The Okanagan real estate market in June 2025 continued to showcase active seasonal momentum, with both Central and North Okanagan reflecting shifts in sales, inventory, and pricing patterns. The Central Okanagan maintained strong sales volume and higher inventory compared to last year, while the North Okanagan recorded a moderate gain in sales alongside a continued rise in active listings. This report analyzes the latest statistics for June 2025 and offers an objective assessment of current market conditions.
Central Okanagan Market Overview
June 2025 data for the Central Okanagan revealed steady activity with a healthy increase in sales volume year-over-year, despite a small decline in new listings. Inventory continued to expand, providing buyers with broader choices.
Market Statistics
- New Listings: 1,290 new properties were listed, down 5.01% from 1,358 in June 2024.
- Units Sold: 458 properties changed hands, an increase of 6.76% compared to 429 units sold last June.
- Sales Volume: Total transaction value rose to $382,836,191, an 11.72% increase over $342,688,565 last year.
- List/Sell Ratio: Properties sold for 96.87% of list price on average, improving from 96.04% last year.
- Days to Sell: Properties took an average of 60 days to sell, slightly faster than 65 days in June 2024.
- Active Listings: Inventory climbed to 4,526 properties, up 9.22% from 4,144 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 207 homes sold; average price $1,104,528; median price $995,000; 1,572 active listings.
- Condos & Apartments: 93 units sold; average price $499,232; median price $428,500; 971 active listings.
- Townhouses: 63 units sold; average price $679,168; median price $655,000; 437 active listings.
Market Analysis
The Central Okanagan’s inventory growth of 9.22% year-over-year continues to enhance buyer choice, while a robust 11.72% gain in sales volume suggests healthy market confidence and the potential for price stability. Days to sell improved marginally, and the list-to-sell ratio strengthened to 96.87%, showing that sellers are still achieving near-list prices. Single-family homes remain the most active segment, supported by resilient pricing.
Absorption Rate
With 458 units sold out of 4,526 active listings, the absorption rate in June 2025 was approximately 10.12%, pointing to a market that leans toward balance, with conditions favourable to both buyers and sellers.
North Okanagan Market Overview
The North Okanagan market in June 2025 saw year-over-year gains in both units sold and sales volume, while inventory continued to build. The market remained steady, with selling times improving modestly compared to last year.
Market Statistics
- New Listings: 426 properties were listed, nearly flat from 425 in June 2024.
- Units Sold: 197 properties sold, up 7.65% from 183 units sold last June.
- Sales Volume: Total sales value rose to $131,923,800, a 12.63% increase over $117,133,720 last year.
- List/Sell Ratio: Properties sold for 96.21% of list price, similar to 96.16% last year.
- Days to Sell: Homes took an average of 67 days to sell, down from 71 days last year.
- Active Listings: Inventory rose to 1,672 properties, an 11.62% increase from 1,498 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 88 homes sold; average price $753,580; median price $703,000; 530 active listings.
- Condos & Apartments: 19 units sold; average price $295,926; median price $267,000; 89 active listings.
- Townhouses: 24 units sold; average price $508,729; median price $447,250; 147 active listings.
Market Analysis
The North Okanagan’s 12.63% gain in sales volume alongside a 7.65% increase in units sold suggests healthy market conditions, supported by more available inventory and marginally improved selling times. The list-to-sell ratio held steady at 96.21%, while the market’s average days to sell dropped to 67, pointing to a modestly quicker pace. Overall, North Okanagan continues to present opportunities for both buyers and sellers as inventory expands.
Absorption Rate
With 197 units sold out of 1,672 active listings, the absorption rate in June 2025 was approximately 11.78%, suggesting a market trending toward balance but still favourable for buyers.
May 2025 vs. June 2025
Central Okanagan
- New Listings: Decreased by 5.78% from 1,369 in May to 1,290 in June.
- Units Sold: Decreased by 4% from 477 in May to 458 in June.
- Sales Volume: Fell by 8.54% from $418,585,244 in May to $382,836,191 in June.
- Days to Sell: Rose slightly from 52 days in May to 60 in June.
- Active Listings: Increased by 1.75% from 4,448 in May to 4,526 in June.
North Okanagan
- New Listings: Decreased by 13.24% from 491 in May to 426 in June.
- Units Sold: Increased by 6.57% from 184 in May to 197 in June.
- Sales Volume: Rose by 3.9% from $126,965,805 in May to $131,923,800 in June.
- Days to Sell: Improved from 69 days in May to 67 days in June.
- Active Listings: Increased by 3.08% from 1,622 in May to 1,672 in June.
Market Outlook
For Buyers: Inventory in both regions continues to expand, supporting a greater selection of properties. The Central Okanagan market is seeing steady demand with stable pricing, while the North Okanagan offers a slower pace with more negotiation opportunities.
For Sellers: Sales remained steady, and list-to-sell ratios held strong. However, rising inventory means sellers must continue to price competitively to attract buyers, especially as the summer season progresses.
For Investors: June’s healthy sales volumes and growing inventory provide options across segments. Central Okanagan’s resilient single-family pricing continues to appeal to long-term investors, while North Okanagan’s growing inventory and moderate price growth may offer value-seeking opportunities.
Conclusion
The Okanagan real estate market in June 2025 continued to reflect seasonal strength, with both regions maintaining robust inventory and stable sales activity. The Central Okanagan displayed steady buyer demand with a modest uptick in pricing confidence, while the North Okanagan benefited from a faster pace of sales and continued inventory growth. As summer moves forward, balanced conditions should persist, offering both buyers and sellers an encouraging environment.
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.
