Central Okanagan Real Estate

Market Update – June 2025

July is here, bringing with it everything we love about summer in the Okanagan—sunny mornings on the lake, long golden evenings, and the unmistakable energy that fills our communities this time of year. While locals are soaking up the season, the real estate market is showing signs of steady, purposeful activity.

Here’s a breakdown of how things are shaping up across different housing segments in the Central Okanagan:

Detached Homes

Sales of detached properties were up 17% compared to June 2024, a clear signal that buyers are still active and confident in this category. Prices saw a modest lift, reflecting healthy demand and competitive interest—especially for well-located, move-in-ready homes. Inventory, on the other hand, dipped slightly, which means fewer listings are competing for more buyers’ attention.

Condos

Condo sales slipped by 5% year-over-year, but prices held relatively steady. The real standout here is inventory: condo listings are up 21% compared to last June, giving buyers more choice than they’ve had in quite a while. For those looking to enter the market or downsize, this shift offers a window of opportunity.

Townhomes

Townhomes are holding strong, with sales up 9% year-over-year. Prices remain stable, and inventory has barely changed from last year—creating a well-balanced environment for both buyers and sellers.

What This Means Moving Forward

Overall, the market is finding its rhythm. Detached homes are seeing tighter supply, while condo buyers benefit from increased selection. For sellers, it’s a great time to list if your property is priced strategically—especially in sought-after neighbourhoods. And for buyers, summer often brings fresh inventory and a chance to explore options in person.

Whether you’re planning a move or simply keeping tabs on your neighbourhood, staying informed is always a smart move. If you’d like a closer look at what these trends mean for you, reach out—we’re here to help you navigate the market with clarity and confidence.

Warm regards,