The Okanagan Mainline Real Estate Board (OMREB) reports sales in the Central Okanagan increased by 31% in January while new inventory increased only slightly, by 12%, compared to this month last year. The market remains strong and shows a consistent 97% list/sell ratio.
"The Okanagan continues to be in a Seller's Market meaning there are more buyers than inventory. Listings are selling quick and more inventory is needed - so now is a great time to to look at listing your home," states Grant Waidman, Kelowna REALTOR®.
Key Single Family Residential Market Stats for the Central Okanagan:
- 250 new listings
- 143 sold listings
- 75 average days to sell
- $699,352 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