Sales in the Central Okanagan reached their highest monthly count so far this year in May, though this was well below the typical May level. Activity in the condo space was a notable outlier, posting the busiest month of sales in 24 months. Meanwhile, active listings continued to grow in May but finished the month well short of last May’s count. While inventory remains abundant, it is not on track to surpass last year’s high-water mark that was set in June.
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.
