The Okanagan Mainline Real Estate Board (OMREB) reports 542 new residential listings have been posted to the Multiple Listing Service (MLS®) for the Central Okanagan in November - an increase of nearly 12% over this time last year.
Grant Waidman, Kelowna REALTOR®, notes "While inventory has increased over what we've seen in the past November listings are still selling quick and more inventory is needed." Grant Waidman confirms the Okanagan is still experiencing a Seller's Market and has seen increases this past month in the average selling price across all residential categories (i.e. detached, condo, townhome).
Key Single Family Residential Market Stats for the Central Okanagan:
- 270 new listings
- 189 sold listings
- 50 average days to sell
- $674,598 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 atwww.gwgkelowna.com/sell-with-gwg