March Market Snapshot

March Market Snapshot


North Okanagan Items of Note for January:

  • Unit Sales take a dive Year-over-Year (91 vs 131). 
  • Both North Okanagan and Central Okanagan hit 10-Year lows for March unit sales.
  • Overall North Okanagan market moves from Balanced Market back to a Buyer's Market.

North Okanagan Unit Sales were down 31% Year-over-Year (91 vs 131).  Sales were also down slightly from February (94), which is quite unusual given that March is the transition into the spring market.  March 2024 unit sales were 46% below the 10-Year Average of 169 unit sales (and 43% below the 23-Year average of 160).

It was a 10-year low for unit sales and over the past 23 years only 2009 saw fewer sales for the month of March (86)

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