As 2025 came to a close, the Okanagan real estate market delivered a steady and resilient performance, showing positive year-over-year growth in both sales and values across the Central and North Okanagan regions—despite the expected seasonal slowdown.
📍 Central Okanagan Highlights
The Central Okanagan saw 1,095 properties change hands in Q4 2025, down slightly from Q3, but sales volume jumped by 4.2% compared to Q4 2024—reaching over $942 million in total transaction value.
Average sale price: $861,075
New listings: 2,054 (↓ 7.5% from Q4 2024)
Active listings: 3,149 (↓ 7.8% from Q3 2025)
Days on market: 83
List-to-sell ratio: 93.44%
Notably, single-family homes continued to anchor the market with 475 units sold at an average price just above $1.09M. Condo and apartment sales saw 198 units sold, while townhomes remained stable with 164 transactions.
Despite a slight softening in sales activity quarter-over-quarter, pricing remained strong—indicating continued demand for quality inventory and growing buyer confidence heading into 2026.
The absorption rate of 8.48% translates to 11.8 months of inventory, suggesting a continued Buyer’s Market heading into 2026.
📍 North Okanagan Highlights
The North Okanagan posted significant annual gains in Q4:
Total sales volume: $255.5 million (↑ 12.9% vs Q4 2024)
Units sold: 398 (↑ 8.2% annually)
Average sale price: $642,022
Days on market: 98
List-to-sell ratio: 97.81%
Even with the holiday season in full swing, sales outperformed the previous year. Single-family homes made up the majority with 174 sales at an average price of $858,036, while townhouses and condos saw a healthy number of transactions.
Inventory increased by 9.5% year-over-year, giving buyers more options, while sellers benefited from steady demand and improving sale prices.
With an absorption rate of 9.71% (about 10.3 months of supply), this market remains firmly in Buyer’s Market territory, though activity levels remain healthy.
🆚 Month-over-Month Changes (Nov → Dec 2025)
Central Okanagan
New Listings ↓ 32.7%
Units Sold ↓ 11.6%
Sales Volume ↓ 8.6%
North Okanagan
New Listings ↓ 29.6%
Units Sold ↓ 9.8%
Sales Volume ↑ 4.4%
These declines are typical for December, but the year-over-year strength is a positive sign of market health.
🔍 Market Outlook
The Okanagan market is currently in a Buyer’s Market, with 8.5 to 9.7% absorption rates and over 10 months of supply in both regions. However, year-over-year sales growth, especially in higher-priced segments, suggests strong fundamentals heading into 2026.
For Buyers:
Winter offers excellent opportunities—less competition, motivated sellers, and more room to negotiate.
For Sellers:
While patience is key during this season, homes priced well and presented beautifully are still attracting serious buyers.
For Investors:
Both Central and North Okanagan saw double-digit annual gains in 2025 sales volume, proving this region remains a solid investment with long-term upside.
🤔 Thinking of Buying in 2026?
With ample inventory, reduced competition, and motivated sellers, early 2026 presents an excellent opportunity for buyers. Whether you’re upgrading, downsizing, or relocating to the Okanagan, this market offers negotiating power and selection. Want to explore your options? I offer a free, personalized buyer consultation to help you make confident and informed decisions.
👉 Let’s set up your custom home search
💡 Thinking of Selling?
Despite seasonal slowdowns, well-priced and well-presented homes continued to move in Q4. As the market transitions into spring, now is the time to prepare your home to stand out. I provide full-service marketing, staging support, and a clear pricing strategy to help you get top dollar.
📩 Reach out for your free home valuation