Market is Hot in the Okanagan !

Although in some years the market has been quiet at this time in July, that is not the case  this year !  There is a renewed interest in buying Real Estate and like the weather, the market is hot, hot hot !  In Kelowna for the second month the absorption rate has been over 16% (in May and June) .  In the North Okanagan , it is not that high but it is almost double digits. As the numbers of sales increase, and the inventory drops, we are gradually inching towards a seller's market. When will that happen? Not for a few months.  So now is a great time to buy!

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