Central Okanagan Market Report

Showing single family across the report

Snapshot · September 2026

Single family at a glance

Board figures for the Central Okanagan. Changes are vs September 2025 (YoY) and August 2026 (MoM). Board

My read on September

Six things worth knowing

Slowest September in 11 years
Median days to sell hit 56 for single family (46 a year ago), 72 for townhouses and 83 for apartments. All three are the highest September readings since at least 2016.
Sellers are holding back
Single-family new listings dropped 21% to 390 and active inventory is down 16%. Less supply is what's keeping prices steady while sales slow.
Detached values are steady
The median rose 5.3% to $990,000. The average fell 9% because fewer $2M+ homes sold. Q3 price per square foot was up 1.8%, so values are flat to slightly up.
Townhomes are the soft spot
The median fell 11% and Q3 price per square foot was down 7%. Almost half of September townhouse sales closed more than 5% under their original list price.
Two markets in one
Single-family homes under $1M have about 4–5 months of inventory, which is balanced. Above $2M there are 14 to 22 months. Your price range matters more than the headline.
Pricing right still wins
Homes that sold within 3% of their first price took a median 34 days. Homes that needed 10%+ off took 119. One in five sold homes had to relist to get there.

10 years of board data

Trends

Monthly figures with a 12-month average to smooth out the seasons. Board

Sales per month

Bars: monthly sales · Line: 12-month average

Median sale price

Thin line: monthly median · Bold: 12-month average

Active listings

Months of inventory

Shaded: over 6 favours buyers, under 4 favours sellers

Median days to sell

Price trend by property type

12-month average of the monthly median, indexed so Dec 2016 = 100

Single familyTownhouseApartment

Is your price range hot?

Months of inventory by price range

Homes for sale today divided by the average monthly sales over the last six months (April–September). Under 4 months favours sellers, 4–6 is balanced, over 6 favours buyers. MLS® sales

Seller's (under 4)Balanced (4–6)Buyer's (over 6)

What pricing right is worth

How far off the first price, and how long it took

Every sale in the last 24 months, grouped by sale price vs original list price. Price reductions and relists count against the original price. MLS® sales

Median days on market

Cumulative days, including relists

Neighbourhood report cards

Every neighbourhood, last 12 months

October 2025 to September 2026 vs the 12 months before. Neighbourhoods with fewer than 10 sales are hidden. The sparkline is median price per square foot by year. MLS® sales

40+ sales solid25–39 moderate10–24 directional only

Where homes are selling

Sales density and price per square foot

Each hexagon covers about 1 km². Colour shows median $/sq ft; hexagons with fewer than 3 sales are hidden. The empty band through the middle is Okanagan Lake. MLS® sales

Best time to list

When buyers outnumber new listings

Left: average sales for every 100 new listings by calendar month, 2016–2025 (board). Right: median days to sell by the month a home was listed, 2015–2025 (MLS® sales).

Sales per 100 new listings

Higher means less competition for your listing

Median days to sell, by listing month

Bars: days · Labels: median sale-to-original-list

What drives value

Price per square foot by home type, size and age

Sales from the last 24 months. Leasehold vs freehold for single family compares only 1,400–2,200 sq ft homes, so size doesn't distort it. MLS® sales

New construction vs resale

Freehold vs leasehold

Median $/sq ft by size

Median $/sq ft by age

Same month, every year

Every September since 2016

Comparing the same month removes seasonal swings. Board

Tools to run your own numbers

Calculator

Move-Up Equity Calculator

See how much equity you can carry into your next home after selling costs and your mortgage.

Open calculator → Calculator

Rent vs Buy: The Full Breakdown

When buying has beaten renting and investing in the Okanagan, using 27 years of local sales.

Open calculator → Guide

Rent or Own in Kelowna

What renting really costs over time compared with owning a typical Okanagan home.

Read the guide → For builders

Development Intelligence

What to build and what to price it at, based on which product has actually sold in the Central Okanagan.

Open tool → Specialty report

Cherry Orchard Market Report

Active listings and recent sales of Okanagan cherry orchards, with land value benchmarks.

Read the report → Website

sellingokanagangroup.com

Listings, guides and how we help buyers, sellers and families relocating to the Okanagan.

Visit the site →

Mark and Maddie Coons, Selling Okanagan Group

Selling Okanagan Group · eXp Realty

Want to know what this means for your home?

Market averages only go so far. I'll run the numbers for your street, your price range and your timing, using the same data behind this report.

Mark Coons PREC*, BBA, CE778-946-6454mark@sellingokanagangroup.com

Book a market review

Sources. Headline figures (sales, prices, listings, months of inventory, days to sell, volume) are Central Okanagan board statistics compiled from MLS® data provided by the Association of Interior REALTORS®, as reported each month. Price-range, pricing-strategy, neighbourhood, map, timing and value figures are my own analysis of MLS® sold records for the same area, shown only as groups. Townhouse figures exclude half duplexes. "All property types" includes residential, farm, vacant land and multifamily.

The information in this report is believed to be reliable but is not guaranteed. It is for general information only and is not intended to solicit properties currently listed for sale or buyers under contract. Report data to September 30, 2026; MLS® records to October 5, 2026.