January Market Snapshot

January Market Snapshot

A Typical January - Just Slower

North Okanagan Items of Note for January:

  • Median Sales Price up Year-over-Year but down big from December's huge gains 
  • Unit Sales up 11% Year-over-Year but 32% below 10 Year average
  • Overall North Okanagan market moves from Balanced Market to a Buyer's Market

While North Okanagan Unit Sales were up 11% Year-over-Year (61 vs 55), sales are still quite sluggish.  In the past 10 years, in the North Okanagan, only last year saw fewer sales (55) for the month of January.  January 2024 unit sales were 32% below the 10-Year Average of 90 unit sales and 31% below the 23-Year Average of 88 unit sales. 

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