centralokanagan DETACHED |JULY2023
TOTAL LISTINGS ▲ 4% VS 202
MONTHS OF INVENTORY 7.2 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▼ 8% VS 202
▲ 44% VS 202
Therew ere1,391 detached listingsin theCentral O kanagan in July,6% higherthan Juneand 4% aboveJuly 2022.
July detached hom esalesdecreased by 21% m onth-over-m onth,to192,and were44% aboveJuly2022.
THISMONTH No. $1,141,715 $970,000 7.2 192 1,391
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere7.2m onthsofinventoryfordetached hom esin July,reflecting balanced m arketconditions.
$1,173,393 $971,250 5.4 244 1,313
-3% -0.1% 35% -21% 6%
$1,210,312 $1,050,000 10.0 133 1,334
-6% -8% -28% 44% 4%
Thedetachedm edian pricein Julywas$970,000,a0.1% decreasefrom Juneand 8% below July2022.
Theaveragesold pricein Julywas$1,141,715 fordetached hom es,a3% decreasefrom lastm onth and 6% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,334
1,391
1,313
1,302
1,234
1,216
1,178
44
43
1,087
1,055
1,033
40
918
852 859
263 244
194
192
192
126
133 176 163 134 127
90 70
$1,050,000
$1,045,000
$974,000
$972,500
$970,000
$925,000
$884,000
Jul-2022 Jun-2023 Jul-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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