CENTRAL OKANAGAN THE RENNIE ADVANCE sales
highlights • There were 264 MLS sales in the Central Okanagan in September, which was down 27% from August’s 359 sales and was the lowest monthly total since February. This was a much steeper drop-off than the typical August-to-September decline in sales (of 7%), with the region’s sales sitting 44% below the long-run September average. • Compared to August, September’s detached home sales were down by 20% (to 147), townhome sales were down by 40% (to 45), and condo sales were down by 28% (to 72). • In addition to the month-to-month drop-off in sales, September’s sales for all home types were lower compared to last year’s historically-low count: by 18% for detached homes, by 13% for townhomes, and by 29% for condos.
SEPTEMBER 2023
500
- 18% vs Sep 2022
400
300
267 10 yr Sep Avg
200
DETACHED sales
100
147
0
- 45% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
- 13% vs Sep 2022
200
150
87 10 yr Sep Avg
100
TOWNHOME sales
50
45
0
- 49% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
- 29% vs Sep 2022
300
250
200
150
120 10 yr Sep Avg
100
CONDO sales
0 50
72
- 40% vs 10yr Sep Avg
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
﹍ 10 yr September Average
● September
Copyright © October 5, 2023 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2023. All data from Association of Interior REALTORS® & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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