North Okanagan Existing Home Sales Officially Outpace New Listings in October 2017

North Okanagan Existing Home Sales Officially Outpace New Listings in October 2017

North Okanagan Residential Real Estate Trends: October 2017

North Okanagan sales of single family, attached-wall and apartment properties totaled 160 units in October 2017, which was down by -11% when compared to the same month in 2016. However, by the same comparison new listings in this market were down by -12% in October 2017 amidst a sales-to-listing ratio that equaled 116%.

Overall, the average sale price was +10% higher in October 2017 by comparison to October 2016 (+10% year-to-date) while inventory levels remained lower by -20%.

To view specific trends by property types see the slide shows below:

 

North Okanagan Existing Home Trends by Product Type October 2017


Disclaimer: Although the data analyzed have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of this articles information.

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