centralokanagan DETACHED |APRIL2023
TOTAL LISTINGS ▲ 30% VS 202
MONTHS OF INVENTORY 5.6 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 15% VS 202
▼ 14% VS 202
▼ 26% VS 202
Therew ere1,082 detached listingsin theCentral O kanagan in April,5% higherthan M arch and 30% above April2022. Aprildetached hom esalesdecreased by 1.0% m onth-over-m onth,to192,and were26% below April 2022.
THISMONTH No. $1,105,849 $949,500 5.6 192 1,082
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.6m onthsofinventoryfordetached hom esin April,reflecting balanced m arketconditions.
$1,186,439 $972,500 5.3 194 1,028
-7% -2% 6% -1.0% 5%
259 832
-15% -14% 76% -26% 30%
$1,303,920 $1,100,000 3.2
Thedetachedm edian pricein Aprilwas$949,500,a2% decreasefrom M arch and 14% below April2022.
Theaveragesold pricein Aprilwas$1,105,849 for detached hom es,a7% decreasefrom lastm onth and 15% below lastyear. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,333
1,301
1,233
1,254
1,214
58
1,082
1,035
1,052
1,028
53
915
849 856
832
259 251
194
192
127
173 133 176 163 134 127
90 70
23
$1,100,000 $1,039,000
$975,000 $949,500
$960,000
$932,500
$900,000
Apr-2022 M ar-2023 Apr-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
400
17.2
300
200
6.2
5.5
100
3.5 2.9
3.0
2.8
1.9
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 +
1 3 3.0
14 39 2.8
34 66 1.9
31 107 3.5
30 88 2.9
30 164 5.5
28 173 6.2
24 412 17.2
M onthsofInv. Inventory Sales
4
4
6
16
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