Okanagan Real Estate Market Show Signs Of Strengthening For Second Straight Month
Items of Note for November:
- North Okanagan November sales see nice boost - up 17% Year-over-Year (118 vs 101) which is just 13% below the 10 Year Average for Nov (136).
- Prices remain fairly strong
- while Median Selling Price and Average Selling Price were down significantly from October they still set all time highs for the month of November.
- the Composite Benchmark Selling Price up Year-over-Year ($671,500 vs $635,900) and up from October ($651,000).
- Central Okanagan sales rebounding for second straight month - up 30% Year-over-Year (298 vs 230). While still 20% below the 10 Year Average (373) it is a marked improvement over what the Central Okanagan experienced for much of 2024.
- British Columbia residential home sales up 25.7% Year-over-Year
- Bank of Canada lowers overnight rate 50 basis points to 3.25%.
Sales
North Okanagan Unit Sales were up 17% Year-over-Year (118 vs 101) and were only 13% below the 10 Year average (136). 
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