The Okanagan real estate market is continuing to get stronger by the day. The five main key indicators ( Sale Price , Medium Price , Days on the market , Absorption rate , and Sales ) have been steadily moving up in a positive direction. The enclosed stats are over the last twelve months ( April 2015 back to May 2014 ) versus the same time frame of ( April 2014 to May 2013.)
Average price is now $375,772 versus $360,629 over the same 12 month period
Medium Price is now $346,627 versus $341,158 over the same 12 month period
Days on Market is now 101 days versus 123 over the same 12 month period
Absorption rate is now 15.22% Versus 11.44% over the same 12 month period
Number of sales is now at 84 per month versus 70 over the same 12 month period
These are very strong numbers, we are definitely moving into a stronger real estate market, if your thinking of buying or selling ? Now is the time. Please feel free to call me anytime.