centralokanagan CONDO|MAY2023
TOTAL LISTINGS ▲ 60% VS 202
MONTHS OF INVENTORY 3.4 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▲ 1.2% VS 202
▼ 5% VS 202
▼ 13% VS 202
Therewere487 condolistingsin theCentralO kanagan in M ay,2% higherthan Apriland 60% aboveM ay2022.
M aycondosalesincreased by7% m onth-over-m onth,to 143,and were13% below M ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere3.4m onthsofinventoryforcondosin M ay, reflecting selers'm arketconditions.
143 487
134 479
7% 2%
164 305
1.2% -5% 83% -13% 60%
$524,882 $462,500 3.4
$491,197 $449,375 3.6
7% 3% -4%
$518,637 $485,500 1.9
Thecondom edian pricein M aywas$462,500,a3% increasefrom Apriland 5% below M ay2022.
Theaveragesold pricein M aywas$524,882 forcondos,a 7% increasefrom lastm onth and 1.2% abovelastyear.
▶ RECENTTRENDS
▶ AVERAGEDAYSTO SEL
● SALES ● INVENTORY ● MEDIAN PRICE
479
499
497
468 496
487
463
462 446
428
52
411
373
49
305
164
143
130
134
126
101 94
102 85
74
72
25
47 52
$485,500 $459,600 $471,500
$451,500 $460,000 $462,500
$407,500
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
31.0
100
80
60
40
8.3
6.5 6.4
5.1
20
3.4
2.2 2.6 3.2 2.3 3.2
2.0
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 +
5 11 2.2
14 37 2.6
23 73 3.2
44 103 2.3
24 76 3.2
10 51 5.1
8 27 3.4
3 25 8.3
2 13 6.5
5 32 6.4
4 8 2.0
1 31 31.0
M onthsofInv. Inventory Sales
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