The May Market
May in the Okanagan brings a noticeable shift in seasonal rhythm, as communities become increasingly active and the region begins preparing for the busy summer months ahead. As spring takes hold, the housing market continues to reflect the steady pace typically seen at this time of year. Buyers and sellers are approaching decisions thoughtfully, supported by balanced market conditions and healthy levels of activity across the region. Overall, May reflects a stable market environment, with residential real estate activity remaining in line with seasonal expectations as the Okanagan moves toward the summer season.
Residential Market Overview
The Association region recorded 1,456 residential sales in May, up from 1,319 in April and nearly matching May 2025 activity, with a modest year-over-year decrease of 1.4%.
Ryan Mayne, President of the Association, notes that “while new listing activity remains below last year’s levels, overall real estate activity across the Interior continues at a healthy and sustainable pace. The decline in new listings could, in part, reflect buyers’ continued demand for greater choice, with fresh inventory often being absorbed into sales relatively quickly after coming to market. As a result, inventory levels have had limited opportunity to build despite a steady flow of new listings. This dynamic has helped maintain balanced market conditions, creating fair opportunities for both buyers and sellers.”
Inventory
Single-family home inventory in the Central Okanagan totaled 1,354 in May 2026, up 6.28% from last month and down 12.5% versus last year. At 432, inventory within the townhome housing category was up 3.6% versus last month and down 2.0% over last year. Inventory of condominium homes in the Central Okanagan was 790 in May 2026, down 0.5% over last month but down by 16.9% versus last year.
Benchmark Price by Property Type
In the Central Okanagan, the benchmark price for single-family homes increased by 1.23% over last month, and is up slightly by 3.14% over last year, coming in at $1,062,800.
In the townhome housing category, the benchmark price increased by 1.16% over last month and down by 1.72% over last year, coming in at $732,400.
The benchmark price in the condominium housing category saw a decrease from May 2025, and an increase of 0.14% over last month, coming in at $498,200.
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.
