Much Like 2024 But With Much Lower Interest Rates

Items of Note for April:

• North Okanagan Year-over-Year sales flat (143 vs 143) and come in 23% below the 10 Year average for April (185).  Over the past three years April sales consistently low (149, 143 & 143).
• Median Selling Price up 2% Year-over-Year while Average Selling Price was also up 2% Year-over-Year.
• the Composite Benchmark Selling Price was up 3.6% Year-over-Year ($670,000 vs $646,600) but down slightly from March ($673,700).
• North Okanagan sees the highest number of Active Listings for April since 2016. 
• The North Okanagan straddles the line between a Buyer's and a Balanced market
• Central Okanagan sales unchanged Year-over-Year (415 vs 415) and come in 19% below the 10 Year Average (415 vs 510).  (March sales were 30% below the 10 Year Average).
• British Columbia residential home sales for month of April down 14.6% Year-over-Year
• Overnight Rate April 2025: 2.75%, Overnight Rate April 2024: 5%

Sales

North Okanagan Unit Sales were unchanged Year-over-Year (143 vs 143) which is 23% below the 10 Year Average of 185 (March was 28% below the 10 year average).   In the past 10 years only 2020 had fewer sales (69).

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