As the Okanagan transitions into spring, the region continues to show signs of a balanced real estate landscape. With longer days, mild temperatures, and increased buyer activity, March set the stage for a season of renewed market energy. Spring in the Okanagan also brings a fresh wave of community events, farmers markets, and outdoor festivals—adding even more appeal to life in the valley.
Residential real estate sales in March maintained a steady pace, supported by healthy inventory levels, reports the Association of Interior REALTORS®^.
Residential Home Sales
A total of 1,143 residential unit sales* were recorded across the Association region in March, coming in above February’s 914 units and up 11.9% compared to units sold in March last year.
Inventory
New residential listings saw a moderate increase of 3% compared to March 2024 with 3,214 new listings recorded last month. The total number of active listings saw an 8.3% increase in total inventory compared to March 2024 with 8,374 recorded across the Association region. The highest percentage increase in active listings across the Association region for a second consecutive month was in Central Okanagan with a total increase of 14.3% compared to the same month last year.
Home Sales by Property Type
In the Okanagan, the benchmark price for single-family homes saw increases last month in all regions in year-over-year comparisons with the highest increase of 7.2% seen in the South Okanagan region, coming in at $771,100. Similarly, in the townhome housing category, benchmark prices saw increases in all regions with the South Okanagan seeing the highest percentage increase of 6.4%, coming in at $529,100. The benchmark pricing for condominiums recorded the South Okanagan being the only region that saw a decrease of 3.6%, while the Revelstoke/Shuswap, Central and North Okanagan all saw increases of 4.2%, 4.1% and 5.3% respectively.
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.
