Stock photo (ID 7181171 © Feverpitched | Dreamstime.com)

By Liam Verster

Housing Market Update

Housing sales increased as some prices declined in the North Okanagan

Jan 6, 2026 | 3:15 PM

The housing market took a turn towards buyers to close out 2025.

The Association of Interior Realtors (AoIR) said there were 98 housing units sold in the North Okanagan this past December. That was up 19.5 per cent from the sales recorded in the same month the year before.

However, the AoIR said housing prices did mostly decline for the region.

The Association said the benchmark prices for single family homes in the North Okanagan was recorded at $753,900, while condominium and apartment prices were $302,700. Those were down 0.3 per cent and 1.3 per cent, respectively, on an annual basis. Prices for townhouses did rise by 6.2 per cent to $556,500 in December.

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Meanwhile, the Central Okanagan saw sales and prices all decline annually.

The AoIR report said there were 240 units sold in the region in December, down four per cent from the same month the year before. The report also said benchmark prices fell for all housing types in the region with them being recorded at $1,045,700 for single family homes (-0/7 per cent), $675,700 for townhouses (-9.5 per cent), and $470,600 for condos and apartments (-0.2 per cent).

While prices declined, the number of homes on the market increased for both regions in the most recent reporting month.

The AoIR said there were 695 units on the market in the North Okanagan and 2,333 listed for sale in the Central Okanagan in December, up 11 and 2.2 per cent annually, respectively. Among the listings were 114 new ones in the North Okanagan and 365 that went on the market in December in the Central Okanagan.

The Interior as a whole also followed a similar trend with more units entering the market this past December compared to the same month the year before. The North Okanagan also saw the biggest gain in active listings in the Interior, a title it had held for three consecutive months.

The AoIR said the year end with real estate activity closing out with near-normal levels as a total of 788 residential units were sold across the Interior in December. That was down from November’s 939 sales, but up 10.4 per cent from the same month the year before.

“Despite navigating a year of economic shifts, policy changes, and evolving buyer and seller behavior, the residential real estate market wrapped up the year on steady ground,” Association of Interior REALTORS® President, Kadin Rainville, said.

“Activity finishing within the 10-year average range reflects a market that has largely recalibrated and normalized, setting a positive and stable foundation as we move into 2026.

“The increase in new listings will be a welcome development, providing not only more choice but also helping to foster more balanced market condition.”