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North Okanagan Home Market Update January 19, 2023

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan. We are a true real estate co...

Homes in the North Okanagan

Chris shares the details you want to know on North Okanagan Home Sales from January 8th to 15th, 2023.

The information provided relates to Single Family Homes only.

What happened in

North Okanagan Home Sales January 8th to 15th, 2023

Are you trying to make sense of the constantly changing housing market? It's important to stay informed with up-to-date weekly local market reports so you can stay one step ahead of rapidly shifting economic winds!

So here's the past week of single-family home sale statistics in the North Okanagan

3 homes sold the week of January 8 to January 15
Averaging 41 days on the market & a sale price average of $760,500.

No properties sold at or above asking, and buyers negotiated over $13,000 off of the list price.

The number of homes currently listed is 200

What does that mean?

For Potential Sellers - Homes that are selling in our area are still selling faster than that of the month of January over the last 10 years.

For Buyers - while there are more homes on the market now than in the past 2 Januarys - inventory is still really tight. 8 of the last 10 years, there were more homes to choose from, for example, 10 years ago, there were over 500 homes listed Compared to the 200 this week.

We hope you find this market update useful. As always, if you have questions or comments, please don't hesitate to reach out to our team. We are here to help!