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By Liam Verster

Sales Rise as Prices Fall

North Okanagan’s housing sales increase as prices decline in September

Oct 3, 2025 | 3:03 PM

The North Okanagan saw a stable market more in favour of buyers with prices dipping somewhat in September.

The Association of Interior Realtors (AoIR) said there were 156 units sold in the latest reporting month, up 51.5 per cent compared to the previous September. Those sales generated a total volume of $107-million, which was also up 34.3 per cent annually.

However, prices declined for all housing types.

The AoIR said the North Okanagan saw benchmark prices for single homes and for townhouses fall 1.4 per cent annually to $753,500 and $596,200, respectively, in September. Apartment and condominium prices were recorded at $315,900, marking a 3.1 per cent decrease from the same month the year before.

The association said there were 1,037 active listings in the North Okanagan in September, including 282 new listings. Those were also up on a year-over-year basis.

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Central Okanagan

The Central Okanagan saw a similar trend, with 367 units sold (+39.5%) for a total of $328.9-million (+62.8%).

Though sales were up, most housing types in that area rose on an annual basis.

Single homes in the Central Okanagan had a benchmark price of $1,020,800 (+0.3%), while the price for townhouses were up to $736,500 (+1.6%). However, apartments and condominiums did see their benchmark prices fall to $494,500 (-2.2%).

The Central Okanagan also saw active listings fall to 3,240 (-1.2%) in September, though new listings rose to 973 (+8.7%) during the latest reporting month.

The association recorded a total of 1,242 units sold across the Interior in September, which was up on an annual basis. It did note though that the number of active listings as of the end of the most recent reporting month was 9,853, marking a slight decline from the same time the year before.

The AoIR said the housing market seemed to hold steady in September, despite there typically being a seasonal dip in activity during that month.

“Real estate markets rarely move in a straight line and modest fluctuations from month to month are a normal part of the cycle. After being impacted by economic factors in the first half of the year, [the reported] trends reflect resilience and recovery,” Association of Interior Realtors President, Kadin Rainville, stated

“The fact that figures are stronger than last year, with active listings shrinking as sales climb, is an encouraging indicator that the market is gaining strength and stability.”

Rainville added the current “balanced conditions” was a sign of a “healthy market finding its footing, providing buyers more breathing room and allowing sellers to navigate their options with confidence, which ultimately creates a healthier environment for thoughtful decisions on both sides.”