Kelowna Real Estate Market Report
Executive Summary
The Kelowna, British Columbia real estate market is currently classified as a buyer's market. The median asking price is $830K, down 29.4% over the past 30 days.
There are currently 2,079 active listings. Inventory has increased 39.3% compared to last month.
Currently, listings spend an average of 68 days on market and the average price per square foot is $550.
Detached properties make up the largest share of the Kelowna market at 58% of active listings with an average price of $1.6M. Condo listings follow at 42% (avg $654K).
Sales Activity & Absorption
Volume
Market Signals
Association of Interior REALTORS reported 1,154 sales this period, 587 new listings appeared in the past month.
Association of Interior REALTORS Monthly Report
Residential real estate activity in March showed signs of gaining momentum ahead of the spring market, reports the Association of Interior REALTORS® (the Association).
A total of 1,154 residential unit sales were recorded across the Association region in March, up from February’s 838 units, and up 1.3% compared to units sold in March 2025.
New residential listings saw a 4.8% decrease compared to March 2025 with 3,059 new listings recorded last month, yet up from the previous month’s 2,235 new listings. The total number of active listings saw a 3.1% decrease in inventory compared to March 2025 with 8,112 recorded across the Association region. The highest percentage increase in active listings across the Association region was recorded in the Kamloops and District region with a total increase of 4% compared to March last year.
“Although sales are still trailing the 10-year average, recent sales activity is a positive sign as we head into the typically busy spring market. We’re seeing improvement from earlier in the year, even as inventory edges down slightly compared to the same time last year, which is likely a reflection of economic uncertainty continuing to temper some consumer confidence,” says Association of Interior REALTORS® President Kadin Rainville, adding that “in this environment, strategic pricing is essential to capture buyer attention and maximize results.”
In the Okanagan and Shuswap/Revelstoke regions, the benchmark price for single-family homes saw decreases last month in all sub-areas in year-over-year comparisons, with the highest percentage decrease of 7.8% recorded in the South Okanagan, coming in at $709,900. The townhome housing category similarly saw percentage decreases in all sub-areas, with the Shuswap/Revelstoke region seeing the highest percentage decrease of 4.1% compared to the same time the previous year, coming in at $536,800. The benchmark price in the condominium housing category saw decreases in all sub-regions compared to March 2025 with the exception of the South Okanagan that saw an increase of 1%, coming in at $425,800.
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.
For more information, please contact:
Association statistical information: Email media@interiorrealtors.com
Source: Association of Interior REALTORS, Invalid Date
Market Balance
Supply and demand are roughly balanced.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Lower Mission | 15 | $1.9M |
| Glenmore | 13 | $2.5M |
| Kelowna South | 13 | $1.6M |
| Wilden | 9 | $1.1M |
| Kelowna North | 8 | $774K |
| Lake Country East / Oyama | 6 | $273K |
| South East Kelowna | 5 | $2.7M |
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
This is currently a buyer's market with more negotiating power for purchasers. The Kelowna market currently has 2,079 active listings with a median price of $830K.
- Prices declining (-29.4% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (38%)
- Slow-moving market (68 avg days on market)
- Average price per square foot is $550
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of June 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.