cityofkelowna DETACHED|JUNE2023
TOTAL LISTINGS ▲ 2% VS 202
MONTHS OF INVENTORY 5.3 BALANCED MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIAN PRICE
SALES
▼ 10% VS 202
▼ 3% VS 202
▲ 34% VS 202
Therewere757 detachedlistingsin theCityofKelownain June,13% higherthan M ayand 2% aboveJune2022.
Junedetached hom esalesdecreased by 8% m onth-over-m onth,to143,and were34% aboveJune 2022.
THISMONTH No.
PREVIOUSMONTH No.
PREVIOUSYEAR No.
% Change
% Change
TOTALLISTINGS TOTALSALES MONTHSOFINVENTORY MEDIAN SOLD PRICE AVERAGESOLD PRICE
Therewere5.3m onthsofinventoryfordetached hom esin June,reflecting balanced m arketconditions.
143 757
155 671
1.9% 0.9% 22% -8% 13%
107 739
-10% -3% -23% 34% 2%
$1,200,373 $1,075,000 5.3
$1,178,311 $1,065,000 4.3
$1,329,980 $1,109,000 6.9
Thedetachedm edian pricein Junewas$1,075,000,a0.9% increasefrom M ayand 3% below June2022.
Theaveragesold pricein Junewas$1,200,373fordetached hom es,a1.9% increasefrom lastm onth and 10% below last year. ▶ AVERAGEDAYSTO SEL
▶ RECENTTRENDS
● SALES ● INVENTORY ● MEDIAN PRICE
739
772
750
749
757
715
671
45
642
610
591
552
41
508 514
33
155
143
121
111
107 77 101 90 82 80
73
53 38
$1,109,000
$1,075,000
$1,042,500
$982,500 $990,000
$968,000
$880,000
Jun-2022 M ay-2023 Jun-2023
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET <5
BALANCED 5-8
BUYERS'MARKET 8+
● SALES ● INVENTORY ● MONTHSOFINVENTORY
300
12.1
200
6.8
4.4
100
3.0
2.7 2.7
1.7 2.1
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 +
2 6 3.0
6 10 1.7
16 34 2.1
21 57 2.7
22 59 2.7
30 133 4.4
20 135 6.8
26 315 12.1
M onthsofInv. Inventory Sales
4
2
2
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