When comparing June 2021 to June 2020 we're still seeing the same story we've been sharing all year: listings are down, sales are up and with that - pricing is up. But, when we compare this June to this May, we're starting to see numbers shift every so slightly. Now, Kelowna has started to open up, families were busy with end-of-school, our highschool graduates spent the month with grad activities which we didn't see last year, and overall, people were enjoying the weather, the area, and life in general. With moving into the next phase of COVID-19 restrictions and the ability to move around the province more and less restrictions, we're expecting a busy summer. We hope to see more listings come to market, but if not prices will continue to increase.
Watch as Darcy Nyrose provides some insight on the current real estate market and what happened in June 2021 and forecasts what the rest of summer will bring:
Here's your 'by the numbers' quick snapshot of what's happening in the Kelowna real estate market and across the Central Okanagan. We are seeing differences in micro-markets, so if you're looking to sell or interested in buying in a specific neighbourhood, let's chat! We can zoom right in to show you what's happening in the market-niche you're interested in.
If you're looking to buy or sell, put the experience of the Nyrose Team behind you - contact us today. We'd love to chat with you and help ensure you are in the prime position to take advantage of the current market.