centralokanagan DETACHED|JUNE2023
TOTAL LISTINGS ▲ 5% VS 202
MONTHS OF INVENTORY 5.4 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 5% VS 202
▼ 7% VS 202
▲ 41% VS 202
Therew ere1,314 detached listingsin theCentral Okanagan in June,12% higherthan M ayand 5% aboveJune 2022. Junedetached hom esalesdecreased by 7% m onth-over-m onth,to244,and were41% aboveJune 2022.
THISMONTH No. $1,173,393 $971,250 5.4 244 1,314
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.4m onthsofinventoryfordetached hom esin June,reflecting balanced m arketconditions.
$1,196,874 $1,045,000 4.5 263 1,178
-2% -7% 20% -7% 11.5%
$1,238,392 $1,039,000 7.3 173 1,254
-5% -7% -26% 41% 5%
Thedetachedm edian pricein Junewas$971,250,a7% decreasefrom M ayand 7% below June2022.
Theaveragesold pricein Junewas$1,173,393fordetached hom es,a2% decreasefrom lastm onth and 5% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
1,334
1,302
1,314
1,234
1,254
1,216
1,178
48
1,087
1,055
1,033
44
918
852 859
34
263
244
194
192
126
173 133 176 163 134 127
90 70
$1,039,000
$975,000 $949,500
$971,250
$960,000
$932,500
$900,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
500
12.2
400
300
7.4
200
5.0
3.6
2.6 2.3 2.5 2.5
100
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 13 2.6
16 36 2.3
33 82 2.5
43 106 2.5
33 119 3.6
43 213 5.0
30 222 7.4
41 500 12.2
M onthsofInv. Inventory Sales
4
5
5
8
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