Kelowna Real Estate Listings | View All
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.
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.
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.
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!
