highlights • Therewere376 M LS salesin theCentralO kanagan in M ay,aslight0.5% decrease m onth-over-m onth from 378 salesin A pril.H istoricaly,saleshaveincreased 8% A pril-to-M ay signaling furtherrestrainton activityin theregion.Condo saleswereup 8% from April(to 118 sales),whiledetached hom eand townhom esaleswereboth down 4% (to187 and 71,respectively). • Relativeto theprior10-yearM ayaverage,salesweredown 30% (from an averageof540).Bar ing 2020,thiswastheslowestM aysince2012(375sales).D etached hom esalesled thewayat39% below average,folowed bytownhom esalesat20% lower,and condosalesat19% lower. • RelativetoM ay2023,salesweredown 22%.Alhom etypesdeclined:detached hom esby28%, townhom esby20%,and condosby13%.
CENTRALOKANAGAN THERENNIEADVANCE sales
MAY 2024
500
- 28% vsM ay2023
400
300
306 10 yrM ayAvg
200
187
DETACHED sales
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 39% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
- 20% vsM ay2023
200
150
89 10 yrM ayAvg
100
TOWNHOME sales
71
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 20% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
- 13% vsM ay2023
300
250
200
145 10 yrM ayAvg
150
100
118
CONDO sales
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 19% vs10yrM ayAvg
﹍ 10 yrM ayAverage
● May
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