Kelowna Real Estate Market Stats - May 2018

(June 18, 2018 )

The Okanagan Mainline Real Estate Board (OMREB) reports sales were down by 30% in the Central Okanagan this past month compared to May 2017.  In addition the statistics show there was a 23% increase in the number of active listings in the region and a 9.7% increase in the number of new listings taken this May vs. May 2017.

"While the Okanagan still shows signs of a Seller's Market for this past month we are seeing activity slow and it is likely this market will balance soon," states Grant Waidman, Kelowna REALTOR®. 

Kelowna Real Estate Market Statistics

Key Single Family Residential Market Stats for the Central Okanagan:
  • 587 new listings
  • 240 sold listings
  • 46 average days to sell
  • $723,247 average single family residential price  
If you are looking to buy in the Okanagan be sure to browse all the current listings and subscribe for new listing notifications at https://www.gwgkelowna.com/kelowna-homes-for-sale

If you are looking to sell in the Okanagan now is a great time!  Learn more on how GWG can help sell your home quicker and for more money at www.gwgkelowna.com/sell-with-gwg 

Kelowna Real Estate Market Statistics  Kelowna Real Estate Market Statistics

Kelowna Real Estate Market Statistics  Kelowna Real Estate Market Statistics