Housing prices still down annually

Apr 7, 2026 | 4:52 PM

Housing prices in the North Okanagan remained in favour of buyers last month.

The Association of Interior Realtors (AoIR) said the benchmark prices for single family homes in the area declined on both an annual and monthly basis, while townhouse and apartment and condominium prices were down annually.

Single Family Homes: $761,700 (-2.5 per cent monthly / -1.4 per cent annually)
Townhouses: $548,900 (+0.5 per cent monthly / -4.0 per cent annually)
Condos/Apartments: $303,900 (+0.1 per cent monthly / -4.8 per cent annually)

There were 122 residential unit sales recorded in the North Okanagan in March of 2025. That was up from the 88 sales in February, but virtually unchanged from the 121 sales in March the year prior.

The North Okanagan had 537 housing units listed for sale in March, 206 of which were new listings that month. Single homes made up the majority of those listings at 340, followed by townhouses at 116, and apartments and condos at 81.

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Housing prices still down annually

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Central Okanagan Sales

The Central Okanagan saw a similar trend to its northern neighbour.

The AoIR stated the benchmark prices for all housing types in that area also saw year-over-year declines.

Single Family Homes: $1,047,900 (-0.8 per cent monthly / -2.3 per cent annually)
Townhouses: $725,500 (+8.1 per cent monthly / -3.4 per cent annually)
Condo/Apartment: $471,800 (0.0 per cent change monthly / -5.7 per cent annually)

There were 364 housing sales in the Central Okanagan this past March, up from 274 in February and the 343 sales in March of 2025.

The AoIR said there were 2,284 homes for sale in the area this past March, noting that 874 of them were new listings.

Interior-Wide Stats

Across B.C.’s Southern Interior there were a total of 1,154 residential unit sales in March. The AoIR said that was up from February’s 838 sales, and was also up 1.3 per cent annually.

The Association also noted that new and active listings declined by 4.8 and 3.1 per cent, respectively, across the Southern Interior in March. The Kamloops and District area was noted to have the highest annual increase in active listings in March, overtaking the North Okanagan which had held that title for the previous four months.

“Although sales are still trailing the 10-year average, recent sales activity is a positive sign as we head into the typically busy spring market,” AoIR President, Kadin Rainville, stated.

We’re seeing improvement from earlier in the year, even as inventory edges down slightly compared to the same time last year, which is likely a reflection of economic uncertainty continuing to temper some consumer confidence. In this environment, strategic pricing is essential to capture buyer attention and maximize results.”

by Liam Verster

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