cityofkelowna TOWNHOME|MAY2023
TOTAL LISTINGS ▲ 9% VS 202
MONTHS OF INVENTORY 2.2 SEL ERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 6% VS 202
▼ 4% VS 202
▲ 9% VS 202
Therewere186townhom elistingsin theCityofKelowna in M ay,3% lowerthan Apriland 9% aboveM ay2022.
M aytownhom esalesincreased by110% m onth-over-m onth,to84,and were9% aboveM ay2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere2.2m onthsofinventoryfortownhom esin M ay,reflecting selers'm arketconditions.
$751,179 $717,500 2.2 84 186
$677,585 $698,150 4.8 40 192
-54% 110% -3%
$802,181 $745,000 2.2 77 171
0% 9% 9%
Thetownhom em edian pricein M aywas$717,500,a3% increasefrom Apriland 4% below M ay2022.
11% 3%
-6% -4%
Theaveragesold pricein M aywas$751,179for townhom es,a11% increasefrom lastm onth and 6% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
200
197
204
200
202
200
192
186
171
48
164
47
155
151 146
84
77
62
44
41
42 39 39
40
31 32
22 25
22
$745,000 $692,500 $700,000 $736,750 $715,000
$717,500
$645,000
M ay-2022 Apr-2023 M ay-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
40
6.5
30
3.0 3.2
20
2.9 3.0
2.3
1.8
1.0 1.3 1.2
10
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 +
4 4 1.0
7 9 1.3
11 13 1.2
17 39 2.3
18 33 1.8
12 36 3.0
5 16 3.2
7 20 2.9
1 3 3.0
2 13 6.5
M onthsofInv. Inventory Sales
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