Okanagan Real Estate Market Update – June 2024

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As June temperatures increased, so did the active listings while residential real estate activity dipped amid growing inventory, reports the Association of Interior REALTORS®^ (the Association).

Much like the weather, real estate sales activity in June was not the typical seasonal activity that we have seen in recent years that tends to increase as the warmer climate arrives,” says the Association of Interior REALTORS® President Kaytee Sharun, adding that “well-priced properties are primed to move at a faster pace.

Residential Home Sales 

A total of 1,330 residential unit sales were recorded across the Association region in June coming in below May’s 1,512 units and 21.6% below June 2023’s units sold.



New residential listings saw a minor down tick of 1.4% compared to June 2023 with 3,218 new listings recorded last month. The total number of active listings saw an upswing of 36.3% of total inventory compared to June 2023 with 9,986 recorded across the Association region. The highest percentage increase in active listings for a consecutive month was in the Central Okanagan region with a total increase of 48.3% compared to June 2023.


Home Sales by Property Type  

The benchmark price for single-family homes saw decreases in the Central, South and North Okanagan regions in year-over-year comparisons, while the Shuswap/Revelstoke region saw an increase of 4.1%, coming in at $753,200. Benchmark pricing in the townhome housing category saw decreases in all regions compared to June 2023. In the condominium housing category, all regions, with the exception of the South Okanagan, saw consecutive decreases in the benchmark price for June 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®.