05/01/2026
Spring is here, but the market still isn’t in a rush 🌱. April recorded 399 residential sales in the Central Okanagan (excluding lots, including manufactured homes), down slightly from 414 last April, even with the usual seasonal lift from March. New listings came in at 1,038, which is down about 14% year over year, and active inventory sits at 2,985 residential listings, also down nearly 9%. So while supply has tightened a bit, there’s still enough out there to keep buyers comfortable and in control.
The median single-family price came in at $977,750, up slightly from $947,500 last year. Condos landed at $438,000, basically flat year over year, while townhomes sat at $674,900, also holding steady. The overall median residential price was $749,000, down from $768,500 last year, showing that while certain segments are holding, the broader market is still feeling pricing pressure. Homes are taking longer to sell at 62 days on average, up from 54 last year, which lines up with what we’ve been seeing all year, buyers are patient and not chasing.
Looking at the first quarter data, this all makes sense. The Q1 report showed sales slightly below last year and prices either flat or down depending on the segment, mainly due to higher inventory levels and slower population growth compared to previous years. That trend is carrying right into spring. Even though listings are starting to come down, we’re not seeing urgency return. Sales are happening, but mostly when sellers meet the market. Heading into the rest of spring and early summer 🌷, expect more of the same: steady activity, stable pricing in some segments, but still a negotiation-driven market overall. If you’re thinking about making a move, it’s less about timing the market and more about pricing and strategy. Let’s grab a coffee or a patio drink 🍻 and make sure you’re positioned the right way.