.png)
.png)
The HOLM Stretch | May 23, 2025
Chris Holm & Associates
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...
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...
Thanks for stopping by!
Why the housing market feels quiet right now in Canada
If the spring market feels slower than usual, you’re not imagining it.
According to the Canadian Real Estate Association (CREA), national home sales were flat in April—essentially unchanged from March, and down 9.8% compared to April 2024.
What’s causing the pause?
🏷 Tariff concerns are replacing interest rates as the key source of buyer hesitation. CREA’s Senior Economist Shaun Cathcart notes that many buyers are sitting tight due to uncertainty about Canada’s economic outlook.
📉 Prices are adjusting. The national average home price declined 3.9% year-over-year, while the MLS® Home Price Index (HPI) dropped 1.2% month-over-month. This shift gives buyers more leverage and encourages negotiation.
📦 New listings are slowing. While national inventory rose 14.3% year over year—largely due to Ontario and B.C.—the number of new listings actually fell in April. In most provinces, inventory remains tight.
What does this mean for you as a seller?
👉 The market is balanced. With 5.1 months of inventory, we’re right in line with long-term averages. This isn’t a buyer’s market or a seller’s market—it’s a market that rewards smart strategy.
👉 Serious buyers are still active. They’re just more deliberate. Homes that are priced well and move-in ready are still attracting offers—but overpricing or poor presentation could leave a listing sitting.
If you're thinking about selling this summer, now is the time to review your local market and build a strong game plan.
P.S. Want a custom market report for your neighbourhood? Just reach out and we’ll send you recent sales data and pricing trends you won’t find on the public sites.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
Scroll down for our regular real estate and community features.
In North Okanagan Real Estate
As of the morning of Friday May 23, there are 1070
homes showing as active listings here in North Okanagan. On May 16, there were 1061 homes active.
Sales ranged from $240,000. to $1,425,000. Days to sell ranged from 9 to 193. 2 listings expired, 10 were cancelled.
41 prices were reduced over the last week.
Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.
$240,000.
Low Sale
30
New Listings
$1,425,000.
High Sale
26
Listings Sold
JUST LISTED
Vernon BC Real Estate | 9510 Highway 97 #158
Check out this 2 bedroom, 2 bath adult only living opportunity in the Okanagan....
Vernon BC BC Real Estate | 1117 Mt. Fosthall Drive #10
Explore this private and presigious 3 bedroom 3 bath Vernon BC home....
Armstrong BC Real Estate |2520 Bowie Drive
Explore this 4 bedroom 3 bath home in Armstrong, BC ...
Vernon BC Real Estate | 186 Stepping Stones Crescent
This Vernon BC real estate opportunity offers 3 bedrooms, 3 baths on a 2 acre parcel minu...
Salmon Arm BC Real Estate | 3150 16th Avenue NE Salmon Arm
BUILD your home on this .20 acre lot in North East Salmon Arm. Details here....
JUST SOLD
SOLD!! Armstrong BC Real Estate | 2460 Bradley Drive
SOLD!!Brand new! Explore this 2 bed 2 bath home´s potential at Rosemont, in Arms...
SOLD11 Spallumcheen BC Real Estate |1645 Simons Road
SOLD!! Explore this 3 bedroom 2 bath home on 2.6 acres in Spallumcheen, BC...
SOLD!! Vernon BC Real Estate | 9065 Tronson Road
SOLD!! Adventure Bay Vernon BC building lot. Check out this land in the North Okanagan...
.jpg)
SOLD!! Vernon BC Real Estate | 8590 Harbour Heights Road
SOLD!! 3 bedroom 4 bath Okanagan lifestlye Lakeview home with pool! Have a look, lots to l...
ICYMI...
OUR FAVES
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
Before you drop the price, read this.
Your home’s on the market, and it’s been quiet. It’s tempting to drop the price.
But a price cut done too soon—or without strategy—can hurt more than help.
Here’s what we recommend before making any change:
- Audit your listing photos
- Review buyer feedback
- Revisit the comps
- Check your showing volume
- Ask: was your home marketed properly?
In Canada, over 30% of sellers reduced in Q1 2025—but many didn’t need to.
Let’s make sure price is the issue before we adjust it.
The Truth About Price Reductions: When (and When Not) to Lower Your Price
If your home is on the market and you're not seeing any offers, it's natural to ...
MAKING TRACKS
West Kelowna's unique trails and backcountry attractions - Making Tracks
(This is the sixth column in a series about the best trails to explore, city by city, regi...
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
4
New Listings
3
Listings Sold
0
Price Up
2
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
20
New Listings
16
Listings Sold
0
Price Up
31
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
3
New Listings
2
Listings Sold
0
Price Up
4
Price Down