August Real Estate Statistics – Kelowna and The Central Okanagan
Doubled Active Listings and a 26% Drop in Solds – August is Telling Us Something!
Active listings nearly doubled according to August real estate statistics recently released from the Association of Interior REALTORS ®. This statistic has been climbing each month as we see more and more homeowners list their homes for sale. In fact, 865 new listings contributed to Kelowna’s real estate inventory increase this month.
All that new inventory, combined with a large drop in sales activity confirms that buyers are taking their time with home purchases in the Central Okanagan. Evidently, home inspections, longer subject lists and more selection point to a buyers market. That, combined with a steadily increasing interest rate means we are seeing things cool off considerably from the previous year.
If you’re selling we have tips and advice to get your home listed and sold for top dollar even in a competitive market. Specifically, we can help answers your questions and overcome the challenges you face in today’s market. Learn more about the local market and what our experienced Kelowna real estate team can do for you today and get in touch with us!
August Real Estate Statistics – Kelowna and The Central Okanagan
See the detailed statistics for the month of August in Kelowna below. For more details give us a call!