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By Liam Verster

Dip in Market

Regional housing sales, prices decline in January

Feb 4, 2026 | 5:05 PM

The North Okanagan saw a slight dip in housing sales this past January, and housing prices reflected the market slow down.

The Association of Interior Realtors (AoIR) said there were 79 units sold in the area last month. That was down 1.3 per cent compared to January of 2025.

The North Okanagan’s dip in sales, broken down as follows, was also represented in the benchmark prices:

• Single Family Homes
  • 35 sales, down 20.5 per cent monthly and 20.5 per cent annually
  • $745,200 benchmark price, down 1.2 per cent monthly and 1.7 per cent annually
• Townhouses
  • Nine sales, down 43.8 per cent monthly but up 125 per cent annually
  • $504,900 benchmark price, down 9.3 per cent monthly and 3.1 per cent annually
• Condominiums and Apartments
  • 11 sales, up 37.5 per cent monthly but down 21.4 per cent annually
  • $324,800 benchmark price, up 7.3 per cent monthly but down 2.0 per cent annually

The North Okanagan also had 663 active listings in January, which was up 0.6 per cent annually. However, only 176 of those were new listings, marking a decline of 15 per cent compared to the figures from the same month the year before.

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The Central Okanagan also had similar declines.

There were 203 units sold in that area in January, down 15.8 per cent annually, and that was also reflected in home prices.

• Single Family Homes
  • 91 sales, down 23.5 per cent monthly and 17.3 per cent annually
  • $1,060,300 benchmark price, up 1.4 per cent monthly but down 0.2 per cent annually
• Townhouses
  • 36 sales, down 18.2 per cent monthly and 5.3 per cent annually
  • $678,400 benchmark price, up 0.4 per cent monthly but down 8.7 per cent annually
• Condominiums and Apartments
  • 55 sales, up 14.6 per cent monthly but down 12.7 per cent annually
  • $3504,600 benchmark price, up 7.2 per cent monthly but down 1.6 per cent annually

The Central Okanagan had 2,309 active listings recorded in January, which was down 2.5 per cent annually. New listings comprised 767 of those units, and that was also down 13.3 per cent compared to January of 2025.

“January brought a bit of a cooldown in the real estate sector after a very strong December, which aligns with typical seasonal trends, even if the dip was a bit sharper than anticipated,” the association’s President, Kadin Rainville, stated.

“With prices holding relatively steady and demand still present, the market may be recalibrating rather than retreating. While some are waiting on the sidelines, the level of activity suggests this may be more about timing and economic conditions than a true shift in momentum.

“The market is still active, just not rushing and we’ll be watching closely to see whether this is a short-term pause or part of a larger pattern.”

The AoIR’s monthly report also noted that the North Okanagan, once again, recorded the highest annual percentage increase in active listings within the Interior.