Summer Brings Opportunity for Buyers and Sellers
As we move into the summer real estate market, we're beginning to see the seasonal shift that typically follows a busy spring. Sales activity has started to level off, buyers have more choice than they've had in years, and inventory continues to hold at healthy levels.
While the market isn't moving at the fast pace we experienced during the pandemic years, that's not necessarily a bad thing. Today's balanced conditions create opportunities for both buyers and sellers, as long as they approach the market with the right strategy.
📊 June by the Numbers
🏠 719 Properties Sold
📈 4,054 Active Listings
💰 Average Sale Prices
📈 June Market Snapshot
Sales were 5.5% lower than June 2025, but remained virtually unchanged from May, increasing by 0.8%.
Active listings increased to 4,054, up 7.3% compared to the same time last year.
Inventory is now at its highest level in several years, giving buyers considerably more choice than we've seen since before the pandemic.
Overall, the Greater Victoria market remains Balanced. Buyers have more time to compare properties, negotiate confidently, and complete their due diligence, while sellers who understand today's market continue to achieve successful results.
🏠 A Closer Look at the Market
🏡 Single-Family Homes
Single-family homes continue to be one of the strongest-performing segments of our market.
Sales have remained remarkably consistent, tracking closely with both last month and the long-term average. Inventory appears to be stabilizing after months of growth, reducing the amount of new competition entering the market.
Although prices have softened slightly compared to last year, demand remains healthy. Buyers continue to compete for homes that are priced appropriately and presented well.
What this means:
Well-priced detached homes continue to sell successfully, although sellers should expect the process to take a little longer than it did during the peak spring market.
🏢 Condominiums
The condo market continues to present the greatest opportunities for buyers.
Sales were down nearly 27% compared to last June, while inventory remains considerably higher than a year ago. Buyers have more options and are taking their time to compare properties before making offers.
The encouraging news for sellers is that buyers are still active, they're simply more selective. Well-priced condos are continuing to sell, while overpriced listings often sit on the market.
What this means:
Pricing has become the single biggest factor separating successful condo sales from listings that struggle to attract attention.
🏘️ Townhomes
Townhomes continue to shine as one of the strongest segments of today's market.
Many buyers see townhomes as the perfect balance between affordability, space, and lifestyle. Although inventory has increased, demand remains healthy and properly priced homes continue to attract strong interest.
With an average sale price of $889,326, townhomes remain an attractive option for families, downsizers, and buyers looking to move up from a condominium.
What this means:
Townhomes continue to provide one of the most predictable paths to a successful sale when priced correctly.
⚖️ What This Means for Buyers & Sellers
✅ For Sellers
Summer can actually be an excellent time to list your home.
Although overall sales activity naturally slows, new listings also begin to decline, meaning your property often faces less new competition than it would during the peak spring months.
Showings may become less frequent, but they're often more productive, with buyers who are serious and ready to make decisions.
Today's successful sellers focus on three key things:
✔️ Competitive pricing
✔️ Exceptional presentation
✔️ Professional marketing that reaches buyers wherever they're searching
✅ For Buyers
This continues to be one of the healthiest buying environments we've experienced in years.
✔️ More homes to choose from
✔️ More negotiating opportunities
✔️ Less pressure to make rushed decisions
✔️ More time for inspections and due diligence
However, don't mistake a balanced market for a slow one. Well-priced homes continue to sell quickly, so when the right property comes along, it's important to be ready to act confidently.
View
🔮 Looking Ahead
As we move further into summer, we'll likely see the typical seasonal slowdown in overall sales activity. At the same time, new listings often begin to taper off, helping to keep the market balanced.
Every neighbourhood and every property type continues to tell a different story. That's why local knowledge and a personalized strategy are more valuable than ever.
Whether you're buying your first home, upsizing, downsizing, or simply keeping an eye on the market, understanding today's conditions can help you make confident real estate decisions.
🔗 View the full market graphs and statistics below.
Full Details
📞 Let's Talk About Your Next Move
If you're thinking about buying, selling, or simply wondering what your home might be worth in today's market, I'd love to help.
Together, we'll create a strategy tailored specifically to your goals and today's market conditions.
📞 250-893-9185
📧 KellyG@ComeSellWithMe.ca
Thank you for taking the time to read my monthly market updates. I truly appreciate your continued support, and if you know someone thinking about buying or selling, I'd be honoured if you shared these updates with them.
Wishing you a fantastic summer, and I look forward to helping you with all of your real estate needs.
Kelly Grymaloski
REALTOR® | Coldwell Banker Oceanside
Serving Victoria, Langford, Saanich, Colwood, View Royal, Sidney, Central Saanich and surrounding communities.
