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Okanagan Real Estate Market May Stats



  • 297 total Residential sales down 44% from last May of 527 sales, however, up 38% from April of 215

  • 2,919 total listings down 15% from May 2019 of 3,396 and up from April of 2,704

  • May Average Days on Market was 80 which is up from 66 days in April

  • 857 New Listings down from 1217 last May and up 590 in April.


Single Family Residential Homes

  • 148 Sales in May (down from 253 May 2019, up from106 sales in April)

  • Current inventory at 1257 ( Down from last May'sinventory of 1542 but up from April inventory of 1160.

  • Median sale price $667,750 down from Aprils $675,500,up from May 2019 of $656,000

Townhome Sales

  • 54 Sales in May which is down from 96 sales in May 2019 but up from the sales in April of 40.

  • Current inventory at 396 down from May 2019 inventory of 433 and up from 363 in April.

  • Median sale price $488,000, down from $514,150 in April but up from $461,950 May 2019

Apartment/Condo

  • 54 sales in May down from 122 in May of 2019 but up from 37 in April 2020.

  • The current inventory is down at 615 which is compared to 674 last May and up from 571 in April.

  • Median sale price $315,000 which is up from April of $292,000 but down from last May of $324,500

Mobile Home

  • 15 sales in May compared to sales of 25 last May and 16 in April.

  • Current inventory at 94 down from last May's inventory of 127 homes and up slightly from April inventory of 91.

  • Median sale price $138,000 up from $126,950 in April but down from last May of $169,000




Let me know if there is anything I can do for you. Stay Safe!

-Mark

 

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