centralokanagan TOWNHOME|MAY2023
TOTAL LISTINGS ▲ 16% VS 202
MONTHS OF INVENTORY 2.4 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 7% VS 202
▼ 4% VS 202
▲ 18% VS 202
Therewere301townhom elistingsin theCentral O kanagan in M ay,12% lowerthan Apriland 16% above May 2022.
M aytownhom esalesincreased by55% m onth-over-m onth, to124,and were18% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere2.4m onthsofinventoryfortownhom esin M ay,reflecting selers'm arketconditions.
124 301
$695,051 $700,000 4.3 80 341
5% 0.7% -43% 55% -12%
105 259
-7% -4% -2% 18% 16%
$730,065 $705,000 2.4
$782,114 $735,000 2.5
Thetownhom em edian pricein M aywas$705,000,a0.7% increasefrom Apriland 4% below M ay2022.
Theaveragesold pricein M aywas$730,065for townhom es,a5% increasefrom lastm onth and 7% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
350
352
367
346
342
342
341
312
49
301
286
258 273
259
44
124
105
80
84
70
56
26
58 62
49
52
36 38 38
$735,000 $692,500
$736,750 $706,000
$675,000
$652,500 $705,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
60 70
13.0
50
10.5
40
30
4.0
20
3.4 3.8
1.8 2.1
1.5 1.3 1.2
0 10
<$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 +
4 6 1.5
10 13 1.3
17 20 1.2
30 53 1.8
30 63 2.1
17 58 3.4
5 19 3.8
8 32 4.0
1 13 13.0
2 21 10.5
M onthsofInv. Inventory Sales
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