The Okanagan real estate market in August 2025 continued its summer momentum, with both the Central and North Okanagan regions showing significant year-over-year growth in sales activity and volume. The Central Okanagan saw a notable increase in sales and a slight increase in the time it took to sell a property, while the North Okanagan experienced a substantial surge in both sales volume and units sold. This report provides a detailed analysis of the latest statistics for August 2025, offering an objective assessment of the current market landscape.
Central Okanagan Market Overview
August 2025 data for the Central Okanagan revealed a dynamic market with a strong uptick in sales compared to the previous year. Properties sold slightly slower, and active listings saw a modest increase from the previous year, continuing to offer buyers a healthy range of options.
Market Statistics
- New Listings: 1,034 new properties were listed, a slight increase of 0.10% from 1,033 in August 2024.
- Units Sold: 382 properties changed hands, an increase of 12.02% compared to 341 units sold last August.
- Sales Volume: Total transaction value was $306,351,568, a 16.07% increase over $263,941,560 last year.
- List/Sell Ratio: Properties sold for 96.10% of the list price on average, a slight increase from 95.07% last year.
- Days to Sell: Properties took an average of 65 days to sell, slightly longer than the 63 days in August 2024.
- Active Listings: Inventory climbed to 4,335 properties, up 3.41% from 4,192 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 157 homes sold; average price $1,097,131; median price $950,000; 1,497 active listings.
- Condos & Apartments: 101 units sold; average price $458,781; median price $420,000; 893 active listings.
- Townhouses: 47 units sold; average price $699,379; median price $650,000; 423 active listings.
Market Analysis
The Central Okanagan’s market showed strong sales in August, with a 12.02% jump in units sold underscoring robust buyer demand. The 3.41% inventory growth ensures that choices are still plentiful. The stable list-to-sell ratio indicates that pricing remains consistent and competitive.
Absorption Rate
With 382 units sold out of 4,335 active listings, the absorption rate in August 2025 was approximately 8.81%, indicating a balanced market that continues to favour both buyers and sellers.
North Okanagan Market Overview
The North Okanagan market in August 2025 was characterized by a remarkable year-over-year surge in sales volume and units sold. Inventory levels grew, and properties sold more slowly, signaling a confident and active market.
Market Statistics
- New Listings: 340 properties were listed, up 14.09% from 298 in August 2024.
- Units Sold: 185 properties sold, a significant increase of 21.71% from 152 units sold last August.
- Sales Volume: Total sales value soared to $137,896,310, a 23.95% increase over $111,255,778 last year.
- List/Sell Ratio: Properties sold for 95.96% of the list price, a slight decrease from 96.83% last year.
- Days to Sell: Homes took an average of 76 days to sell, up from 69 days last year.
- Active Listings: Inventory rose to 1,635 properties, a 6.51% increase from 1,535 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 84 homes sold; average price $834,852; median price $788,750; 517 active listings.
- Condos & Apartments: 15 units sold; average price $334,717; median price $310,000; 86 active listings.
- Townhouses: 26 units sold; average price $525,817; median price $482,450; 137 active listings.
Market Analysis
The North Okanagan’s impressive 23.95% gain in sales volume, coupled with a 21.71% rise in units sold, points to a highly energized market. The slight dip in the list-to-sell ratio and longer selling times suggest that the market is becoming more balanced. The continued growth in inventory provides a healthy supply to meet this heightened demand.
Absorption Rate
With 185 units sold out of 1,635 active listings, the absorption rate in August 2025 was approximately 11.31%, suggesting a market that is balanced but leaning slightly in favour of sellers due to the strong sales pace.
July 2025 vs. August 2025
Central Okanagan
- New Listings: Decreased by 12.67% from 1,184 in July to 1,034 in August.
- Units Sold: Decreased by 20.75% from 482 in July to 382 in August.
- Sales Volume: Fell by 16.22% from $365,647,299 in July to $306,351,568 in August.
- Days to Sell: Increased from 55 days in July to 65 in August.
- Active Listings: Decreased by 3.26% from 4,481 in July to 4,335 in August.
North Okanagan
- New Listings: Decreased by 13.04% from 391 in July to 340 in August.
- Units Sold: Decreased by 4.64% from 194 in July to 185 in August.
- Sales Volume: Increased by 4.35% from $132,143,076 in July to $137,896,310 in August.
- Days to Sell: Increased from 65 days in July to 76 in August.
- Active Listings: Decreased by 1.09% from 1,653 in July to 1,635 in August.
Market Outlook
- For Buyers: Increased inventory compared to last year offers a good selection across both regions. With properties selling at a steady pace, buyers should be prepared to act decisively.
- For Sellers: Strong buyer demand and a balanced market are positive indicators. However, with inventory levels still robust, competitive pricing remains crucial for attracting offers and achieving a successful sale.
- For Investors: The market's momentum presents opportunities. The Central Okanagan’s high sales volume is ideal for those seeking a stable market, while the North Okanagan’s surging sales volume and strong price appreciation signal a market with significant growth potential.
Conclusion
The Okanagan real estate market in August 2025 saw a continuation of the summer's active market, characterized by heightened sales activity compared to the previous year. The Central Okanagan demonstrated strong sales, while the North Okanagan posted impressive gains in overall sales value. As the summer transitions to fall, these balanced yet active conditions are expected to provide favourable opportunities for all market participants.
Source: Association of Interior REALTORS®
The content of this article is for informational purposes only and should not be considered as financial, legal, or professional advice. Coldwell Banker Horizon Realty makes no representations as to the accuracy, completeness, or suitability of the information provided. Readers are encouraged to consult with qualified professionals regarding their specific real estate, financial, and legal circumstances. The views expressed in this article may not necessarily reflect the views of Coldwell Banker Horizon Realty or its agents. Real estate market conditions and government policies may change, and readers should verify the latest updates with appropriate professionals.
