Introduction
The Victoria real estate market August 2025 closed out the summer season with steady conditions, reflecting a quieter pace typical for this time of year. Sales slowed compared to both July and August 2024, but prices remained relatively stable, and inventory levels offered buyers and sellers more room to plan their next move. Whether you’re considering selling this fall or exploring your options as a buyer, the latest data provides important context for decision-making.
Sales Activity: Fewer Deals, Seasonal Slowdown
A total of 525 properties sold in August 2025, representing a 3.7% decrease from the 545 sales in August 2024 and a 22.8% decline from July 2025.
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Condominiums: 152 sales (–16% year-over-year)
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Single-family homes: 268 sales (+6.3% year-over-year)
This split indicates that while condo demand softened, single-family homes continued to see solid activity. Families returning from summer vacations and preparing for back-to-school likely contributed to the reduced pace, a pattern that aligns with long-standing seasonal trends.
Inventory: More Options for Buyers
At the end of August 2025, the Victoria Real Estate Board reported 3,600 active listings, a 2.8% drop compared to July but still a 12.8% increase from the 3,191 listings available in August 2024.
This increase in year-over-year inventory signals a healthier, more balanced market. Buyers now have more opportunities to evaluate properties without the intense bidding wars that characterized Victoria’s real estate market five years ago.
Prices: Stability With Slight Adjustments
Price stability has been a defining feature of the Victoria real estate market in August 2025. Benchmark values shifted only slightly:
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Single-family homes (Victoria Core): $1,308,100 (+1.6% from August 2024, but down from July’s $1,338,800)
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Condominiums (Victoria Core): $551,300 (–1.4% from August 2024, down from July’s $563,300)
These modest movements suggest that buyers and sellers alike are adjusting to stable interest rates and improved supply, rather than reacting to rapid price escalation.
What the Experts Say
“August was a quiet but steady month,” noted Victoria Real Estate Board Chair Dirk VanderWal. He explained that many families pause buying and selling decisions to focus on vacations and back-to-school planning. As a result, sellers often use August to prepare their homes for the upcoming fall market.
Chair VanderWal added that the current environment, stable rates, improved availability, and more measured decision-making, is a healthier pace for consumers:
“The current market allows buyers and sellers more time to review their options, evaluate properties, and is more supportive of planning and decision making, all of which are helpful when you’re making one of the biggest financial decisions you’ll make in your lifetime.”
Market Insights for Buyers
For buyers, the Victoria real estate market August 2025 represents an opportunity to act strategically:
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More inventory: With listings up nearly 13% year-over-year, buyers have more choices across neighbourhoods.
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Less urgency: Stable conditions mean you don’t need to make split-second decisions.
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Negotiation potential: Softer condo demand may provide leverage for buyers in that segment.
Internal link: Buyers can also review Brad’s First-Time Buyer Guide for tips on navigating the market.
Market Insights for Sellers
Sellers in August faced a slower pace but also benefitted from stability:
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Single-family homes saw a healthy 6.3% increase in sales compared to August 2024.
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Stable pricing means realistic listings are still moving.
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Preparing for the busier fall market is a smart strategy for homeowners.
Brad advises clients to consider small updates; painting, staging, and decluttering to ensure listings stand out when buyer activity ramps up.
The Fall 2025 Outlook
Looking ahead, September and October typically bring a rebound in sales as families return to routines. The combination of stable prices, healthy inventory, and seasonal momentum suggests a balanced fall market.
Key themes to watch:
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Whether condo demand rebounds after August’s dip
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How buyers respond to rising inventory
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Continued price stabilization in both single-family and condo markets
Outbound link: For further context, review the Victoria Real Estate Board Market Statistics.
Conclusion
The Victoria real estate market August 2025 may have been quieter, but it remained steady, balanced, and supportive of both buyers and sellers. With more inventory available and prices holding firm, the market is positioned for a busier fall season.
If you’re considering making a move, now is the time to prepare. Connect with Brad Maclaren Real Estate for expert insight and a tailored strategy to help you buy or sell confidently in Victoria’s evolving market.