the kelowna rennie advance | January 2024

highlights • TheCentralO kanagan talied only154 M LS salesin D ecem ber2023,the7th consecutivem onth ofdecliningtransaction countsin theregion.ThiswasthelowestD ecem bersalescountsince 2010 and was43% below thepast-decadeD ecem beraverage. • The31% drop in saleslastm onth wasm orethan thetypicalN ovem ber-to-D ecem berdeclineof 24%.D etached hom esalesfelby33%,townhom esalesweredown 26%,and condosalesfelby 31%. • Forthefulyear2023,therewere3,795M LS salesin theCentralOkanagan— thiswas17% fewer than in 2022,26% below thepast-decadeaverageof5,129,and thelowestannualtotalsince2013.

CENTRALOKANAGAN THERENNIEADVANCE sales

DECEMBER 2023

500

- 15% vsD ec2022

400

300

144 10 yrDecAvg

200

DETACHED sales

100

81

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

- 44% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

- 18% vsD ec2022

200

150

54 10 yrDecAvg

100

TOWNHOME sales

50

31

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

- 43% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

- 11% vsD ec2022

300

250

200

71 10 yrDecAvg

150

100

CONDO sales

50

42

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

- 41% vs10yrD ecAvg

● December ﹍ 10 yrD ecem berAverage

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