The Market

The statistics for sales in the North Okanagan show that there is a continued recovery in the housing market.  Absorption of houses listed for sale is up, prices have rsent, sales are up resulting in the inventory of houses listed for sale dropping.  Based on historical data 2015 should be a stronger year than 2014.  That being said, 2015 sales could be impacted by major global events, such as what happened after 911.  The current drop in the price for a barrel of oil could affect consumer confidence to such a degree that there could be an impact on house sales in the North Okanagan.

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