Okanagan Real Estate Market Update – June 2025: Balanced Momentum & Summer Opportunity
If you've been watching the real estate market in the Interior region of BC, June 2025 delivered a mix of optimism and complexity. From the lakes of the Shuswap to the vineyards of the South Okanagan, the numbers are in—and they show a market that’s regaining its stride while offering opportunities for buyers and sellers alike.
Strong Summer Sales Across the Board
Across all zones covered by the Association of Interior REALTORS®, residential sales in June totalled 1,494 units, representing an 8.5% increase compared to the same time last year. Dollar volume surged even higher, up 11.3% to over $1 billion, indicating a steady return of buyer confidence and increased competition for quality listings.
-
Central Okanagan led the charge with 418 sales, up 6.1%, and a dollar volume of $360.8 million.
-
Shuswap/Revelstoke saw the most dramatic spike with sales jumping 18.0%.
-
Even traditionally quieter areas like South Peace River posted impressive gains, with sales up a whopping 64.5%.
Benchmark Prices: Stability with Regional Peaks
While overall home prices held relatively steady, several communities showed moderate to strong gains:
-
In South Okanagan, the benchmark price for a single-family home stood at $782,800, relatively unchanged year-over-year.
-
Central Okanagan saw prices averaging around $784,100, while properties in North Okanagan reached $735,000.
-
Shuswap and Revelstoke markets ranged from $691,500 to $834,700, with homes in areas like Blind Bay and SE Salmon Arm seeing double-digit growth in sales volume.
Notably, areas like East Hill (North Okanagan) and SE Salmon Arm posted some of the largest sales increases, reflecting growing buyer interest in more rural, lifestyle-focused locations.
South Okanagan Snapshot
Looking specifically at South Okanagan, the sales pace was steady, up 4.7% compared to last June, with 178 homes sold. Inventory increased slightly, and buyers were active in markets like:
-
Penticton’s Main North, where sales more than doubled with a 116.7% increase.
-
Osoyoos, showing a 50% rise in detached home sales and healthy price growth.
-
Oliver, which recorded an 83.3% increase in single-family home sales.
However, some locations like Wiltse/Valleyview and Husula/West Bench saw fewer transactions, suggesting sellers may need to be more strategic on pricing and presentation in these sub-markets.
Days on Market & Inventory Trends
One telling stat: many homes are selling faster than a year ago. In Central Okanagan, the average days on market for single-family homes was around 51 days, with similar patterns across townhomes and condos.
Inventory continues to climb modestly in most regions—up 5.6% overall—providing some relief for buyers who struggled with limited options during the past two years.
Sales & Pricing Over Time
A look at the Home Price Index from the Interior REALTORS' Graph-2 document shows relatively stable prices since 2023, with a slight dip in early 2024 followed by a return to the mid-$700K range as of June 2025. This suggests we’re in a more balanced market compared to the rapid price acceleration seen in earlier pandemic years.
What This Means for Buyers & Sellers
Buyers:
This summer presents an opportune window—especially for those targeting emerging markets like Shuswap or the outer reaches of South Okanagan. With more listings and steadier prices, there’s room to negotiate without the bidding wars of the past.
Sellers:
Well-priced homes are moving—especially in neighborhoods with lifestyle appeal. Investing in staging, digital marketing, and professional photography can make your property stand out in this active but competitive market.
Thinking of making a move?
Whether you're looking to relocate, invest, or upgrade your home, staying informed on the latest trends is key. Let’s talk strategy and timing—because real estate isn’t just about numbers, it’s about knowing when to act.
VIP Buyers Get Priority Access
Become a VIP Buyer & Get Priority Access to the Best Properties BEFORE Other Buyers. Call 250-492-1011 or Click Here to get started.