August saw housing sale increases in the North, Central Okanagan

Sep 5, 2025 | 6:00 AM

The local housing markets saw an increase in activity last month, despite it being a typically quiet time of year.

The Association of Interior Realtors (AoIR) released it’s monthly housing market report Thursday, Sept. 4, which showed the majority of housing types in the area saw benchmark prices increase from the same month the year before.

In the North Okanagan, single family home prices rose 2.5 per cent to $792,700 in August, while townhouse prices increased 3.0 per cent per cent to $609,200. There was a dip in apartment and condominium prices, falling 2.3 per cent annually to $316,500.

The Central Okanagan saw a slightly different situation, with benchmark prices for single family homes increasing 3.2 per cent to $1,050,900. However, townhouse and condominium prices fell by 0.2 per cent to $721,900 and by 1.7 per cent to $497,000, respectively.

The AoIR said there were 167 units sold in the North Okanagan, and 361 sales in the Central Okanagan in August. Those were up 21 and 13.9 per cent, respectively, compared to the sales recorded in August of 2024.

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There were also increases in the number of units up for sale last month.

In the North Okanagan, there were a total of 1,093 active listings, 263 were new on the market. Meanwhile, the Central Okanagan had 3,342 active listings, including 858 new listings, last month.

The units sold in the North Okanagan had a combined dollar value of $122.7-million, and Central Okanagan sales were valued at $293.9-million. Those were also up 18.8 and 14.2 per cent when compared to the dollar values of sales the previous August.

“Real estate activity softened toward the end of the month, which is not uncommon, when seasonal patterns and summer activities often play a role in moderating market activity. However, sales still outperformed last year’s pace, underscoring a positive trend of the last few months despite lingering economic uncertainty,” AoIR President, Kadin Rainville, said in the August report.

“It’s encouraging to see the market continuing to build momentum and signaling recovery, particularly when compared to some of the other markets across the province.”

The AoIR President also noted that a “minimal fluctuations in year-over-year pricing suggests a stabilizing market,” which could help create a more predictable environment for both buyers and sellers.”

by Liam Verster

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