The month of July we are seeing an uptick from this time last year in four metrics in the South Okanagan. Units sold up 8.3% to 182, volume up 8.9% to $122.7M, active listings up a whopping 36.9% to 1,531 and new listings up slightly 0.8% to 361. It's still a buyers market and an anticipation of the Bank of Canada lowering interest rates, this coul...
As we head into summer, we note a continued trend in 2024 showcasing a reduced number of sales and an increased number of listings when compared to the stats of June 2023. The interesting marker is the relatively stable New Listings category which indicates that the abundance of listings on the market are those that have not sold and remain availab...
Springing into June, we welcome a surge of the real estate market as we experience a continuation of the listing heavy environment. On average, we are seeing a 50.3% increase in inventory of listings in May of 2024 compared to May of 2023 and buyers will benefit in this climate. The days to sell is ranging from 40 - 65 days however condo style prop...
