With money being cheap and the real estate market going bonkers, who knows what will happen this fall/winter. In normal market conditions, people are not buying up all the toilet paper and the real estate market tend to cool down come the winter. This year has been different in so many respects, will this be different? Despite the current inventory across the Central Okanagan being 5% below the five-year average for October, there were 48% more sales in September compared to the 5-year average and so far in October 26% more sales than average. Comparing the number of listings to the number of buyers in the market place the second half of 2020 has seen positive growth. Compared with the 5-year average, September saw 11% more sales to active listings with 29% of the inventory selling, October so far is at 25% of the listings selling which is 6% higher than the 5-year average. This means buyers are competing with 5-11% more buyers than normal, which is likely low due to a lot of homes getting multiple offers and back up offers. Keep in mind October numbers were pulled at noon on October 26th.