The BC Real Estate Association figures are now out for July 2019.
As you can see from the Graph sales were up and listings were down, for the first time in a while.
It will be interesting to see if this is an anomaly, as July is often a quieter month in Kelowna and the Okanagan Valley, or whether Buyers are genuinely coming to terms with the more stringent Lending Rules that have been holding them back for the last year - 18 months.
The British Columbia Real Estate Association (BCREA) reports that a total of 7,930 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, an increase of 12.4 percent from the same month last year. The average MLS® residential price in the province was $684,497, a decline of 1.6 percent from July 2018. Total sales dollar volume was $5.43 billion, a 10.5 percent increase from the same month last year.
“BC home sales climbed higher for the first time in 18 months on a year-over-year basis in July,” said BCREA...