the Kelowna rennie review | August 2023
Aug 29, 2023
Written by
Ryan BerlinSHARE THIS
The Central Okanagan’s housing market tipped back into balanced territory in July as rising interest rates keep buyers on the sidelines. Slowing sales has allowed inventory to inch closer to typical levels.
Our thoughts are with those affected by the recent wildfires that impacted Kelowna, West Kelowna, and surrounding communities. The Kelowna rennie review is a monthly report that presents MLS data for detached homes, townhomes, and condos in the Central Okanagan region, the City of Kelowna, Downtown Kelowna, and West Kelowna.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
Written by
Related
Sales decreased considerably in the Central Okanagan last month to mark the slowest August since 2011. Inventory declined for the second consecutive month but remained above the 3,000 mark, giving would-be buyers plenty of options heading into the fall.
Sep 2024
Report
Sales, new listings, and inventory all fell across the Vancouver Region in August as buyers and sellers took a summer hiatus. While this represented the fourth consecutive monthly drop in sales, it was the first month-to-month decline in inventory in 2024.
Sep 2024
Report