Demand strong in Okanagan real estate, listings lagging

A lack of listings continues to be the story for the Okanagan’s real estate market.

The Association of Interior Realtors said residential real estate sales across its region remained strong in October, just ahead of the slower winter season.

“Demand is still strong despite chronically low supply, but we are seeing a healthier environment for buyers and sellers compared to what we saw in 2020 and earlier in the year,” said association president Kim Heizmann, adding that “sales are transpiring at a good, healthy pace.”

Residential sales for the association’s region decreased 18 per cent over the same month last year, with 1,115 residential sales in October. That was up slightly compared to September’s 1,067 sales.