Kelowna Real Estate Market Update: What December 2024 Taught Us
Posted by Gillian Krol Personal Real Estate Corporation on
Kelowna Market Update
As 2024 wrapped up, the Kelowna real estate market showed clear signs of stability, setting the stage for a potentially balanced and opportunity-filled 2025. Here’s a closer look at what the latest data means for buyers and sellers—and how you can take advantage of these trends.
What December's Numbers Say
- Sales Activity: December saw 716 residential sales across the region—a typical seasonal dip from November but a remarkable 30.7% increase compared to December 2023.
- Inventory Growth: New listings rose by 7.9% year-over-year, with 928 properties added in December. Active inventory jumped 14.1%, offering buyers more options than we’ve seen in years.
- Price Shifts:
- Single-family homes showed steady price growth…
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