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April Market Snapshot

Posted on May 20, 2026 by Mark Nichiporuk

Slower Sales Continue in the North Okanagan

Items of Note for April

North Okanagan sales down 10% Year-over-Year
Sales 25% below the 10 Year Average
Year to date sales down 8.8% vs 2025 and 23% below 10 Year Avg
North Okanagan on the fence between a Buyer's and Balanced Market
Central Okanagan sales down 4% Year-over-Year and 16% below the 10 Year Average
British Columbia residential home sales down 1.9% Year-over-Year and 25% below the 10 Year Average
Next Bank of Canada rate announcement June 10

The North Okanagan market continued its slower pace through April, with sales down 10% year-over-year and sitting roughly 25% below the 10-year average. Notably, April 2026 is the second slowest year for sales in the past decade, with only April 2020 at the onset of COVID seeing lower activity. Year-to-date, sales are down 8.8% compared to 2025, reinforcing the more cautious tone we’ve been seeing throughout the spring market.

Despite softer sales activity, pricing has held relatively steady. The median sale price rose 4% year-over-year to $672,450, while benchmark prices showed mixed results depending on property type. Single-family homes remained relatively flat, while townhomes saw stronger growth, up 4.3%.

Inventory levels continue to give buyers decent choice. Active listings are up about 21% above the 10-year average, even though they are down slightly compared to last year. Meanwhile, new listings declined by 13% year-over-year, suggesting sellers are also taking a more measured approach. The result is a market that isn’t oversupplied, but also not experiencing strong demand.

The North Okanagan remains right on the line between a balanced and buyer’s market, with homes taking about 61 days to sell on average. Well-priced properties are still moving, while others are seeing price reductions before attracting offers.

Across the region, similar trends continue. Central Okanagan sales were down 4% year-over-year and remain 16% below long-term averages, while BC home sales dipped 1.9% and sit 25% below the 10-year norm.

Overall, the market is steady but cautious. Buyers have more leverage, sellers need to be strategic, and many are watching the next Bank of Canada rate decision on June 10 for direction heading into summer.

Sales

North Okanagan Unit Sales were down 9.7% Year-over-Year (129 vs 143) and come in 25.4% below the 10 Year Average (173).
YTD sales are down 8.8% from 2025 (417 vs 457) and 23.3% below the 10 Year Average (544).
In the last 10 years only April 2020 saw fewer sales (69).
April 2021 saw 324 sales which is the most monthly sales in the North Okanagan for any month since at least 2008.
April 2022 was the last time actual sales were above the 10 Year Average

Median Sales Price

Median Selling Price was $672,450, which was up 4% Year-over-Year ($646,000), and up from March ($634,500).

Benchmark Price

Single Family Home Benchmark price is $758,000, which is down 0.6% Year-Over-Year and down from March ($761,700)
Townhome Benchmark price is $600,700, which up 4.3% Year-over-Year and up from March ($548,900).
Condo Benchmark price is $320,000, which is down 0.9% Year-over-Year but up from March ($303,900).
The Overall Composite Benchmark Price for the North Okanagan was up 1.1% Year-over-Year ($670,100 vs $662,600) and down from March ($656,400).

New Listings hitting the market were down 13% Year-over-Year (343 vs 394) which is about 3% below the 10-Year average (332).

Active Listings are down 3%Year-over-Year (980 vs 1015), which puts the North Okanagan about 21% above the 10 year average (811) for the month of April

The overall North Okanagan market continues to straddle the fence between a Balanced Market and a Buyer's Market.

The Sales to Active Listings ratio is 13% (down from 14% in March).
Between 12-25% is considered a Balanced Market.

The Sales to New Listing ratio is 38% (down from 39% in March).
Between 40-60% is considered a Balanced Market.

Days to Sell Average is 61 days. This is unchanged Year-over-Year (61),

Central Okanagan

Unit Sales in the Central Okanagan were down 3.6% Year-over-Year (399 vs 414), which is 16% below the 10 Year Average of 476. April Year-To-Date sales are 2.4% below 2025 (1238 vs 1269) and 20.1% below the 10 Year Average (1550).

Benchmark Price

Single Family homes price $1,049,900 which is down 1% Year-over-Year and unchanged from March ($1,047,900)
Townhome price $724,000 which is down 1.5% Year-over-Year and unchanged from March ($725,500)
Condo price is $497,500 which is down 2.3% Year-over-Year but up from March ($471,800)
The Overall Composite Benchmark Price for the Central Okanagan was unchanged Year-over-Year ($798,900 vs $797,600) and up from March ($777,500)

The chart below shows Benchmark Prices for the Central Okanagan over the past 24 months.

April saw 1039 New Listings hit the market, which is down 14% Year-over-Year (1207) and 4.7% above the 10-Year Average of 992.

And the 3057 current Active Listings is down 8.5% Year-over-Year (3342) and is 34.5% above the 10-year average of 2272.

With a Sales to Active Listings ratio of 13% and Sales to New Listings ratio of 38% the Central Okanagan straddles the line between a Buyer's Market and a balanced market.

Okanagan Shuswap Report

Local Residential Real Estate Market Activity Showing Stability and Resilience

KELOWNA, B.C. – May 5, 2026 Residential real estate activity in April showed great resilience in the Interior in comparison to other BC markets, reports the Association of Interior REALTORS® (the Association).

A total of 1,319 residential unit sales were recorded across the Association region in April, up from March’s 1,154 units, and up 0.2% compared to units sold in April 2025.

New residential listings saw an 8.9% decrease compared to April 2025 with 3,134 new listings recorded last month, yet up from the previous month’s 3,059 new listings. The total number of active listings saw a 5.0% decrease in inventory compared to April 2025 with 8,926 recorded across the Association region. The only percentage increase in active listings across the Association region was recorded in the Kamloops and District region with a total increase of 2.3% compared to April last year.

“With sales closely tracking last year’s activity, the Interior real estate market remains comparatively resilient amid other provincial markets that are experiencing increased volatility,” says Association of Interior REALTORS® President Ryan Mayne, adding that “with healthy inventory levels, balanced market conditions and prices staying fairly steady, it remains important for sellers to price appropriately at the onset so listings don’t go stale.”

In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-areas in year-over-year comparisons with the exception of the Shuswap/Revelstoke region that saw a percentage increase of 2.3%, coming in at $725,800. The townhome housing category saw percentage increases in all sub-areas with the exception of the Central Okanagan region that saw a slight decrease of 1.5% compared to the same month the previous year, coming in at $724,000. The benchmark price in the condominium housing category saw decreases in all sub-regions compared to April 2025 with the highest percentage decrease of 2.3% recorded in the Central Okanagan, coming in at $497,500.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® Mark Nichiporuk to find out more about the real estate market and how I can help you achieve your real estate goals.

British Columbia Report

Market Activity Endures Through Foreign and Domestic Headwinds

Vancouver, BC – May 11, 2026. The British Columbia Real Estate Association (BCREA) reports that 6,311 residential unit sales were recorded in Multiple Listing Service^® (MLS^®) Systems in April 2026, down 1.9 per cent from April 2025. The average MLS^® residential price in BC in April 2026 was up 0.8 per cent at $952,768 compared to $944,796 in April 2025.

Total MLS^® residential sales dollar volume was $6.01 billion, down 1.1 per cent from the same time the previous year. BC MLS^® unit sales were 25.38 per cent lower than the ten-year average for the month of April.

“Challenges in the local economy and labour market, combined with upward pressure on rates due to the ongoing oil supply shock, are continuing to suppress pent-up demand and weaken overall market activity,” said BCREA Chief Economist Brendon Ogmundson. “However, modest monthly gains (seasonally adjusted) in some regions hopefully depict the beginning of a broader stabilization in housing activity, underpinned by improved affordability conditions that should encourage prospective buyers to enter the market.”

Year-to-date, BC residential sales dollar volume is down 9.5 per cent to $18.7 billion, compared with the same period in 2025. Residential unit sales are down 7.6 per cent year-over-year at 20,059 units, while the average MLS^® residential price is also down 2 per cent to $932,492.

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