Shortage of listings pushes Okanagan house prices up
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
Sales and inventory numbers were both down in the North and Central Okanagan real estate markets in September, while the benchmark prices were way up.
The Association of Interior Realtors said the supply of active residential listings dropped 40 per cent across its coverage region, including a plunge of 52.8 per cent in the North Okanagan and 41.5 per cent in the Central Okanagan for single family homes.
“There has been a lot of talk about high demand and while we are still seeing a strong demand, it actually is within a healthy range,” said association president Kim Heizmann, adding that “the amount of supply is just so low creating an imbalance that makes demand seem overwhelming.”
Heizmann said the sales numbers are showing signs of normal seasonal activity.
