Kelowna January 2025 Real Estate Market Stats
- Mark Coons
- Feb 5
- 2 min read
Inventory in the housing market in Kelowna is rising year over year, with active listings up 21.2%, yet buyer demand appears to be returning. More choices in the market are great for buyers, but the median list price of $834K compared to a median sale price of $731K suggests that many listings may be overpriced so the properly priced properties are only the ones that will sell. January sales totaled 252, aligning with the 10-year median, signaling that buyer confidence is strengthening in the Kelowna house market. With interest rates declining and inventory increasing, buyers have more options and costs are getting cheaper.
There is a lot at play right now and with the trade wars looming right now is an opportune time to get personalized advice if you have been thinking of buying or selling in 2025.
The Kelowna real estate market forecast for 2025 predicts 4-5% price growth, according to BMO, CREA, and BCREA, but this does not account for potential tariffs and trade tensions, which have been delayed 30 days but could take effect in March. If the economy remains stable, we could see steady appreciation, especially in single-family homes, where the average sale price is $1,067,000. Inventory is expected to peak in May, making the coming months critical for both buyers and sellers looking to make a move.
Total Sales
Sales: 252
New Listings: 976
Current Inventory: 2,858
Median Days to Sell: 74
Average Days to Sell: 84
Months of Inventory: 11
Median Sale Price: $731,250
Average Sale Price: $832,312
Total Volume: $208,077,953
Single Family Sales
Sales: 120
New Listings: 423
Current Inventory: 1,218
Median Days to Sell: 77
Average Days to Sell: 81
Months Inventory:10
Median Sale Price: $964,900
Average Sale Price: $1,067,583
Total Volume: $127,042,423
Townhome Sales
Sales: 38
New Listings: 153
Current Inventory: 345
Median Days to Sell:76
Average Days to Sell: 85
Months of Inventory: 9
Median Sale Price: $692,500
Average Sale Price: $763,208
Total Volume: $29,001,900
Apartment Sales
Sales:63
New Listings: 236
Current Inventory: 636
Median Days to Sell: 59
Average Days to Sell: 77
Months of Inventory: 10
Median Sale Price: $441,250
Average Sale Price: $4568,633
Total Volume: $29,523,850
We're here to help! If you have questions about how trade wars, tariffs, and counter-tariffs could impact the Kelowna real estate market, we may not have all the answers, but we can assess your situation and help you make informed decisions. Reach out today!
Mark and Maddie Coons
Selling Kelowna Real Estate Group
Tel: 778-744-0872
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