Click above to watch a video for the real estate statistics for the month of November, and where there could be an opportunity right now for sellers and buyers.
For all of the Central Okanagan, sales have been slowing all year. Currently in November there was 255 total sales. With another rate increase slated for December, it is tough to know what will happen in the real estate markets across Canada.
255 total sales in November. Which was down from 310 sales in October and down from last year's sales, of 567 sales last November.
2,195 Total active listings, which is down from October of 2318 active listings.
November median days to sell stayed the same at 40 days and the average days to sell stayed the same at 55.
Based on the sales and the number of active listings, the current months of inventory is sitting at 8.27 months for the overall market which is well within the balanced market range.
Single Family Residential Homes
Single-Family Sales 127
New Listings 235
Current Inventory 1,105(1,214 in October)
Total Sold Dollar Value $144,450,020
Median Days to Sell 43
Average Days to Sell 57
Average Sale Price $1,137,405
Months of inventory 8.28
Townhome Activity
Townhome Sales 34
New Listings 73
Current Inventory 294
Total Sold Dollar Value $26,417,850
Average Days to Sell 51
Median Days to Sell 36
Average Price $776,996
Months of Inventory 8.65
Apartment/Condo
Condo/Apt Sales 72
New Listings 142
Current Inventory 446
Average Days to Sell 51
Median Days to Sell 39
Average Price $537,024
Months of Inventory 6.19