The Okanagan Mainline Real Estate Board (OMREB) reports sales in the Central Okanagan were down by 9% compared to this month last year, however, the market remains strong and continues to show a 97% list/sell ratio.
"The Okanagan continues to be in a Seller's Market meaning there are more buyers than inventory. While we see signs of the market starting to normalize listings are still selling and more inventory is needed," states Grant Waidman, Kelowna REALTOR®.
Key Single Family Residential Market Stats for the Central Okanagan:
- 505 new listings
- 225 sold listings
- 50 average days to sell
- $726,926 average single family residential price
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