The Okanagan housing market entered the fall season with impressive strength in September 2025. Both the Central and North Okanagan recorded substantial year-over-year gains in sales and overall dollar volume. The Central Okanagan led with sharp increases in units sold and transaction value, while the North Okanagan also posted notable growth in both measures.
Central Okanagan Overview
September data reflected a very active market. Sales surged compared to the previous year, and although active listings dipped slightly, available inventory remained sufficient to give buyers healthy choice across property types.
Market Statistics
New Listings: 1,113 (↑ 4.21% YoY)
Units Sold: 398 (↑ 39.16%)
Sales Volume: $346.8 M (↑ 58.91%)
List-to-Sell Ratio: 95.45% (vs. 95.95% last year)
Days to Sell: 78 (↑ from 66 days in 2024)
Active Listings: 4,180 (↓ 1.18%)
By Property Type:
Single-Family Homes: 157 sales | Avg $1,060,499 | Med $925,000 | 1,452 active
Condos & Apartments: 102 sales | Avg $501,619 | Med $436,250 | 831 active
Townhomes: 54 sales | Avg $845,372 | Med $733,750 | 427 active
Analysis: Sales volume and transaction count rose sharply, showing strong buyer confidence. Slightly lower inventory signals demand outpacing new supply, while pricing consistency demonstrates continued market stability.
Absorption Rate: 9.52% (≈ 10.5 months of supply) — a buyer-favoured but active market.
North Okanagan Overview
The North Okanagan mirrored this positive trend, with strong year-over-year growth in both sales and volume. Homes took longer to sell, but higher listing counts provided balance to the elevated demand.
Market Statistics
New Listings: 329 (↑ 24.62% YoY)
Units Sold: 180 (↑ 65.14%)
Sales Volume: $119.6 M (↑ 44.67%)
List-to-Sell Ratio: 94.95% (↓ from 96.77%)
Days to Sell: 84 (↑ from 74 days in 2024)
Active Listings: 1,550 (↑ 3.06%)
By Property Type:
Single-Family Homes: 82 sales | Avg $789,641 | Med $732,500 | 470 active
Condos & Apartments: 18 sales | Avg $330,594 | Med $303,950 | 82 active
Townhomes: 21 sales | Avg $545,595 | Med $495,000 | 144 active
Analysis: The 65% increase in unit sales paired with a 45% gain in sales volume highlights strong momentum. Longer listing times and a modest dip in the list-to-sell ratio point to a gradually normalizing, balanced market.
Absorption Rate: 11.61% (≈ 8.6 months of supply) — a buyer’s market showing improving sales velocity.
Month-to-Month Comparison (June vs. July 2025)
Central Okanagan:
Listings ↑ .67% | Sales ↑ 4.2% | Volume ↑ 13.2%
Days to sell ↑ to 78 (from 65)
Active listings ↓ slightly (-3.6%)
North Okanagan:
Listings ↓ 3.2% | Sales ↓ 2.7%
Sales volume ↓ 13.3%
Days to sell ↑ to 84 (from 76)
Active listings ↓ (-5.2%)
Market Outlook
Buyers: Ample selection remains across both markets, though attractive properties are moving quickly.
Sellers: Healthy demand supports activity, but strategic pricing is essential amid steady supply.
Investors: Central Okanagan’s large volume and the North’s accelerating growth both signal solid medium-term potential.
Conclusion:
September 2025 marked a strong start to the fall season in the Okanagan. Year-over-year gains in both transactions and value point to renewed market confidence. However, absorption rates confirm conditions still lean toward buyers, providing opportunity for those ready to act while encouraging realistic pricing among sellers.