Last month I talked about Spring’s arrival; April couldn’t have followed suit any better when it comes to the Kelowna and Central Okanagan Valley real estate market. Where last spring we saw a shift from a seller’s market to a balanced market (and eventually a buyer’s market in the fall and winter), this year we are seeing a shift from a buyer’s market back to a seller’s market.
The Pulse: Kelowna Market Review March 2019
Spring is in the air and we are starting to see its effects in Real Estate too. Kelowna and the Central Okanagan Valley are experiencing a real estate market unlike any we’ve seen in the past decade. It’s predominantly a buyer’s market with pockets that are more balanced. In the coming days and weeks you’ll hear from news outlets and other local Realtors® that the Kelowna real estate market is down again but what they may not tell you is that sales are actually up nearly 30% from February!