Sales in the Central Okanagan notched a second straight month of year-over-year growth in July, with detached home sales hitting their busiest pace of 2026 so far. Meanwhile, new listings stayed below both last July's level and the long-run monthly average, and inventory posted its sixth consecutive year-over-year decline (and the steepest of the streak). The result: months of inventory fell to its lowest level since July 2023, with conditions tightening further across all three home types.
The kelowna rennie advance is a summary of the latest sales, listings, and price trends in the Central Okanagan. It is produced at the beginning of each month and it reflects the latest market data.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
