The Okanagan market carried its summer strength into August, with both Central and North Okanagan posting solid year-over-year gains. The Central Okanagan recorded more sales and higher transaction values but saw a slight slowdown in selling speed, while the North Okanagan delivered strong growth in both units sold and overall volume.
Central Okanagan Overview
August data showed a busy marketplace, with sales up compared to last year. Homes took slightly longer to sell, and inventory rose modestly, keeping options open for buyers.
Market Statistics
New Listings: 1,034 (↑ 0.10% YoY)
Units Sold: 382 (↑ 12.02% YoY)
Sales Volume: $306.35M (↑ 16.07% YoY)
List-to-Sell Ratio: 96.10% (↑ from 95.07%)
Days to Sell: 65 (vs. 63 last year)
Active Listings: 4,335 (↑ 3.41% YoY)
By Property Type:
Single-Family Homes: 157 sales | Avg. $1,097,131 | Median $950,000 | 1,497 active listings
Condos/Apartments: 101 sales | Avg. $458,781 | Median $420,000 | 893 active listings
Townhouses: 47 sales | Avg. $699,379 | Median $650,000 | 423 active listings
Analysis: Sales rose 12% while inventory growth ensured selection stayed strong. Prices remained steady and competitive, reflected in the consistent list-to-sell ratio.
Absorption Rate: 8.81% → a balanced market benefiting both buyers and sellers.
North Okanagan Overview
North Okanagan activity surged in August, with sharp gains in both unit sales and total value. Homes took longer to sell, but inventory growth kept conditions balanced.
Market Statistics
New Listings: 340 (↑ 14.09% YoY)
Units Sold: 185 (↑ 21.71% YoY)
Sales Volume: $137.90M (↑ 23.95% YoY)
List-to-Sell Ratio: 95.96% (↓ from 96.83%)
Days to Sell: 76 (vs. 69 last year)
Active Listings: 1,635 (↑ 6.51% YoY)
By Property Type:
Single-Family Homes: 84 sales | Avg. $834,852 | Median $788,750 | 517 active listings
Condos/Apartments: 15 sales | Avg. $334,717 | Median $310,000 | 86 active listings
Townhouses: 26 sales | Avg. $525,817 | Median $482,450 | 137 active listings
Analysis: With sales volume up nearly 24%, demand remains strong. Longer selling times and a slightly lower list-to-sell ratio suggest a more balanced market where negotiation is possible.
Absorption Rate: 11.31% → balanced, leaning toward sellers.
Month-to-Month Comparison (June vs. July 2025)
Central Okanagan:
Listings ↓ 12.67% | Sales ↓ 20.75% | Volume ↓ 16.22%
Days to sell ↑ to 65 (from 55)
Active listings ↓ slightly (-3.26%)
North Okanagan:
Listings ↓ 13.04% | Sales ↓ 4.64%
Sales volume ↑ 4.35%
Days to sell ↑ to 76 (from 65)
Inventory stable (-1.09%)
Market Outlook
Buyers: More listings than last year mean wider choice, but faster market segments require quick action.
Sellers: Demand remains strong, but proper pricing is essential to attract offers.
Investors: Central Okanagan offers stability, while North Okanagan’s strong sales growth signals long-term opportunity.
Conclusion:
The Okanagan real estate market in August 2025 maintained summer momentum, showing clear year-over-year growth across both regions. The Central Okanagan recorded strong sales, while the North Okanagan posted standout gains in volume. As summer transitions to fall, conditions remain balanced and active, creating opportunities for buyers, sellers, and investors alike.