The Kelowna market took a breath this week — and the data shows why that matters.

264 new listings came to market this week — down meaningfully from the week before. Fewer listings hitting the market at once means less competition for the homes that are priced right, and the data shows it. Condos in particular had their strongest week in months. The detached market remains demanding above $900K, but the overall picture is slightly more balanced than it's been. Scroll down for the full read.

Based on 264 new listings for the week of June 15–21 and recent sales activity across the Central Okanagan. Directional signals — not market guarantees.

Condos are quietly having their best week in a while — and the numbers back it up.

This week condos had the lowest listing failure rate of any property type across the Central Okanagan — a real shift from the picture we've been seeing in recent months. Buyers are active across all three price brackets, with the premium $600K+ end showing particularly clean results. Average days on market is running around ten to eleven weeks, so this isn't a fast market — but it is a functioning one. If you've been waiting for a cleaner window to list a condo, this week's data is worth paying attention to.

Based on condo sales data within this week's dataset. Individual results vary significantly by building, location and condition.

The detached market is sending a clear signal about where buyers are and aren't willing to go.

Under $700K, detached homes are moving with almost no friction — the lowest failure rate of any detached bracket and the fastest average time to sale. From $700K to $900K the market gets noticeably more selective — buyers are there but they're taking their time and they have options. Above $1.2M, more than a third of listings are failing to sell in any given period. That's not a reason to panic if your home sits there — but it is a reason to have a very honest conversation about strategy before you list.

Based on detached sales and listing activity in this week's dataset. Individual results vary by location, condition and pricing strategy.

Two neighbourhoods led the Central Okanagan on sales volume this week — and they're worth watching.

Westbank Centre topped the sales board this week, with more completed transactions than any other neighbourhood in the region. Glenmore matched it stride for stride on the Kelowna side of the lake. Both areas have a healthy mix of property types and price points — which is exactly why they're performing. The most active markets right now aren't necessarily the most prestigious addresses — they're the ones where supply, demand and price are genuinely aligned. This week that alignment showed up most clearly in these two neighbourhoods. Shannon Lake and Lower Mission were close behind with strong weeks of their own.

Based on sales activity for the week of June 15–21 in this dataset. Neighbourhood results can shift significantly week to week.

This week felt like the market settling rather than sliding.

Fewer new listings, slightly fewer failures, and condos performing better than they have in months — those are real signals, even if they're modest ones. What the data keeps reinforcing is that Kelowna isn't one market right now. It's several running simultaneously at different speeds and different levels of difficulty. The buyers are out there. The deals are happening. But they're happening in specific brackets, specific neighbourhoods, and for sellers who went in with a realistic strategy from day one. If you're trying to figure out where your home fits in that picture — we'd love to help you work it out.

Gary Graham

250-808-8253

Erin Graham

250-826-7781