the kelowna rennie advance | July 2024
Jul 03, 2024
SHARE THIS
Inventory levels eclipsed the 3,000-mark for the first time in nearly 11 years with year-to-date sales nearly 30% below their historical average through the first half of 2024. The market overall is now firmly in buyers’ market territory.
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.
Related
Annual sales in the Central Okanagan declined for the third consecutive year in 2024, though a string of relatively stronger months to close the year has the market heading into the new year with some new momentum.
Jan 2025
Report
The Vancouver Region closed 2024 with another month of relatively strong sales activity. There were 2,684 MLS sales in December, a 28% increase from the prior December (2,097 sales) and the most for the month of December since 2021 (4,372 sales).
Jan 2025
Report