Week of July 27–August 2, 2026 · Central Okanagan Real Estate
Ten Weeks of Data · Graham Real Estate
Sales jumped to their highest level in ten weeks. So did the number of homes that failed to sell.
224 new listings came to market. 125 homes sold — the strongest sales week since we began weekly tracking in late May. But 190 listings expired or were cancelled, pushing the fail rate to 60%, up from 56% the week before.
Both things are true at once, and that is the defining feature of this market. Buyer activity is real and improving. At the same time, a large body of listings that came to market earlier in the year at spring pricing is now reaching the end of its listing term without selling.
New listing, sales, expired and cancelled figures from Royal LePage Kelowna weekly board data, Single Family Residential, Central Okanagan, week of July 27 – August 2 2026.
The market by home type
How much choice buyers have right now
Latest complete month: loading. More than six months of inventory generally means buyers have more choice and time.
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Latest monthly figures
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Latest monthly figures
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Latest monthly figures
Median sold price, sold-to-original-list ratio and days on market from our own Quick CMA analysis of residential sales reported for the week — not board-published figures.
Ten weeks of tracking. Not one week where sales exceeded failures.
| Week | New Listings | Sales | Unmatched | Non-sale rate |
|---|---|---|---|---|
| May 25–31 | 216 | 123 | 151 | 55% |
| June 8–14 | 259 | 116 | 116 | 50% |
| June 15–21 | 264 | 117 | 122 | 51% |
| June 22–28 | 246 | 106 | 118 | 53% |
| June 29–Jul 5 | 212 | 89 | 184 | 67% |
| July 6–12 | 234 | 100 | 135 | 57% |
| July 13–19 | 231 | 106 | 152 | 59% |
| July 20–26 | 215 | 98 | 125 | 56% |
| Jul 27–Aug 2 | 224 | 125 | 190 | 60% |
May 25–Jun 21 figures from Single Family Residential board graphics. Jun 22 onwards from Royal LePage Kelowna weekly board data, Single Family Residential, Central Okanagan. Failures = expired + cancelled.
The fail rate has moved between 50% and 67% for ten straight weeks. What changed this week is the volume on both sides: more sales, and considerably more listings coming off the market unsold.
For sellers, the number that matters most is not the fail rate itself — it is the 97.3% sold-to-original-list ratio. Homes that sold this week did so within roughly three percent of the price they were first listed at, in a median of 43 days. Precise pricing at launch is still what separates a sale from an expiry.
"Ten weeks in: 125 sales was the best week yet, and it still wasn't enough to outpace the failures."
Homes priced right sold in six weeks. Homes priced on hope came off the market.
The median successful seller accepted 97.3% of their original asking price. That is a narrow discount — it tells you the market is not demanding fire-sale pricing. What it will not do is chase an aspirational number.
The practical takeaway: get the launch price right, be visible in the first two weeks, and be prepared to act on early feedback. The listings that failed this week were, in most cases, listings that spent their momentum waiting.
Thinking about listing this fall? The launch price is the whole game right now.
Graham Team Take
A 125-sale week is genuinely encouraging. It shows there is a functioning buyer pool in the Central Okanagan at current price levels, across price points up to $4.6M.
But the same week produced 190 unsold listings coming off the market. Those are ten months of accumulated optimism reaching its expiry date. Both numbers belong in the same conversation.
We publish this every week because the honest read is more useful than the hopeful one. If you want to know what your specific property looks like against this data, call us.
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Get my street reportGraham Real Estate Team · Royal LePage Kelowna
Data sourced from Royal LePage Kelowna weekly board statistics and Association of Interior REALTORS® MLS system. Single Family Residential, Central Okanagan. CMA metrics from our own analysis of reported residential sales.
Graham Real Estate Team · Royal LePage Kelowna. Non-sale rate = expired plus cancelled listings divided by sales plus expired plus cancelled. Weekly totals and residential details come from the sources named above.
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