Market News - September 2021
AUTUMN COOLING
Summer is past and the market seems like it has cooled. Unfortunately, it only seems like it because there is not enough real estate to go around. Demand continues to set records as low inventory does the same. With the election settled and continued interest in living the Okanagan dream, it is unlikely the market will reverse its upward course this year.
+26.65%
AVERAGE PRICE
Increase for sales in 2021 from this time last year.
32
DAYS TO SELL
64% (33 days) faster than this time last year.
$873,000
MEDIAN PRICE
for a single family home in the Okanagan.
Let's Chat
Brody Mader
250-899-1455
brody@okanaganlifestylegroup.com
Suite 108 - 1289 Ellis St, Kelowna, BC V1Y 9X6
Seasonal Markets
We are often asked when is the best time to sell real estate? Common thought is the spring. While it is true that the spring is very busy, historically the end of September to the end of November is actually the busy season for the OKLG. People who visited in the Summer decide that the Okanagan is a good place to live and want to buy here.
Not intended to solicit properties currently listed for sale or individuals currently under contract. Sotheby’s International Realty Canada is Independently Owned And Operated.