The September Market
September in the Okanagan blends the last of late-summer activity with the return of school and community routines. The region’s lifestyle remains vibrant—anchored by outdoor events, harvest season, and cultural gatherings—even as households shift their focus toward the months ahead. In the real estate market, this translates into a measured pace where motivated buyers and well-presented listings stand out. The consistency established through the summer provides a stable backdrop, while proactive buyers who act now can position themselves advantageously before the fall market gains momentum. Residential real estate sales held steady in September despite the typical seasonal dip in activity, reports the Association of Interior REALTORS® (the Association).
Residential Market Overview
According to the Association, a total of 1,242 residential unit sales were recorded across the region in September, down from August’s 1,319 units, yet up 17.8% compared to units sold in September last year.
Kadin Rainville, President of the Association, notes:
“Real estate markets rarely move in a straight line and modest fluctuations from month to month are a normal part of the cycle. After being impacted by economic factors in the first half of the year, today’s trends reflect resilience and recovery. The fact that figures are stronger than last year, with active listings shrinking as sales climb, is an encouraging indicator that the market is gaining strength and stability.”
Inventory
New residential listings saw a 9.8% increase compared to September 2024 with 2,643 new listings recorded last month. The total number of active listings saw a 0.3% decrease in inventory compared to September 2024 with 9,853 recorded across the Association region. The highest increase in active listings across the Association region was recorded in the Kamloops and District with a total increase of 9.7% 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 increases last month in all sub-regions in year-over- year comparisons with the exception of the North Okanagan, which saw a decrease of 1.4%, coming in at $753,500.
The townhome housing category saw benchmark price decreases in the Shuswap/Revelstoke, North and South Okanagan, while the Central Okanagan region saw an increase of 1.6% compared to September 2024, coming in at$736,500.
The benchmark pricing in the condominium housing category recorded South Okanagan being the only region that saw an increase of 1.7% compared to the same time last year, coming in at $421,300.
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.
