June Okanagan Housing Report

The OMREB reports:

“Residential sales in the Okanagan continue to be brisk, with sales of 1263 units posted to the Multiple Listing Service (MLS®) in June, up 38% from June of last year reports the Okanagan Mainline Real Estate Board (OMREB).

“Housing demand continues to be robust in all three regions we serve. While days to sell rose slightly in June to 81 days from 77 in May, consumers looking to buy are still likely to feel pressure to respond quickly and decisively to listings”, says Anthony Bastiaanssen, OMREB President and active REALTOR® in the central Okanagan, noting that the advice and guidance of a real estate professional can really make a difference in these challenging market conditions.

Bastiaanssen notes that the average MLS® residential price this past month was $475,091, slightly down from $486,636 in May and representing a 16 % increase over the same month last year. In all regions served by OMREB, active listings dropped 21.37% compared to this time last year.”

Read full report here

Let us guide you through the buying and selling process in this competitive market. Real Estate is what we are passionate about and we are dedicated to serving you in the North Okanagan, Shuswap and Thompson Valley!