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The Okanagan real estate market in September 2025 transitioned into the fall season with remarkable strength, as both the Central and North Okanagan regions posted substantial year-over-year increases in sales activity and transaction value. The Central Okanagan experienced a significant surge in units sold and sales volume, while the North Okanagan also saw a notable jump in sales.
Central Okanagan Market Overview
September 2025 data for the Central Okanagan revealed a highly active market with a significant uptick in sales compared to the previous year. Despite a slight decrease in active listings, the market continued to offer a healthy range of options for buyers.
Market Statistics
- New Listings: 1,113 new properties were listed, an increase of 4.21% from 1,068 in September 2024.
- Units Sold: 398 properties changed hands, a significant increase of 39.16% compared to 286 units sold last September.
- Sales Volume: Total transaction value soared to $346,768,826, a 58.91% increase over $218,216,581 last year.
- List/Sell Ratio: Properties sold for 95.45% of the list price on average, nearly identical to 95.95% last year.
- Days to Sell: Properties took an average of 78 days to sell, longer than the 66 days in September 2024.
- Active Listings: Inventory decreased slightly to 4,180 properties, down 1.18% from 4,230 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 157 homes sold; average price $1,060,499; median price $925,000; 1,452 active listings.
- Condos & Apartments: 102 units sold; average price $501,619; median price $436,250; 831 active listings.
- Townhouses: 54 units sold; average price $845,372; median price $733,750; 427 active listings.
Market Analysis
The Central Okanagan’s market showed exceptional strength in September, with a 39.16% jump in units sold and a 58.91% increase in sales volume, underscoring robust buyer demand. The slight decrease in inventory suggests that demand is outpacing supply. The stable list-to-sell ratio indicates that pricing remains consistent and competitive.
Absorption Rate
With 398 units sold out of 4,180 active listings, the absorption rate in September 2025 was approximately 9.52%, or about 10.5 months of supply, signalling a Buyer’s Market despite the surge in activity.
North Okanagan Market Overview
The North Okanagan market in September 2025 was characterized by a significant 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: 329 properties were listed, up 24.62% from 264 in September 2024.
- Units Sold: 180 properties sold, a significant increase of 65.14% from 109 units sold last September.
- Sales Volume: Total sales value soared to $119,616,932, a 44.67% increase over $82,680,890 last year.
- List/Sell Ratio: Properties sold for 94.95% of the list price, a slight decrease from 96.77% last year.
- Days to Sell: Homes took an average of 84 days to sell, up from 74 days last year.
- Active Listings: Inventory rose to 1,550 properties, a 3.06% increase from 1,504 last year.
Property Type Analysis
- Single Family Homes (excluding lakefront and acreages): 82 homes sold; average price $789,641; median price $732,500; 470 active listings.
- Condos & Apartments: 18 units sold; average price $330,594; median price $303,950; 82 active listings.
- Townhouses: 21 units sold; average price $545,595; median price $495,000; 144 active listings.
Market Analysis
The North Okanagan’s impressive 44.67% gain in sales volume, coupled with a 65.14% 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 180 units sold out of 1,550 active listings, the absorption rate was approximately 11.61%, or about 8.6 months of supply, indicating a Buyer’s Market with improving sales velocity.
August 2025 vs. September 2025
Central Okanagan
- New Listings: Increased by 7.64% from 1,034 in August to 1,113 in September.
- Units Sold: Increased by 4.19% from 382 in August to 398 in September.
- Sales Volume: Increased by 13.19% from $306,351,568 in August to $346,768,826 in September.
- Days to Sell: Increased from 65 days in August to 78 in September.
- Active Listings: Decreased by 3.58% from 4,335 in August to 4,180 in September.
North Okanagan
- New Listings: Decreased by 3.24% from 340 in August to 329 in September.
- Units Sold: Decreased by 2.70% from 185 in August to 180 in September.
- Sales Volume: Decreased by 13.25% from $137,896,310 in August to $119,616,932 in September.
- Days to Sell: Increased from 76 days in August to 84 in September.
- Active Listings: Decreased by 5.20% from 1,635 in August to 1,550 in September.
Market Outlook
- For Buyers: A healthy selection of properties remains available across both regions. With a strong sales 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 September 2025 demonstrated a strong start to the fall season, with significant year-over-year growth in sales activity and transaction value. However, absorption rate calculations show both the Central and North Okanagan remain in Buyer’s Market territory, given inventory levels relative to sales. For buyers, this creates opportunities with more choice and negotiation power. For sellers, competitive pricing remains key to achieving a sale in a market where supply still outweighs demand.
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.
