📊 Market Overview – March 2026

The Kelowna market is showing signs of adjustment heading into spring, with slightly lower activity compared to last year but still holding in a relatively balanced range. Inventory has tightened, while sales and pricing reflect a more cautious buyer environment.

Total Listings: 3,060 (📉 -10.47% from March 2025)

Total Sales: 918 (📉 -9.69%)

List-to-Sales Ratio: 30.00% (up from 27.71%)

Average Days on Market: 82 days (📈 up from 76 days)

🏡 Detached Homes – Prices Adjusting, Demand Holding

New Listings: 1,127 (📉 -16.64%)

Sales: 365 (📉 -3.95%)

Average Price: $1,031,758 (📉 -6.08%)

Median Price: $920,000 (📉 -6.88%)

Average Days to Sell: 69 days

 

🏢 Condos – Stable Prices, Balanced Activity

New Listings: 689 (📉 -12.45%)

Sales: 233 (➖ 0.00%)

Average Price: $474,493 (📈 +0.66%)

Median Price: $423,933 (📉 -1.41%)

Average Days to Sell: 79 days

🏘 Townhomes – Steady with Slight Softening

New Listings: 431 (📉 -6.71%)

Sales: 143 (📉 -2.05%)

Average Price: $761,073 (📈 +0.89%)

Median Price: $685,000 (📉 -4.15%)

Average Days to Sell: 73 days

💬 Thinking of Buying or Selling? Let’s Talk!

With shifting prices, longer selling times, and reduced inventory, strategy matters more than ever in today’s market. If you’re considering a move, I’d be happy to help you position yourself for success in the current Kelowna real estate landscape.