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The Okanagan real estate market closed out 2025 on a positive note with both the Central and North Okanagan regions experiencing year-over-year growth in sales volume despite the typically slow December season. Notably, December 2025 marked a significant improvement compared to December 2024, with both regions showing resilience as the year came to a close.
Central Okanagan Market Overview
December 2025 data for the Central Okanagan revealed a moderating market with improved sales volume despite typical year-end seasonal dynamics. The region demonstrated continued strength in higher-value transactions, driving overall market performance.
Market Statistics
- New Listings: 444 new properties were listed, an increase of 8.03% from 411 in December 2024.
- Units Sold: 267 properties changed hands, a slight decrease of 2.91% compared to 275 units sold last December.
- Sales Volume: Total transaction value reached $230,466,800, up 11.79% from $206,151,971 last year.
- List/Sell Ratio: Properties sold for 93.44% of the list price on average, down from 95.69% last year.
- Days to Sell: Properties took an average of 83 days to sell, slightly longer than the 77 days in December 2024.
- Active Listings: Inventory decreased to 3,149 properties, up just 0.67% from 3,128 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 119 homes sold; average price $1,094,256; median price $895,000; 954 active listings.
- Condos & Apartments: 48 units sold; average price $470,671; median price $398,750; 687 active listings.
- Townhouses: 44 units sold; average price $641,177; median price $622,500; 326 active listings.
Market Analysis
The Central Okanagan's December performance demonstrated notable strength despite a marginal 2.91% decline in unit sales. The 11.79% increase in sales volume indicates stronger activity in higher-priced properties and improved transaction values. The slight increase in new listings and stable inventory levels suggest balanced market conditions heading into 2026. While the list-to-sell ratio decreased slightly, it remains within a healthy range for year-end market conditions.
Absorption Rate
With 267 units sold out of 3,149 active listings, the absorption rate in December 2025 was approximately 8.48%, or about 11.8 months of supply, signalling a Buyer's Market with seasonal characteristics.
North Okanagan Market Overview
The North Okanagan market in December 2025 demonstrated impressive growth with significant year-over-year increases in both sales activity and transaction values. The region continued to show strong momentum as 2025 concluded.
Market Statistics
- New Listings: 150 properties were listed, down 8.54% from 164 in December 2024.
- Units Sold: 111 properties sold, an increase of 19.35% from 93 units sold last December.
- Sales Volume: Total sales value reached $82,816,660, a 10.64% increase from $74,853,476 last year.
- List/Sell Ratio: Properties sold for 97.81% of the list price, up from 97.11% last year.
- Days to Sell: Homes took an average of 98 days to sell, down from 102 days last year.
- Active Listings: Inventory rose to 1,143 properties, a 9.48% increase from 1,044 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 44 homes sold; average price $858,036; median price $730,000; 279 active listings.
- Condos & Apartments: 8 units sold; average price $341,219; median price $307,375; 78 active listings.
- Townhouses: 16 units sold; average price $486,469; median price $437,500; 100 active listings.
Market Analysis
The North Okanagan's exceptional 19.35% surge in units sold and 10.64% increase in sales volume demonstrates remarkable strength for a typically quiet December period. The improved list-to-sell ratio and shorter selling times reflect strong buyer confidence and motivated purchasers. Despite the 9.48% growth in inventory, the region absorbed increased listings effectively, showcasing robust market fundamentals.
Absorption Rate
With 111 units sold out of 1,143 active listings, the absorption rate was approximately 9.71%, or about 10.3 months of supply, indicating a Buyer's Market with healthy activity levels.
November 2025 vs. December 2025
Central Okanagan
- New Listings: Decreased by 32.73% from 660 in November to 444 in December.
- Units Sold: Decreased by 11.59% from 302 in November to 267 in December.
- Sales Volume: Decreased by 8.63% from $252,860,883 in November to $230,466,800 in December.
- Days to Sell: Increased from 78 days in November to 83 in December.
- Active Listings: Decreased by 12.80% from 3,611 in November to 3,149 in December.
North Okanagan
- New Listings: Decreased by 29.58% from 213 in November to 150 in December.
- Units Sold: Decreased by 9.76% from 123 in November to 111 in December.
- Sales Volume: Increased by 4.41% from $79,329,169 in November to $82,816,660 in December.
- Days to Sell: Increased from 89 days in November to 98 in December.
- Active Listings: Decreased by 12.68% from 1,309 in November to 1,143 in December.
Market Outlook
For Buyers: The winter season continues to provide favorable conditions with balanced inventory levels and slightly reduced competition. With absorption rates indicating Buyer's Market conditions, purchasers can take advantage of year-end opportunities while the market transitions into 2026.
For Sellers: Despite the typical December slowdown, the strong sales volume growth year-over-year demonstrates that well-priced properties continue to attract buyers. Strategic pricing and professional presentation remain essential to capitalize on the active buyers still in the market during the holiday season.
For Investors: The Okanagan's strong year-end performance reinforces the region's appeal. Year-to-date statistics show both regions delivering impressive results, with the Central Okanagan up 6.95% in sales and 13.28% in sales volume, while the North Okanagan gained 12.74% in sales and 9.68% in sales volume compared to last year. These robust annual figures demonstrate sustained market strength and investment potential.
Conclusion
The Okanagan real estate market concluded 2025 with encouraging results across both regions. December showed resilience with the Central Okanagan achieving strong sales volume growth despite a marginal decline in units sold, while the North Okanagan delivered impressive gains across all major metrics. Both regions finished the year with solid year-to-date performance, demonstrating market stability and sustained buyer interest throughout 2025. As we enter 2026, absorption rates indicate continued Buyer's Market conditions, providing opportunities for purchasers while sellers benefit from an active year-end period. The market's strong fundamentals and consistent performance throughout 2025 position the Okanagan well for continued growth in the coming year.
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.
