The Okanagan Shuswap Housing Market is Right On Track.

Every December we predict what will happen in the next 12 months to home  sales and prices in the Okanagan Shuswap area. . We do this using various different indicators like inventory., absorption rates, the average days on market to sell and of course the overall sales activity. Last December we predicted that the absorption and sales would rise in the Okanagan,  Shuswap area and prices would actually start to rise slightly. That is exactly what happened. Total sales in the 3 zones are up 12.65 % since last year at this time and absorption has risen to an average of 11.14 % in November of this year. Prices are starting to creep up in the lower price ranges and higher price ranges are  finally stabilizing. One of the best indicators for what is going to happen in the next year is how long the sales activity carries into December before the holiday shut off. As of the writing of this article our office is still a beehive of activity and sales are still coming in the door. What we have been saying all year is becoming more and more evident as the months go by. This is a great time to buy in the Okanagan Shuswap housing market.

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Bill Hubbard

Bill Hubbard

CENTURY 21 Executives Realty Ltd.
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