In this month's report, Darcy Nyrose recaps the Kelowna real estate market activity for June 2022, looks at the trends and what we can expect to see as we head into summer, and discusses why we're starting to see more homes hit the market.
Condo inventory is on the rise. There are 30% more condos on the market than last June and 35% more than last month. Sales have slowed down, and the average price has dropped slightly over last month but is still up over last year.
We're seeing a big rise in townhome inventory. There are 80% more townhomes on the market over June of 2021, and 36% more than last month. Sales have slowed down which has resulted in a slight dip in price over last month, but average sale price is still up over last year.
There are more single family homes to select from. Inventory is up 87% over June 2021 and 21% over last month. The sales volume has slowed down; however, pricing is still up over last month and last year.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!