Kelowna Real Estate Market Report
Executive Summary
The Kelowna, British Columbia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $1.1M, down 0.1% year-over-year.
There are currently 2,083 active listings. Inventory has increased 30.0% compared to last month.
Currently, the average price per square foot is $555.
Board Data vs Our Listings
| Metric | Association of Interior REALTORS | Our Listings |
|---|---|---|
| Benchmark / Median Price | $1.1M | $800K |
| Active Listings | 2,083 | 2,083 |
| Detached Benchmark | $1.1M | $1.6M |
| Townhouse Benchmark | $607K | $659K |
| Apartment Benchmark | $428K | $659K |
Detached properties make up the largest share of the Kelowna market at 56% of active listings with an average price of $1.6M. Condo listings follow at 44% (avg $659K).
Sales Activity & Absorption
Volume
Market Signals
472 new listings appeared in the past month.
Association of Interior REALTORS Monthly Report
Residential real estate activity across the Interior remained stable in June, with market conditions continuing to normalize as the seasonal transition into summer brought the expected slowdown in new listings, reports the Association of Interior REALTORS® (the Association).
The Association region recorded 1,547 residential sales in June, up from 1,456 in May and up 3.8% compared to the same time last year.
New residential listings saw a 9.5% decrease compared to June 2025 with 2,963 new listings recorded last month, and down from the previous month’s 3,102 new listings. The total number of active listings saw a 7.0% decrease in inventory compared to the same time last year with 9,803 recorded across the Association region yet up compared to May’s 9,486 total inventory.
“After a very slow start to the year, we’ve seen market activity steadily return to more typical levels over the past few months, which is an encouraging sign as we move into the busy summer season,” says Association of Interior REALTORS® President Ryan Mayne, adding that “although new listings have eased between June and July, the decline is consistent with typical seasonal trends.”
In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases of 1.6% and 2.3% last month in year-over-year comparisons in the Central and South Okanagan regions, coming in at $1,053,700 and $760,100 respectively. The townhome housing category saw percentage increases in all sub-regions with the exception of the Central Okanagan that saw a percentage decrease of 0.9% compared to the same month the previous year, coming in at $707,500. The benchmark price in the condominium housing category saw decreases in all sub-regions compared to June 2025, with the highest percentage decrease of 3.4% seen in the Central Okanagan, coming in at $495,100.
Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.
Source: Association of Interior REALTORS, June 2026
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Glenmore | 12 | $2.5M |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Kelowna market currently has 2,083 active listings with a median price of $800K.
According to Association of Interior REALTORS, the composite benchmark price is $1.1M (-0.1% year-over-year).
- Prices declining (-2.5% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $555
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark statistics from Association of Interior REALTORS. Prepared by Kristina Simpson with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.