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Home » Kelowna Real Estate Stats - Market Update - Here's What Happened in May 2023

Kelowna Real Estate Stats - Market Update - Here's What Happened in May 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose

June 1, 2023

Great news is that this spring we're seeing a more balanced market which is better for everyone. A balanced market is one where there is approximately 4-6 months of inventory and it's great to see all home categories in the Central Okanagan moving toward more balance between sellers and buyers.

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Kelowna Real Estate Market By The Numbers

Kelowna Condo Real Estate Market Stats - May 2023

There's more condo inventory on the market than last spring, but sales are down slightly over last year. Pricing remains relatively steady over last year (1% increase), but is up 7% over last month.

Kelowna Townhome Real Estate Market Stats - April 2023

Although there is 24% more townhome inventory than last year, we saw less homes hit the market when compared to March and April of this year. Townhome sales are up 37% over last month and pricing remains fairly steady.

Kelowna Single Family Home Real Estate Market Stats - April 2023

Single family home inventory is up over last month and last year, but sales numbers are still down. The average price of a single family home has also dropped slightly over last month and 14% over this time last year.


If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today! 

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