Residential real estate activity across the Okanagan remained steady in May as sales tracked seasonal expectations and benchmark prices showed mixed year-over-year results.
The Association of Interior Realtors reported 1,456 residential sales across its region in May, up from 1,319 in April and down 1.4 per cent from May 2025.
New residential listings fell 13.3 per cent from a year earlier, with 3,102 properties added to the market in May. Active listings across the association region totalled 9,486, down 6.8 per cent from May 2025.
Association president Ryan Mayne said balanced market conditions continue across the Interior despite fewer new listings coming to market.
“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,” said Mayne.
“This dynamic has helped maintain balanced market conditions, creating fair opportunities for both buyers and sellers.”
In the Okanagan, benchmark prices for single-family homes were largely unchanged from a year ago. The Central Okanagan was the only sub-region to record an increase, rising 0.6 per cent to $1,062,800. Other Okanagan sub-regions posted year-over-year declines.
The townhome market produced mixed results. Benchmark prices increased 3.8 per cent in the North Okanagan, while the Central Okanagan recorded a 1.9 per cent decline to $732,400. The South Okanagan saw a larger decrease of 3.2 per cent, with the benchmark price falling to $510,000.
Condominium prices were also mixed across the region. The Central Okanagan was the only sub-region to post a year-over-year decline, slipping 1.8 per cent to $498,200, while other sub-regions recorded gains.
The figures suggest Okanagan housing markets remain relatively stable, with benchmark prices showing modest movement despite lower listing activity and tighter inventory levels.
