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®.
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 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