The May 2020 Kelowna Real Estate Market was surprisingly more active than I had expected it to be. We still saw people who needed to buy and sell, and as BC came out of its first phase of lockdown I certainly saw more requests for showings.
Two of my new listings saw offers within 1- 4 days of listing!
This last weekend was much busier with Buyers viewing.
Kelowna Real Estate Sales May 2020.
Real Estate sales were up 38.1% compared to April but still 25% below the numbers we saw in March, and nearly 44% down on this time last year. Again, this is to be expected, and we really don't need to read too much into these numbers.
Really, June 2020 numbers will be more of a benchmark on how things are starting to recover.
Kelowna Real Estate Inventory Levels May 2020
Inventory numbers continue to rise, which is normal for this time of year as, but remain down on the numbers this time last year.
This is one of the indicators I continue to watch, and at the moment I am not seeing these numbers causing...