Central Okanagan | Residential Real Estate Stats | Nov 25 –  Dec 1

Kelowna Housing Market Shows Resilience Amid Slower Sales and Modest Price Gains.

The residential real estate market in Kelowna is stabilizing with moderate growth in prices, with a median list price nearing $974,000. Sales activity has slowed, reflective of broader economic conditions and rising interest rates. Inventory levels have decreased, dropping approximately 11% month-over-month, contributing to upward pressure on prices. Homes are taking longer to sell, averaging 72 days on the market.

 

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