Posted on
March 11, 2026
by
Cheryl Barnes
Victoria Real Estate Market Update – February 2026
The Victoria real estate market saw a noticeable increase in activity in February as the market begins to move toward the spring season.
A total of 465 properties sold in the Victoria Real Estate Board (VREB) region in February 2026, which represents an 11.9% decrease compared to February 2025, when 528 properties sold. However, sales were up significantly month-over-month, increasing 37.2% from January 2026.
Breaking the numbers down by property type:
Single-family homes: 206 sold, down 12% from February 2025
Condominiums: 154 sold, down 19.8% from February 2025
Despite the year-over-year decline, February showed clear momentum building compared to the slower start in January.
According to Victoria Real Estate Board Chair Fergus Kyne, the increase in activity suggests the market may be finding its balance.
“February’s sales definitely picked up the pace compared with sales from the previous month,” Kyne noted. “Though our sales numbers are lower than they were in 2025, with an over 35% increase month over month and a very healthy amount of inventory currently available, it will be interesting to see how our spring market unfolds in the upcoming months.”
Inventory Levels Continue to Rise
At the end of February, there were 2,903 active listings on the Victoria Real Estate Board MLS®, which represents:
10.6% more listings than January 2026
10.4% more listings than February 2025, when there were 2,630 active listings.
This growing inventory is helping bring the market closer to balanced conditions, offering opportunities for both buyers and sellers.
Kyne added that the market appears to be stabilizing after sitting on the edge between balanced and buyer-leaning conditions earlier this year.
“When the market is in balance, it means excellent opportunities exist for buyers and sellers. If you’ve been waiting for the spring to start your home sale or search, now is a great time to connect with a local Victoria REALTOR® to begin planning.”
Victoria Home Prices
The MLS® Home Price Index benchmark value for a single-family home in the Victoria Core area in February 2026 was $1,307,400, representing:
a 0.9% decrease from February 2025
an increase from January 2026, when the benchmark price was $1,265,500
For condominiums, the benchmark price in February 2026 was $545,600, which represents:
What This Means for Buyers and Sellers
While sales are slightly lower compared to last year, the increase in listings and the jump in monthly sales activity suggest the market is becoming more balanced as we move into the spring market.
For buyers, higher inventory levels mean more choice and less competition than we saw during the peak years. For sellers, stable pricing and improving activity levels still create strong opportunities when a home is properly prepared and marketed.
As we head into the traditionally busy spring market, it will be interesting to see how inventory, buyer demand, and interest rates shape the coming months in the Victoria real estate market.
