North Okanagan Items of Note for September:
- Sales still sluggish - despite being up 8% Year-over-Year (105 vs 97) sales are 35% below the 10 Year Average for Sept.
- Prices remain strong - Median Selling Price and Average Selling Price set all time highs for the month of September.
- The North Okanagan market continues to be in a Balanced Market.
Sales
North Okanagan Unit Sales were up 8% Year-over-Year (105 vs 97) but were 35% below the 10 Year average (162). If you recall last year the fires in West Kelowna and the Shuswap essentially shut down real estate for the month of September. So while an 8% Year-over-Year increase in sales is positive, keep in mind that last September I mentioned that if we go back all the way to 2002 the only September with lower sales than 2023 was in 2008 (88).
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