Last month the Kelowna Real Estate Market seemed to show the first definite signs of a slow-down, after the latest interest rate rise and the continuing impact of inflation on the cost of living.
Before we start thinking ' the sky is falling', however, 47% of Single-Family home sales last month sold at or above the asking price compared to March 2022 when 52% sold over the asking price.
Kelowna & Central Okanagan Real Estate Sales April 2022.
April 2022 Real Estate sales numbers were down on the previous month
Compared to the last month-:
- Total Sales were down 11% last month.
- Single-Family home sales were down 14.3%.
- Strata sales down 6.7%
Compared to last year -:
- Overall sales were down 36%
- Single-Family Home sales were down 37.8%.
- Strata sales were down 29.9%.
Inventory Levels April 2022
Inventory levels have risen again this month.
Total listings in the Central Okanagan are now 1554 up from 1232 last month and for the...