The Okanagan real estate market maintained its momentum through October 2025, showing steady performance as the fall season advanced. Both the Central and North Okanagan regions demonstrated resilience despite modest year-over-year adjustments. The Central Okanagan saw a small decline in the number of sales but continued to post strong overall transaction values, while the North Okanagan recorded a healthy increase in unit sales.
Central Okanagan Overview
October data reflected a stable and balanced environment. Sales activity closely mirrored last year’s levels, and while inventory contracted slightly, buyers continued to enjoy a wide range of choices across price points.
Market Statistics
New Listings: 920 (↓ 3.36% YoY)
Units Sold: 386 (↓ 5.16% YoY)
Sales Volume: $345.89M (↓ 0.57% YoY)
List-to-Sell Ratio: 94.05% (vs. 95.59% last year)
Days to Sell: 76 (↑ from 69 in 2024)
Active Listings: 3,917 (↓ 0.25% YoY)
By Property Type:
Single-Family Homes: 171 sales | Avg $1,024,158 | Med $900,000 | 1,320 active
Condos & Apartments: 84 sales | Avg $474,107 | Med $429,500 | 793 active
Townhomes: 55 sales | Avg $647,279 | Med $645,000 | 430 active
Analysis: Sales and transaction values remained largely consistent year-over-year, showing that buyer demand continues to support market stability. The slight dip in the list-to-sell ratio suggests a mild shift toward buyer flexibility, though sellers remain well-positioned in most segments.
Absorption Rate: 9.86% (≈10.1 months of supply) → a buyer-leaning but active market.
North Okanagan Overview
The North Okanagan demonstrated resilience in October, achieving higher unit sales than last year even as overall dollar volume declined slightly. Inventory growth and stable selling times reflect a balanced environment supported by continued demand.
Market Statistics
New Listings: 245 (↓ 1.21% YoY)
Units Sold: 164 (↑ 6.49% YoY)
Sales Volume: $110.52M (↓ 8.44% YoY)
List-to-Sell Ratio: 93.26% (↑ from 92.75%)
Days to Sell: 85 (vs. 88 in 2024)
Active Listings: 1,424 (↑ 4.63%)
By Property Type:
Single-Family Homes: 77 sales | Avg $760,490 | Med $699,000 | 406 active
Condos & Apartments: 11 sales | Avg $348,627 | Med $300,000 | 81 active
Townhomes: 24 sales | Avg $505,429 | Med $497,000 | 127 active
Analysis: The increase in units sold demonstrates that buyer activity remains solid, even as overall transaction values shifted toward more affordable property types. Faster selling times and a stronger list-to-sell ratio indicate that the market continues to find its balance amid steady demand.
Absorption Rate: 11.52% (≈8.7 months of supply) → a buyer’s market with steady sales velocity.
Month-to-Month Comparison (June vs. July 2025)
Central Okanagan:
Listings ↓ 17.3% | Sales ↓ 3.0% | Sales Volume ↓ 0.25% | Days to sell ↓ to 76 (from 78)
Active listings ↓ 6.3%)
North Okanagan:
Listings ↓ 25.5% | Sales ↓8.9% | Sales Volume ↓ 7.3% | Days to sell ↑ to 85 (from 84)
Active listings ↓ 8.1%
Market Outlook
Buyers: Abundant inventory and softening prices create opportunities for well-informed buyers to negotiate favorable terms.
Sellers: Consistent demand continues, but strategic pricing and strong presentation remain key to attracting offers.
Investors: Stable conditions and healthy absorption rates suggest an appealing landscape for long-term investment, particularly in markets showing steady turnover like the North Okanagan.
Conclusion:
The Okanagan real estate market remained steady in October 2025, reflecting balance and stability as the fall season progressed. While both regions technically remain in buyer’s market territory, sales activity and pricing trends point to underlying strength. Buyers have room to negotiate, and sellers who adapt to current conditions continue to see success in a market defined by steady, sustainable demand.