Victoria Real Estate Market Reports
In March 2026, the Victoria real estate market recorded 579 sales. The market is currently balanced, with conditions favouring neither buyers nor sellers. Browse monthly VREB reports below or jump to the latest data.
By Dallas King, RE/MAX Generation | Data source: Victoria Real Estate Board
Frequently Asked Questions
What is the sales-to-active ratio (S/A ratio)?
The sales-to-active ratio measures market balance by dividing total monthly sales by total active listings. Below 12% generally indicates a buyer's market (more supply than demand), 12-20% suggests a balanced market, and above 20% indicates a seller's market (more demand than supply). Source: Victoria Real Estate Board (VREB).
Where does the data in these reports come from?
All data is sourced from the Victoria Real Estate Board (VREB) official monthly statistics releases. VREB publishes aggregate market data including sales volumes, active listings, benchmark prices, and median days on market. For official statistics, visit vreb.org.
What is a benchmark price?
The MLS Home Price Index (HPI) benchmark price represents a "typical" home in a given area and property type. Unlike average or median prices, benchmark prices adjust for changes in the mix of homes sold each month, providing a more accurate measure of how property values are changing over time. Source: CREA/VREB MLS HPI methodology.
How often are new market reports published?
New reports are published monthly, typically within the first two weeks after the Victoria Real Estate Board releases its official statistics for the previous month. Each report includes interactive charts and analysis of sales trends, listing inventory, and benchmark prices by area.
What geographic areas do these reports cover?
These reports cover the Victoria Real Estate Board (VREB) jurisdiction, which includes Greater Victoria and surrounding areas on southern Vancouver Island: Victoria, Saanich East, Saanich West, Oak Bay, Esquimalt, View Royal, Colwood, Langford, Sooke, Metchosin, Highlands, Central Saanich, North Saanich, Sidney, and the Gulf Islands.
For a summary of current market conditions, prices, and trends, see our Victoria real estate market 2026 overview.
For a full breakdown of days on market by neighbourhood and property type, see our how long to sell guide.