which was the peak month last year. We've also tracked the highest number of new listings incoming since May 2008, which helped to keep the market balanced. It is important to remember that our housing market is made up of many micro markets, and if you are shopping for a downtown condo your experience and strategy is going to be much different than someone who is shopping for a suburban detached home.
There were 3,716 active listings for sale at the end of May 2025, an increase of 8.5% compared to the previous month of April and an 11.3% increase from the 3,338 active listings for sale at the end of May 2024, but we also saw condo sales decreased by 6% from May 2024.
The past month we saw the highest total sales that we've seen since May 2024, which was the peak month last year. We've also tracked the highest number of new listings incoming since May 2008, which helped to keep the market balanced. It is important to remember that our housing market is made up of many micro markets, and if you are shopping for a downtown condo your experience and strategy is going to be much different than someone who is shopping for a suburban detached home.