October showed a noticeable pickup in sales activity, even as we move into the fall season. While new listings dropped 27% from last month — bringing total active listings to 3,286 — buyer confidence remained steady, with 610 homes sold. Serious buyers are still out there; they’re just taking a bit more time to decide, with the average days to sell holding at 52.
Prices for single-family homes climbed slightly to $1.37 million, while townhomes and condos softened a touch, averaging $817K and $612K respectively. Overall inventory sits at 5.4 months, suggesting a balanced market that continues to favour buyers in some segments but remains stable for sellers who price strategically.
What stands out this month is how Victoria continues to outperform many parts of Vancouver and the Lower Mainland — both in market stability and buyer demand. Our region remains a strong, desirable market with consistent activity and steady values.