centralokanagan DETACHED|AUGUST2023
TOTAL LISTINGS ▲ 5% VS 202
MONTHS OF INVENTORY 8.3 BUYERS'MARKET'
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 4% VS 202
▲ 5% VS 202
▼ 6% VS 202
Therew ere1,373 detached listingsin theCentral O kanagan in August,1.3% lowerthan Julyand 5% above August2022. Augustdetached hom esalesdecreased by14% m onth-over-m onth,to165,and were6% below August 2022.
THISMONTH No. $1,119,070 $1,010,000 8.3 165 1,373
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere8.3m onthsofinventoryfordetached hom esin August,reflecting buyers'm arketconditions.
$1,141,715 $970,000 7.2 192 1,391
-2% 4% 15% -14% -1.3%
$1,080,477 $960,000 7.4 176 1,302
4% 5% 12% -6% 5.5%
Thedetachedm edian pricein Augustwas$1,010,000,a4% increasefrom Julyand 5% aboveAugust2022.
Theaveragesold pricein Augustwas$1,119,070for detached hom es,a2% decreasefrom lastm onth and 4% abovelastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,391
1,373
1,313
1,302
1,234
1,216
48
1,178
1,087
1,055
1,033
44
43
918
852 859
263
244
194
192
192
176 163 134 127
165
126
90 70
$1,010,000
$975,000 $949,500
$971,250
$960,000
$932,500
$900,000
Aug-2022 Jul-2023 Aug-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
500
15.5
400
300
9.7
8.9
200
5.5 5.5
4.0
3.8 3.4
100
3.1 3.5
0
<$199K $200-299K $300-399K $400-499K $500-599K $600-699K $700-799K $800-899K $900-999K $1.0-1.249M $1.25-1.49M $1.5M +
1 4 4.0
2 11 5.5
4 22 5.5
11 34 3.1
25 88 3.5
30 114 3.8
34 116 3.4
25 243 9.7
27 239 8.9
33 511 15.5
M onthsofInv. Inventory Sales
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