cityofkelowna DETACHED|MAY2023
TOTAL LISTINGS ▲ 10% VS 202
MONTHS OF INVENTORY 4.3 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 5% VS 202
▼ 5% VS 202
▲ 12% VS 202
Therewere670 detachedlistingsin theCityofKelownain M ay,10% higherthan Apriland 10% aboveM ay2022.
M ay detached hom esalesincreased by 40% m onth-over-m onth,to155,and were12% aboveM ay 2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere4.3m onthsofinventoryfordetached hom esin M ay,reflecting selers'm arketconditions.
155 670
111 609
3% 8% -21% 40% 10%
138 611
-5% -5% -2% 12% 10%
$1,178,311 $1,065,000 4.3
$1,144,359 $990,000 5.5
$1,237,745 $1,126,000 4.4
Thedetachedm edian pricein M aywas$1,065,000,a8% increasefrom Apriland 5% below M ay2022.
Theaveragesold pricein M aywas$1,178,311 fordetached hom es,a3% increasefrom lastm onth and 5% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
739
771
749
748
714
670
54
641
611
609
590
551
507 513
45
155
138
121
28
111
107 77 101 90 82 80
73
53 38
$1,126,000 $1,100,000 $1,050,450
$1,090,000 $1,065,000
$1,005,000
$884,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
300
13.6
250
200
150
6.6
100
3.0
2.9 2.5
0 50
2.3
1.5 2.0
<$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 +
3 7 2.3
3 9 3.0
22 33 1.5
24 47 2.0
17 50 2.9
48 119 2.5
17 113 6.6
21 285 13.6
M onthsofInv. Inventory Sales
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