The November Market
November in the Okanagan marks the final phase of the fall real estate season, as shorter days and cooler temperatures begin shifting households toward year-end routines. With this transition, the market naturally slows and eases into the holiday season, reflecting a softer pace of activity typical for this time of year. Even so, the region continues to demonstrate stability—supported by lifestyle-driven interest and buyers who remain engaged despite seasonal pauses. Well-presented listings and realistic pricing are aligning with buyer expectations, fostering a more measured and thoughtful decision-making environment as winter approaches.
Residential Market Overview
According to the Association, a total of 939 residential unit sales were recorded across the Association region in November, down from October’s 1,274 units, and down 5.1% compared to units sold in November last year.
Kadin Rainville, President of the Association, notes “It’s common for real estate activity to ease as the holiday season nears, but November tapped the brakes a little harder than usual. With many buyers and sellers focused on seasonal plans, the market continues to move, but at more of a casual stroll rather than its typical seasonal pace. However, buyers and sellers remain engaged with relatively healthy inventory levels that will provide a strong foundation heading into the new year.”
Inventory
New residential listings saw a 6.6% decrease compared to November 2024 with 1,490 new listings recorded last month. The total number of active listings saw a 0.3% increase in inventory compared to November 2024 with 7,909 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded for a second consecutive month in the North Okanagan with a total increase of 10.9% compared to the same month last year.
Home Sales by Property Type
In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-regions in year-over-year comparisons with the exception ofthe South Okanagan, which saw an increase of 5.5%, coming in at $755,600.
The townhome housing category recorded South Okanagan being the only region that saw an increase of 6.0% compared to the same time last year, coming in at $521,900.
The benchmark pricing in the condominium housing category saw increases in all sub-regions compared to November 2024, with the highest increase of 4.6% recorded in the Shuswap/Revelstoke region, coming in at $430,300.
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.
