Real Estate Market Watch for the North Okanagan!

Hi there!
Well, here we are after another  busy week in real estate, in the North Okanagan! The statistics for the month of May are in from the Okanagan Mainline Real Estate Board (OMREB).
The absorption rate, which is how many months it would take to sell all of the inventory that is now on the market stands at 6!
That is the lowest absorption rate since 2006! If you are a seller, this is great news. Typically, when the number gets to 5 or below, the market is said to become a "Seller's Market" something we have not seen in the North Okanagan for quite some time.
If you are thinking of moving to the Okanagan, you'd better get your skates on! photos this week for you, are of the 39th Annual Creative Chaos Craft Fair that begins this Friday, June 6th in Vernon at the Recreation centre! This is one of the largest craft shows of its kind in Western Canada and visitors from all over flock to find a treasure......

here's a link for more info....Creative Chaos

here's another of my real estate videos to get your house hunting juices flowing........
Stats for this week on Residential Homes in the North Okanagan!
New listings  72 
Expired listings  33
Sold                 54
Reduced           41

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