June 2025 brought continued seasonal strength to the Okanagan housing market, with both the Central and North Okanagan regions demonstrating notable trends in sales activity, inventory, and pricing. The Central Okanagan remained active, with strong sales volumes and increased inventory compared to a year ago, while the North Okanagan saw a moderate rise in transactions and further growth in available listings. The following is a comprehensive review of current market dynamics based on the latest data.
Central Okanagan Market Overview
In June, the Central Okanagan real estate market maintained a steady pace. Sales volume climbed year-over-year, even as new listings posted a slight decline. Meanwhile, inventory levels continued their upward trend, giving buyers a wider selection of properties.
Market Statistics
New Listings: 1,290 properties listed (↓5.01% from 1,358 in June 2024)
Units Sold: 458 sales recorded (↑6.76% from 429)
Sales Volume: $382,836,191 total sales value (↑11.72% from $342,688,565)
List-to-Sell Ratio: 96.87% of asking price achieved on average (↑from 96.04%)
Average Days on Market: 60 days (↓from 65 days)
Active Listings: 4,526 properties available (↑9.22% from 4,144)
Property Type Breakdown
Single-Family Homes (excluding lakefront & acreages):
207 sales | Avg. Price: $1,104,528 | Median: $995,000 | 1,572 listings
Condos & Apartments:
93 sales | Avg. Price: $499,232 | Median: $428,500 | 971 listings
Townhouses:
63 sales | Avg. Price: $679,168 | Median: $655,000 | 437 listings
Market Insights
The Central Okanagan continues to show strong buyer engagement, reflected in the 11.72% annual increase in sales volume. The market is benefiting from growing inventory and an improved list-to-sell ratio, with properties averaging a sale price just under 97% of list. Single-family homes remain the most active and highest-valued segment, supported by consistent pricing and demand. The slight improvement in average days to sell further suggests steady buyer interest.
Absorption Rate
With 458 homes sold out of 4,526 on the market, the absorption rate sits at 10.12%, indicative of a balanced market where conditions are fair for both buyers and sellers.
North Okanagan Market Overview
June also brought encouraging signs to the North Okanagan, where both the number of homes sold and total sales value increased compared to the same time last year. Inventory continued to grow, and selling times shortened modestly, adding to the region’s appeal for active buyers.
Market Statistics
New Listings: 426 properties listed (↑0.24% from 425 in June 2024)
Units Sold: 197 sales completed (↑7.65% from 183)
Sales Volume: $131,923,800 in transactions (↑12.63% from $117,133,720)
List-to-Sell Ratio: 96.21% on average (steady from 96.16%)
Average Days on Market: 67 days (↓from 71 days)
Active Listings: 1,672 listings (↑11.62% from 1,498)
Property Type Breakdown
Single-Family Homes (excluding lakefront & acreages):
88 sales | Avg. Price: $753,580 | Median: $703,000 | 530 listings
Condos & Apartments:
19 sales | Avg. Price: $295,926 | Median: $267,000 | 89 listings
Townhouses:
24 sales | Avg. Price: $508,729 | Median: $447,250 | 147 listings
Market Insights
Sales activity and transaction value both showed year-over-year growth in the North Okanagan. Although inventory is climbing, the market is moving slightly faster than last year, with homes selling in fewer days on average. The stable list-to-sell ratio reflects consistent buyer confidence. Expanding inventory across all property types continues to offer increased opportunities, particularly for those entering the market or looking for value.
Absorption Rate
With 197 sales among 1,672 available listings, the absorption rate is 11.78%, suggesting a market that still leans slightly toward buyers while trending toward more balanced conditions.
Month-to-Month Comparison: May vs. June 2025
Central Okanagan
New Listings: ↓5.78% (from 1,369 in May to 1,290 in June)
Units Sold: ↓4% (from 477 to 458)
Sales Volume: ↓8.54% (from $418.6M to $382.8M)
Days on Market: ↑ from 52 days to 60
Active Listings: ↑1.75% (from 4,448 to 4,526)
North Okanagan
New Listings: ↓13.24% (from 491 to 426)
Units Sold: ↑6.57% (from 184 to 197)
Sales Volume: ↑3.9% (from $126.9M to $131.9M)
Days on Market: ↓ from 69 to 67
Active Listings: ↑3.08% (from 1,622 to 1,672)
Market Outlook
For Buyers:
Increased inventory in both regions means more selection and greater leverage. Central Okanagan remains competitive, particularly in the single-family segment, while North Okanagan continues to offer negotiating room and slower market pace for those seeking value.
For Sellers:
List-to-sell ratios remain strong, showing that buyers are willing to pay close to asking—especially for well-priced homes. However, with rising inventory, pricing competitively and staging effectively are essential to attract attention and secure offers.
For Investors:
Growing supply and consistent sales activity across both regions create opportunities for strategic purchases. The Central Okanagan remains attractive for those focused on long-term growth, while the North Okanagan offers more affordability and room for value appreciation.
Conclusion
The Okanagan real estate market continued its seasonal momentum through June 2025, with both Central and North Okanagan maintaining steady activity. Inventory growth and relatively strong sales volumes highlight ongoing market engagement. Central Okanagan continues to lead in pricing and turnover, while North Okanagan offers attractive options with slightly more buyer-friendly conditions. Heading further into the summer, balanced conditions are expected to persist, supporting healthy market dynamics for all participants.
Source: Association of Interior REALTORS®