The March Market
March in the Okanagan signals the arrival of early spring, as the region begins to emerge from its winter rhythm and activity picks up across local communities. With more listings entering the market and renewed interest from buyers, this period represents a shift toward increased engagement heading into the spring season. While the pace remains measured, momentum is building as households begin to act on plans established earlier in the year. Well-presented listings and realistic pricing continue to align with buyer expectations, supporting steady transactions. Overall, March marks a turning point—laying the groundwork for a more active market in the months ahead.
Residential Market Overview
According to the Association of Interior REALTORS (the Association), a total of 1,154 residential unit sales were recorded across the Association region in March, up from February’s 838 units, and up 1.3% compared to units sold in March 2025.
Kadin Rainville, President of the Association, notes that “although sales are still trailing the 10-year average, recent sales activity is a positive sign as we head into the typically busy spring market. We’re seeing improvement from earlier in the year, even as inventory edges down slightly compared to the same time last year, which is likely a reflection of economic uncertainty continuing to temper some consumer confidence. In this environment, strategic pricing is essential to capture buyer attention and maximize results.”
Inventory
Single-family home inventory in the Central Okanagan totaled 1,139 in March 2026, up 9% from last month and down 16.2% versus last year. At 389, inventory within the townhome housing category was up 9.6% versus last month and down 8.0% over last year. Inventory of condominium homes in the Central Okanagan was 756 in March 2026, up 7.2% over last month but down by 5.9% versus last year.
Benchmark Price by Property Type
In the Central Okanagan, the benchmark price for single-family homes decreased by 0.82% over last month, but is up 0.11% over last year, coming in at $1,047,900.
In the townhome housing category, the benchmark price increased by 8.1% over last month and down by 3.4% over last year, coming in at $725,500.
The benchmark price in the condominium housing category saw a decrease from March 2025, and a decrease of 0.04% over last month, coming in at $471,800.
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.
*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®.
