Sales activity of all property types across the Okanagan Mainline Real Estate board are up 8% compared to the same YTD figures as last year. Except for prices, we are approaching overall market conditions of 2007. The average number of days to sell is down by 22 days compared to last year as well. The Shuswap leads the way again this month with the greatest increases of nearly 15%, followed by the Central Okanagan and then the North Okanagan. Inventory is dropping in all three zones as well which will put further pressure on prices as buyers compete for homes. As we have said for the last couple of years, it is a great time to buy.
Current Shuswap Okanagan Real Estate Market
- July 24, 2015