Blog

Kelowna Real Estate Market Stats - June 2018

(July 13, 2018)

The Okanagan Mainline Real Estate Board (OMREB) reports residential sales across the region of Revelstoke to Peachland continued a downward trend with 799 sales, a slight drop from May but 22% lower than this time last year.


"As predicted the Okanagan has switched into a Balanced Market this past month which may stem from recent government intervention in the form of new mortgage rules, interest ra... read more.

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 mont... read more.

Kelowna Real Estate Market Stats - April 2018

(May 10, 2018)

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 mo... read more.

Kelowna Real Estate Market Stats - January 2018

(February 06, 2018)

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 mo... read more.

Kelowna Real Estate Market Stats - December 2017

(January 10, 2018)

The Okanagan Mainline Real Estate Board (OMREB) reports volumes in residential sales declined this past month as is typical for December.  Both sales and listing volumes were on-trend for this time of year, but, interestingly, average price and days on market bounced back from November


Grant Waidman, Kelowna REALTOR®, notes "The Okanagan continues to be in a Seller's Market meaning there are more bu... read more.