Your home is worth what a buyer will pay for it today. Last year’s sale prices are history. The market has softened. According to the Victoria Real Estate Board, the Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in January 2026 was **$1,265,500** — down 2.5% from January 2025’s benchmark of $1,297,300 . Condos benchmark at **$537,800** — down about 1.5% from $545,900 a year prior . Your specific neighbourhood, property condition, and home type will move that number up or down. Get a current Comparative Market Analysis (CMA) from a local realtor before you set any expectations.

**February 2026 Update:** The market showed signs of stabilization, with the single-family benchmark rebounding to **$1,307,400** — up from January’s $1,265,500, though still down 0.9% year-over-year . Condos similarly recovered to **$545,600** in February, up from January’s dip but still down 0.7% from February 2025 . This suggests pricing is finding a floor, but don’t expect a return to 2021-2022 peaks.

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Thinking of selling? Work with Dale Sheppard to sell your home.