April Market update
I hope May is off to a great start for you! The latest numbers are in from the Association of Interior REALTORS®, and the Central Okanagan market is showing signs of tightening inventory while prices remain relatively stable across most property types.
📈 Market Overview – April 2026
Compared to April 2025, the market saw fewer listings and slightly lower sales activity, but inventory levels are tightening—especially in detached homes and condos.
Total Listings: 4,226 (📉 -12.21% vs. April 2025)
Total Sales: 1,353 (📉 -2.80%)
List-to-Sales Ratio: 32.02%
Average Days on Market: 77 days (📈 up from 72)
🏡 Detached Homes – Stable Pricing Despite Lower Inventory
New Listings: 1,614 (📉 -14.51%)
Sales: 553 (📉 -4.98%)
Average Price: $1,076,628 (➡️ -0.05%)
Median Price: $940,000 (📉 -3.09%)
Average Days to Sell: 64
📌 Detached home inventory continues to tighten, down over 11% year-over-year. While sales activity softened slightly, prices have remained remarkably stable despite fewer homes hitting the market.
🏢 Condos – Balanced Market With More Buyer Opportunity
New Listings: 946 (📉 -14.54%)
Sales: 328 (📉 -1.20%)
Average Price: $480,582 (📈 +0.60%)
Median Price: $430,000 (📉 -0.81%)
Average Days to Sell: 76
📌 Condo inventory has declined compared to last year, but buyers are still seeing good opportunities thanks to balanced pricing and increased days on market. We are currently seeing two different condo markets in Kelowna with the high-rise market struggling.
🏘 Townhouses – Holding Value in a Slower Market
New Listings: 577 (📉 -8.85%)
Sales: 203 (📉 -4.69%)
Average Price: $740,575 (📈 +0.79%)
Median Price: $675,000 (📉 -3.85%)
Average Days to Sell: 73
📌 Townhouses continue to remain one of the most balanced segments in the market, with pricing holding steady despite softer overall activity.
💬 What This Means for You
➡️ Sellers: Lower inventory levels are helping support home values, especially in detached homes. Well priced properties are still attracting strong interest. If you are not priced right you will not sell right now.
➡️ Buyers: With properties taking longer to sell and inventory tightening, there are opportunities to negotiate while still having solid selection available.
🤝 Thinking About Making a Move?
Whether you’re buying, selling, or investing, understanding the latest market trends can help you make smarter real estate decisions. If you’d like to talk about your plans or what your home may be worth in today’s market, I’d love to help.
