Okanagan Market Stats Summary

KELOWNA, B.C. – February 5th, 2026. Residential real estate activity in January eased off its unusually strong December pace, reports the Association of Interior REALTORS® (the Association).

A total of 623 residential unit sales were recorded across the Association region in January, down from December’s 788 units, and down 22.3% compared to units sold in January 2025.New residential listings saw a 9.5% decrease compared to January 2025 with 2,021 new listings recorded last month. The total number of active listings saw a 2.5% decrease in inventory compared to January 2025 with 6,647 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded for another consecutive month in the North Okanagan with a total increase of 0.6% compared to January last year.“

January brought a bit of a cooldown in the real estate sector after a very strong December, which aligns with typical seasonal trends, even if the dip was a bit sharper than anticipated,” says Association of Interior REALTORS® President Kadin Rainville, adding that “with prices holding relatively steady and demand still present, the market may be recalibrating rather than retreating. While some are waiting on the sidelines, the level of activity suggests this may be more about timing and economic conditions than a true shift in momentum.”

“The market is still active, just not rushing and we’ll be watching closely to see whether this is a short-term pause or part of a larger pattern,” notes Rainville.

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-regions in year-over-year comparisons with the exception of the Shuswap/Revelstoke region, which saw an increase of 1.9%, coming in at $713,000. 

The townhome housing category recorded the South Okanagan being the only region that saw an increase of 4.4% compared to the same time the previous year, coming in at $519,900. The benchmark price in the condominium housing category saw decreases in all regions compared to January 2025, with the highest decrease recorded in the North Okanagan of 2.0%, coming in at $324,800.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

KELOWNA, B.C. – January 6th, 2025 – Residential real estate activity in December tracked close to normal levels, resulting in a healthy conclusion to the year, reports the Association of Interior REALTORS® (the Association).

A total of 788 residential unit sales were recorded across the Association region in December, down from November’s 939 units, yet up 10.4% compared to units sold in December 2024.

New residential listings saw a 9.6% increase compared to December 2024 with 1,017 new listings recorded last month. The total number of active listings saw a 0.5% decrease in inventory compared to December 2024 with 6,686 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded for a third consecutive month in the North Okanagan with a total increase of 11% compared to December 2024.

“Despite navigating a year of economic shifts, policy changes, and evolving buyer and seller behavior, the residential real estate market wrapped up the year on steady ground,” says Association of Interior REALTORS® President Kadin Rainville, adding that “activity finishing within the 10-year average range reflects a market that has largely recalibrated and normalized, setting a positive and stable foundation as we move into 2026.”

“The increase in new listings will be a welcome development, providing not only more choice but also helping to foster more balanced market condition,” notes Rainville.In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-regions in year-over-year comparisons with the exception of the South Okanagan, which saw an increase of 2.7%, coming in at $743,700. The townhome housing category recorded the Central Okanagan being the only region that saw a decrease of 9.5% compared to the same time the previous year, coming in at $675,700. 

The benchmark price in the condominium housing category saw decreases of 0.2% and 1.3% in the Central and North Okanagan and the region compared to December 2024, coming in at $470,600 and $302,700 respectively.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

KELOWNA, B.C. – December 3rd, 2025 – Residential real estate activity in November slowed as the market eases into the holiday season, reports the Association of Interior REALTORS® (the Association).

A total of 939 residential unit sales were recorded across the Association region in November, down from October’s 1,274 units, and down 5.1% compared to units sold in November last year.

New residential listings saw a 6.6% decrease compared to November 2024 with 1,490 new listings recorded last month. The total number of active listings saw a 0.3% increase in inventory compared to November 2024 with 7,909 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded for a second consecutive month in the North Okanagan with a total increase of 10.9% compared to the same month last year.

“It’s common for real estate activity to ease as the holiday season nears, but November tapped the brakes a little harder than usual,” says Association of Interior REALTORS® President Kadin Rainville, adding that “that seems to be the theme across the province.”

“With many buyers and sellers focused on seasonal plans, the market continues to move, but at more of a casual stroll rather than its typical seasonal pace. However, buyers and sellers remain engaged with relatively healthy inventory levels that will provide a strong foundation heading into the new year,” notes Rainville.

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-regions in year-over-year comparisons with the exception of the South Okanagan, which saw an increase of 5.5%, coming in at $755,600. The townhome housing category recorded South Okanagan being the only region that saw an increase of 6.0% compared to the same time last year, coming in at $521,900. The benchmark pricing in the condominium housing category saw increases in all sub-regions compared to November 2024, with the highest increase of 4.6% recorded in the Shuswap/Revelstoke region, coming in at $430,300.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

KELOWNA, B.C. – November 5th, 2025 – Residential real estate activity maintained a gradual and steady pace in October despite the typical seasonal slowdown, reports the Association of Interior REALTORS® (the Association).

A total of 1,274 residential unit sales were recorded across the Association region in October, up from September’s 1,242 units, and up 5.2% compared to units sold in October last year.

New residential listings saw a 4.0% increase compared to October 2024 with 2,202 new listings recorded last month. The total number of active listings saw a 0.0% change in inventory compared to October 2024 with 8,938 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded in the North Okanagan with a total increase of 4.0% compared to the same month last year.

“Market activity for the month was steady, which is a positive sign for this time of year. Typically, we see a cooling in the market as the weather cools, but October held flat instead of dipping, which in real estate terms is a good thing,” says Association of Interior REALTORS® President Kadin Rainville, adding that “this is an encouraging indicator of buyer and seller confidence in the local real estate market.”

“Current trends indicate that the market continues to perform within the bounds of a typical year-to-date pattern in activity. It will be interesting to see if this consistency carries through to deliver a strong hand-off into the new year,” notes Rainville.

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw increases last month in all sub-regions in year-over-year comparisons with the exception of the South Okanagan, which saw a mild decrease of 0.4%, coming in at $754,700. The townhome housing category saw benchmark price decreases in all sub-regions compared to October 2024, with the highest decrease of 3.5% in the Shuswap/Revelstoke region, coming in at $529,000. The benchmark pricing in the condominium housing category recorded South Okanagan being the only region that saw a decrease of 0.5% compared to the same time last year, coming in at $430,900.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

KELOWNA, B.C. – October 3rd, 2025 – Residential real estate sales held steady in September despite the typical seasonal dip in activity, reports the Association of Interior REALTORS® (the Association).

A total of 1,242 residential unit sales were recorded across the Association region in September, down from August’s 1,319 units, yet up 17.8% compared to units sold in September last year.

New residential listings saw a 9.8% increase compared to September 2024 with 2,643 new listings recorded last month. The total number of active listings saw a 0.3% decrease in inventory compared to September 2024 with 9,853 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded in the Kamloops and District with a total increase of 9.7% compared to the same month last year.

“Real estate markets rarely move in a straight line and modest fluctuations from month to month are a normal part of the cycle. After being impacted by economic factors in the first half of the year, today’s trends reflect resilience and recovery,” says Association of Interior REALTORS® President Kadin Rainville, adding that “the fact that figures are stronger than last year, with active listings shrinking as sales climb, is an encouraging indicator that the market is gaining strength and stability.”

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw increases last month in all sub-regions in year-over-year comparisons with the exception of the North Okanagan, which saw a decrease of 1.4%, coming in at $753,500. The townhome housing category saw benchmark price decreases in the Shuswap/Revelstoke, North and South Okanagan, while the Central Okanagan region saw an increase of 1.6% compared to September 2024, coming in at $736,500. The benchmark pricing in the condominium housing category recorded South Okanagan being the only region that saw an increase of 1.7% compared to the same time last year, coming in at $421,300.

“While today’s balanced conditions may ease the sense of urgency, it’s a sign of a healthy market finding its footing, providing buyers more breathing room and allowing sellers to navigate their options with confidence, which ultimately creates a healthier environment for thoughtful decisions on both sides,” notes Rainville.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

KELOWNA, B.C. – September 4th, 2025 – Residential real estate sales held steady in August despite the typical seasonal dip in activity, reports the Association of Interior REALTORS® (the Association).

A total of 1,319 residential unit sales were recorded across the Association region in August, coming in below July’s 1,534 units, yet up 8.8% compared to units sold in August last year.

New residential listings saw a 4.2% decrease compared to August 2024 with 2,511 new listings recorded last month. The total number of active listings saw a 0.3% decrease in inventory compared to August 2024 with 10,163 recorded across the Association region. The highest percentage increase in active listings across the Association region for a second consecutive month was in North Okanagan with a total increase of 4.5% compared to the same month last year.

“Real estate activity softened toward the end of the month, which is not uncommon, when seasonal patterns and summer activities often play a role in moderating market activity. However, sales still outperformed last year’s pace, underscoring a positive trend of the last few months despite lingering economic uncertainty,” says Association of Interior REALTORS® President Kadin Rainville, adding that “it’s encouraging to see the market continuing to build momentum and signaling recovery, particularly when compared to some of the other markets across the province.”

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw increases last month in all sub-regions in year-over-year comparisons with the highest percentage increase of 3.2% seen in the Central Okanagan region, coming in at $1,050,900. The townhome housing category saw benchmark price decreases in the Central and South Okanagan, while the North Okanagan and Shuswap/Revelstoke regions saw increases of 3.0% and 1.7% compared to August 2024, coming in at $609,200 and $568,000 respectively. The benchmark pricing in the condominium housing category recorded South Okanagan being the only region that saw an increase of 1.7% compared to the same time last year, coming in at $422,900.

“Minimal fluctuations in year-over-year pricing suggests a stabilizing market, reinforcing broader recovery trends. This relative steadiness is a healthy development, as it creates a more predictable environment for both buyers and sellers,” notes Rainville.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.