The February Market
February in the Okanagan carries the quiet rhythm of winter while hinting at the transition toward the spring season. Snow-lined landscapes and cooler temperatures remain part of daily life, yet market activity begins to show gradual signs of reawakening after the slower start to the year. Buyers and sellers alike use this time to prepare, with new listings and renewed interest setting the stage for increased movement in the coming months. While the pace remains steady and deliberate, February represents a key bridge between winter’s slowdown and the more active spring cycle, offering space for strategic planning before momentum builds.
Residential Market Overview
According to the Association of Interior REALTORS (the Association), a total of 838 residential unit sales were recorded across the Association region in February, up from January’s 623 units, and down 8.0% compared to units sold in February 2025.
Kadin Rainville, President of the Association, notes “after a sluggish start to the year in January, sales seemed to return to a more normal pace last month. Although we’re still sitting just below average levels, momentum is building and heading in the right direction. Demand hasn’t disappeared, and with more listings coming online, we may just be seeing a natural lag between renewed interest and finalized sales.”
Inventory
Single-family home inventory in the Central Okanagan totaled 1,045 in February 2026, up 11.2% from last month and down 9.6% versus last year. At 355, inventory within the townhome housing category was up 11.5% versus last month and down 9.4% over last year. Inventory of condominium homes in the Central Okanagan was 705 in February 2026, up slightly over last month (2.8%) but up by 0.9% versus last year.
Benchmark Price by Property Type
In the Central Okanagan, the benchmark price for single-family homes decreased by 0.35% over last month, but up 1.8% over last year, coming in at $1,056,600.
In the townhome housing category, the benchmark price decreased by 1.05% over last month and down by 8.1% over last year, coming in at $671,300.
The benchmark price in the condominium housing category saw a decrease from February 2025, and a decrease of 6.9% over last month, coming in at $472,000.
The Stilhavn Report
Whether you are looking to buy or sell a home or investment property in the coming months, or just curious about what’s happening in your neighbourhood, The Stilhavn Report has you covered. Providing in-depth market information and monthly summaries of what’s happening in Metro Vancouver and the Okanagan, these monthly reports are the perfect starting point for first time buyers and market savvy investors alike.
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.
