North Okanagan home sales steady in April, prices rise

May 5, 2025 | 4:01 PM

The housing market held relatively steady in April, though the prices did go up.

The Association of Interior Realtors said there were 143 units sold in the North Okanagan during the latest reporting month, which was unchanged from the figure reported in April of 2024.

The Association noted there were 994 active listings in the North Okanagan this past April, 393 of which were new listings. Those were up 3.2 per cent and 4.0 per cent on an annual basis.

The benchmark prices for all housing types in the North Okanagan also increased from the rates in April of 2024. Single family home prices were up 1.1 per cent to $764,900, townhouse prices rose 10 per cent to $597,800, and condominium and apartment prices rose 1.4 per cent to $326,400.

The Association added there were 415 homes sold in the Central Okanagan in April, which was down 0.5 per cent on an annual basis.

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All Central Okanagan benchmark home prices also increased. Single family homes were $1,034,800, townhouses were up to $734,600, and condos and apartments were $513,100.

The Shuswap Revelstoke area also saw just 68 units sold in April, down 13.9 per cent annually.

Benchmark single family home prices in that region did decline to $714,400, though townhouse prices rose to $554,600 and condo and apartment prices went up to $431,600.

The Association did record increases in units sold, active listings, and new listings for the entire Interior in April.

“While demand in the market remains strong, ongoing economic uncertainty —exacerbated by tariffs — may have tempered typical seasonal sales momentum. Some potential buyers could be waiting on the sidelines for clearer signals on the economic outlook before acting on their intentions,” Kadin Rainville, Association of Interior Realtors President, said.

“With the federal election now behind us, there is a sense of cautious optimism that renewed economic strategies may emerge. It remains to be seen whether the coming months will bring a return to typical seasonal momentum, especially given the strength of underlying demand.”

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by Liam Verster

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