Want to know what the Kelowna Real Estate Market is doing? Kelowna and the Central Okanagan Valley are experiencing a balancing real estate market with slowing sales growth compared to an ever increasing supply of residential properties available to purchasers. The overall residential market data from the past month shows we are currently holding 4.56 months of inventory; compared to 2.31 months of inventory in May 2017. A more balanced market allows purchasers more choice and less pressure while still providing a good climate for sellers.