Central Okanagan Real Estate Market Update – August 2025

The Central Okanagan real estate market continued to show resilience in August 2025, with rising sales and steady inventory levels across most property types. Whether you’re a buyer, seller, or investor, understanding these numbers from the Association of Interior REALTORS® can help you make confident real estate decisions.

📊 Overall Market Snapshot – August 2025

The summer market brought strong activity across the region. Sales increased by over 8% compared to last year, while inventory levels grew modestly, giving buyers more choice without overwhelming supply.

  • Total Listings: 9,691 (▲ 2.88% vs. Aug 2024)

  • Total Sales: 3,187 (▲ 8.33%)

  • List-to-Sales Ratio: 32.89%

  • Average Days on Market: 68 (up from 61)

This balanced environment is creating opportunities for both buyers and sellers as we transition into the fall season.

🏡 Detached Homes – Strong Growth Continues

Detached homes remain the most active segment in the Central Okanagan market.

  • Sales: 1,365 (▲ 14.13%)

  • Average Price: $1,092,004 (▲ 5.66%)

  • Median Price: $973,000

  • Average Days to Sell: 57

📌 Demand for detached properties continues to drive price growth, supported by a strong pool of buyers and slightly reduced inventory compared to last year.

🏢 Condos – More Choice, Softer Pricing

The condo market is offering more flexibility for buyers, with a modest increase in inventory and price adjustments.

  • Sales: 739 (▲ 1.51%)

  • Average Price: $484,951 (▲ 0.80%)

  • Median Price: $434,900 (▼ -3.36%)

  • Average Days to Sell: 65

📌 With prices leveling off and more units available, condos present excellent opportunities for first-time buyers, investors, and downsizers looking for affordability and selection.

🏘 Townhouses – Reliable and Balanced

Townhouses remain a steady choice, appealing to families and downsizers seeking space and value.

  • Sales: 458 (▲ 2.46%)

  • Average Price: $713,778 (▲ 1.11%)

  • Median Price: $680,000

  • Average Days to Sell: 57

📌 The townhouse segment is showing modest price growth and stable demand, making it a reliable part of the Central Okanagan market.

💬 What Does This Mean for Buyers and Sellers?

➡️ For Sellers: Detached homes and townhouses continue to perform strongly. Listing now could help you capture motivated buyers before the fall market shift.

➡️ For Buyers: Condos offer attractive entry points with steady inventory and softer pricing. Detached homes remain competitive, so being prepared to act quickly is key.

🌟 Final Thoughts – Central Okanagan Market Outlook

The August 2025 real estate market in Kelowna and the broader Central Okanagan shows strength, balance, and opportunity. Detached homes remain in high demand, condos provide excellent value, and townhouses continue to perform steadily.

If you’re considering buying or selling in Kelowna, West Kelowna, Lake Country, or surrounding areas, now is a smart time to explore your options.

🤝 Let’s Connect

As a Kelowna Realtor® and proud 5th-generation Okanagan local, I specialize in helping clients navigate the market with confidence. Whether you’re buying, selling, or investing, I’ll provide the local expertise and honest guidance you need.

📞 Call/Text: 250-317-4599