Okanagan Housing Update – April 2024

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The residential real estate market experienced a noticeable increase in activity in April, with a significant influx of new listings entering the market, according to a report by the Association of Interior REALTORS®^ (the Association). This surge in inventory suggests that the market is warming up, potentially offering more options for buyers and signaling a busy period ahead for real estate activity in the area. The increase in homes available for sale might also indicate a shift towards a more balanced market, where buyers have a better chance of finding a property that suits their needs without the intense competition seen in tighter markets.

Residential Home Sales 

A total of 1,282 residential unit sales* were recorded across the Association region in April coming in above March’s 977 units sold and almost on par compared to April 2023 with a 0.1% decrease.



New residential listings saw a hardy uptick of 34.3% compared to April 2023 with 3,409 new listings recorded last month. The total number of active listings saw an increase of 41.6% of total inventory compared to April 2023 with 8,838 recorded across the Association region. The highest percentage increase in active listings was in the Shuswap/Revelstoke region with a total increase of 58.5% compared to April 2023.


Home Sales by Property Type  

The benchmark price for single-family homes saw decreases in the Central Okanagan, North Okanagan and Shuswap/Revelstoke regions in year-over-year comparisons, while the South Okanagan region saw a slight increase of 1%, coming in at $758,000. Benchmark pricing in the townhome housing category saw decreases compared to April 2023 across all regions with the highest percentage decrease recorded in the South Okanagan coming in at $509,100. In the condominium housing category, all regions, with the exception of the South Okanagan, saw decreases in the benchmark price for April 2024 compared to the same month last year.


Welcome to an Elevated Real Estate Experience 

At Stilhavn, we continue our relentless pursuit of excellence because it’s our intrinsic belief that our clients deserve better than the status quo. When you become a client with Stilhavn you become a client for life, and it is our privilege to serve not only our local Okanagan market, but further corners within the Lower Mainland. 

We keep our fingers on the pulse, we collaborate extensively across our teams, and we are committed to providing an elevated experience when it comes to your next buying or selling journey. 


*All statistics are courtesy of The Association of Interior REALTORS®.
^The Association of Interior REALTORS® is a member-based professional organization serving approximately 2,500 REALTORS® who live and work in communities across the interior of British Columbia including the Okanagan Valley, Kamloops and Kootenay regions, as well as the South Peace River region.
The Association of Interior REALTORS® was formed on January 1, 2021 through the amalgamation of the Okanagan Mainline Real Estate Board and the South Okanagan Real Estate Board. The Association has since also amalgamated with the Kamloops & District Real Estate Association and the Kootenay Association of REALTORS®.