Looking for a Victoria BC real estate agent who actually breaks down the numbers? Here's your September 2026 Victoria BC housing market update, covering single family homes, condos and inventory across Greater Victoria, based on the Victoria Real Estate Board (VREB) statistics released October 1.The headline this month is a big one. For the first time since January 2015 (setting aside the first months of the pandemic), Greater Victoria has moved into buyer's market territory.
- Total sales: 463, down 16.4% from September 2025 (554) and down 21.7% from August 2026
- Single family sales: 239, down 17.3% year over year
- Condo sales: 137, down 11% year over year
- Active listings: 3,811, up 4.1% from August and up 3.2% from a year ago
- Single family benchmark (Victoria Core): $1,280,100, down 2% year over year
- Condo benchmark (Victoria Core): $547,800, up 1% year over year
VREB Chair Fergus Kyne summed it up: "September closed with inventory levels outpacing sales to a degree we haven't seen in many years."
After a strong summer, September looked very different. August brought 591 sales across Greater Victoria. September brought 463. Some of that is the normal fall slowdown, but sales also came in well below September 2025, so this is more than just the calendar.One month does not make a trend. I'll be watching October closely before drawing big conclusions, but the shift is real enough that both buyers and sellers should be adjusting their strategy now.
Single family homes saw the steepest drop of any segment. 239 houses sold in September, down 17.3% from a year ago. Detached buyers are taking their time, comparing carefully and negotiating harder.The Victoria Core single family benchmark came in at $1,280,100. That's down about 2% from both August ($1,301,800) and September 2025 ($1,306,500). A softening, not a slide.
For sellers: price for today's market, not last spring's. Overpriced homes are going to sit longer this fall, and the longer a home sits, the harder it is to get top dollar.
Condos were the most resilient segment this month. 137 units sold, down 11% from last September, a smaller drop than single family homes. The Victoria Core condo benchmark sits at $547,800, still up about 1% year over year even after a small dip from August's $553,600.
For first time buyers: condo prices are stable and selection is wide. Getting pre-approved now lets you shop with real leverage.
Greater Victoria ended September with 3,811 active listings, up 4.1% from August and 3.2% from a year ago. With 463 sales against that many listings, buyers have more choice than they've had in over a decade.Inventory usually drops heading into winter. If you're a qualified buyer, this fall may be your widest selection for months.
Despite the drop in sales, prices did not move sharply in either direction. Single family benchmarks softened about 2% year over year while condos edged up about 1%. Benchmarks are averages, though. What your home is worth, or what you should offer, depends on your neighbourhood, your street and your property type.
If you're buying, this is the first buyer's market Victoria has seen since early 2015. That means more choice, more room to negotiate and less competition. Get pre-approved so you can act while selection is strong.
If you're selling, you can absolutely still sell well in this market, but strategy matters more than it has in years. Accurate pricing, strong presentation and smart timing are what separate homes that sell from homes that sit.Not sure what this means for you? That's what I'm here for. Call or text me at
778-677-7387 or email
juliaismyagent@gmail.com and let's figure out your next move together.
Is Victoria BC a buyer's market right now?Yes. According to the Victoria Real Estate Board, September 2026 moved Greater Victoria into buyer's market territory for the first time since January 2015, excluding the early pandemic months. Active listings (3,811) are outpacing sales (463) by the widest margin in years.
How many homes sold in Victoria BC in September 2026?463 properties sold across Greater Victoria in September 2026, down 16.4% from September 2025. That included 239 single family homes and 137 condos.
What is the benchmark price of a house in Victoria BC?The Victoria Core single family benchmark price was $1,280,100 in September 2026, down about 2% year over year. The condo benchmark was $547,800, up about 1% year over year.
Source: Victoria Real Estate Board, September 2026 statistics (released October 1, 2026).