the kelowna rennie advance | December 2024

For the second consecutive month, sales in the Central Okanagan were up significantly on a year-over-year basis, a clear sign that buyer sentiment has shifted since October. Though sales remained well-below their long-run monthly average, November was the closest that sales have been to average since June 2023.

The Kelowna rennie advance is a monthly publication which includes a brief 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 senior economist, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. 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 supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, and Seattle marketplaces. Their thoughtful and objective approach embodies the core values of rennie.