Okanagan · Market Intelligence
Okanagan Market Report
September 2026
A monthly read on the Okanagan residential market from the Association of Interior REALTORS® MLS®. Start with the whole valley, then drill into each sub-region, home type and community.
Active listings
4,916
residential inventory, down 8.4% on Sep 2025
New · September
1,299
came to market, down 19.5% on Sep 2025
Sales · September
576
reported sold, down 11.0% on Sep 2025
Median $ / sq ft
$378
sold homes, last 90 days
Sale to list
96.9%
median, sold homes
Days on market
60
median, sold homes
Months of inventory
7.8
active ÷ monthly sales pace, 1,902 sales in 90 days
Reduced · September
11.9%
587 active listings cut
Typical sale, all types and areas blended: $669,000. A single blended median shifts with the mix of what happens to sell, so it is a weak gauge on its own. The breakdowns below are the truer read.
Across the Okanagan, 4,916 active listings met 1,902 sales over 90 days (about 634 a month), leaving roughly 7.8 months of inventory; sold homes closed at 96.9% of asking in 60 days. Per square foot, apartments lead at $428 against roughly $375 for single family homes and townhomes, because apartments are smaller, land-light footprints, even though their total price is far lower. Read $/sq ft as the mix-robust momentum gauge and the segment medians as the price you would actually pay.
Okanagan by home type
| Home type | Sales · Sep | Median sold | $/sq ft | Sale/list | Med DOM | Active | Sold 90d | MOI |
|---|---|---|---|---|---|---|---|---|
| Single family | 281−9.9% | $835,000 | $375 | 97.1% | 52 | 2,127 | 945 | 6.8 |
| Townhomes | 71−20.2% | $607,000 | $372 | 97.4% | 55 | 698 | 240 | 8.7 |
| Apartments | 117−18.8% | $410,000 | $428 | 96.7% | 67 | 1,086 | 390 | 8.4 |
By price range
| Price range (list) | Active | Sold 90d | Sale/list | MOI |
|---|---|---|---|---|
| Single family | ||||
| Under $600K | 231 | 142 | 96.6% | 4.9 |
| $600K to $800K | 434 | 272 | 97.4% | 4.8 |
| $800K to $1M | 422 | 206 | 97.7% | 6.1 |
| $1M to $1.5M | 526 | 219 | 96.6% | 7.2 |
| $1.5M to $2M | 236 | 56 | 95.6% | 12.6 |
| $2M+ | 278 | 50 | 95.7% | 16.7 |
| Townhomes | ||||
| Under $500K | 181 | 71 | 97.3% | 7.6 |
| $500K to $650K | 199 | 72 | 97.4% | 8.3 |
| $650K+ | 318 | 97 | 97.5% | 9.8 |
| Apartments | ||||
| Under $350K | 330 | 117 | 96.1% | 8.5 |
| $350K to $500K | 359 | 158 | 96.7% | 6.8 |
| $500K to $750K | 228 | 80 | 97.1% | 8.5 |
| $750K+ | 169 | 35 | 96.2% | 14.5 |
Single family homes listed under $1.5M had 5.8 months of inventory; above $1.5M, 14.5. $1.5M is the ceiling for an insured mortgage, so above it a buyer needs at least 20% down.
Central Okanagan
Kelowna, West Kelowna, Lake Country, Peachland, Big White, Beaverdell and smaller communities.
- Active
- 2,763
- Sold 90d
- 1,080
- Median sold
- $734,000
- Median $/sq ft
- $401
- Sale to list
- 96.9%
- Months supply
- 7.7
By home type
| Home type | Benchmark · Sep | Sales · Sep | Median sold | $/sq ft | Sale/list | Med DOM | Active | Sold 90d | MOI |
|---|---|---|---|---|---|---|---|---|---|
| Single family | $1,057,200+3.4% | 147−3.9% | $955,000 | $391 | 97.2% | 46 | 1,206 | 514 | 7 |
| Townhomes | $696,600−5.5% | 45−10.0% | $664,000 | $396 | 97.5% | 58 | 414 | 156 | 8 |
| Apartments | $496,700+2.0% | 79−21.0% | $426,000 | $451 | 96.7% | 63 | 741 | 286 | 7.8 |
By price range
| Price range (list) | Active | Sold 90d | Sale/list | MOI |
|---|---|---|---|---|
| Single family | ||||
| Under $600K | 43 | 26 | 96.7% | 5 |
| $600K to $800K | 166 | 118 | 97.6% | 4.2 |
| $800K to $1M | 255 | 129 | 97.7% | 5.9 |
| $1M to $1.5M | 346 | 155 | 96.9% | 6.7 |
| $1.5M to $2M | 180 | 44 | 95.6% | 12.3 |
| $2M+ | 216 | 42 | 95.9% | 15.4 |
| Townhomes | ||||
| Under $500K | 50 | 26 | 96.5% | 5.8 |
| $500K to $650K | 117 | 46 | 97.5% | 7.6 |
| $650K+ | 247 | 84 | 97.5% | 8.8 |
| Apartments | ||||
| Under $350K | 137 | 67 | 96.3% | 6.1 |
| $350K to $500K | 274 | 128 | 96.8% | 6.4 |
| $500K to $750K | 196 | 63 | 96.9% | 9.3 |
| $750K+ | 134 | 28 | 96.1% | 14.4 |
By community
| Community | Active | Sold 90d | Median sold | $/sq ft | Sale/list | Med DOM | MOI | Reduced · Sep |
|---|---|---|---|---|---|---|---|---|
| Kelowna | 1,719 | 725 | $732,000 | $412 | 96.9% | 50 | 7.1 | 12.7% |
| West Kelowna | 606 | 208 | $693,000 | $369 | 97.1% | 56 | 8.7 | 12.2% |
| Lake Country | 200 | 81 | $920,000 | $397 | 97.4% | 58 | 7.4 | 8.0% |
| Peachland | 111 | 41 | $680,000 | $383 | 96.7% | 82 | 8.1 | 14.4% |
| Big White | 97 | 19 | $572,000 | $507 | 95.4% | 92 | 15.3 | 3.1% |
| Beaverdell | 17 | 2 | $320,000 | $267 | 91.1% | 152 | 25.5 | 5.9% |
| Other communities | 13 | 4 | $570,000 | $321 | 96.6% | 96 | 9.8 | 7.7% |
North Okanagan
Vernon, Coldstream, Enderby, Lumby, Armstrong, Spallumcheen, Falkland, Silver Star and smaller communities.
- Active
- 904
- Sold 90d
- 394
- Median sold
- $645,000
- Median $/sq ft
- $352
- Sale to list
- 97.2%
- Months supply
- 6.9
By home type
| Home type | Benchmark · Sep | Sales · Sep | Median sold | $/sq ft | Sale/list | Med DOM | Active | Sold 90d | MOI |
|---|---|---|---|---|---|---|---|---|---|
| Single family | $793,000+5.6% | 71−11.3% | $730,000 | $355 | 97.3% | 58 | 385 | 225 | 5.1 |
| Townhomes | $563,400−1.1% | 18−21.7% | $418,000 | $329 | 97.3% | 49 | 136 | 46 | 8.9 |
| Apartments | $324,300+4.4% | 13−23.5% | $336,000 | $368 | 97.3% | 95 | 92 | 32 | 8.6 |
By price range
| Price range (list) | Active | Sold 90d | Sale/list | MOI |
|---|---|---|---|---|
| Single family | ||||
| Under $600K | 82 | 51 | 97.0% | 4.8 |
| $600K to $800K | 104 | 78 | 97.7% | 4 |
| $800K to $1M | 57 | 48 | 97.8% | 3.6 |
| $1M to $1.5M | 83 | 37 | 96.2% | 6.7 |
| $1.5M+ | 59 | 11 | 95.8% | 16.1 |
| Townhomes | ||||
| Under $500K | 60 | 27 | 97.4% | 6.7 |
| $500K to $650K | 42 | 13 | 96.8% | 9.7 |
| $650K+ | 34 | 6 | 97.6% | 17 |
| Apartments | ||||
| Under $350K | 49 | 17 | 97.0% | 8.6 |
| $350K+ | 43 | 15 | 97.3% | 8.6 |
By community
| Community | Active | Sold 90d | Median sold | $/sq ft | Sale/list | Med DOM | MOI | Reduced · Sep |
|---|---|---|---|---|---|---|---|---|
| Vernon | 588 | 267 | $609,000 | $347 | 97.3% | 63 | 6.6 | 16.3% |
| Coldstream | 89 | 33 | $965,000 | $379 | 97.3% | 51 | 8.1 | 7.9% |
| Enderby | 51 | 20 | $588,000 | $308 | 96.0% | 70 | 7.6 | 9.8% |
| Lumby | 50 | 17 | $590,000 | $314 | 96.9% | 113 | 8.8 | 6.0% |
| Armstrong | 42 | 28 | $671,000 | $332 | 97.5% | 30 | 4.5 | 7.1% |
| Spallumcheen | 22 | 9 | $1,025,000 | $430 | 97.6% | 83 | 7.3 | 18.2% |
| Falkland | 18 | 7 | $625,000 | $365 | 97.1% | 79 | 7.7 | 16.7% |
| Silver Star | 17 | 5 | $1,201,000 | $508 | 96.2% | 99 | 10.2 | 11.8% |
| Other communities | 27 | 8 | $670,000 | $375 | 98.3% | 105 | 10.1 | 3.7% |
South Okanagan
Penticton, Osoyoos, Oliver, Summerland, Princeton, Keremeos, Okanagan Falls, Naramata, Kaleden, Apex Mountain, Cawston and smaller communities.
- Active
- 1,249
- Sold 90d
- 428
- Median sold
- $574,000
- Median $/sq ft
- $344
- Sale to list
- 96.4%
- Months supply
- 8.8
By home type
| Home type | Benchmark · Sep | Sales · Sep | Median sold | $/sq ft | Sale/list | Med DOM | Active | Sold 90d | MOI |
|---|---|---|---|---|---|---|---|---|---|
| Single family | $718,400−6.2% | 63−20.3% | $680,000 | $358 | 96.8% | 73 | 536 | 206 | 7.8 |
| Townhomes | $486,700−5.7% | 8−50.0% | $509,000 | $341 | 97.3% | 50 | 148 | 38 | 11.7 |
| Apartments | $445,300+5.0% | 25−7.4% | $364,000 | $355 | 95.9% | 67 | 253 | 72 | 10.5 |
By price range
| Price range (list) | Active | Sold 90d | Sale/list | MOI |
|---|---|---|---|---|
| Single family | ||||
| Under $600K | 106 | 65 | 96.5% | 4.9 |
| $600K to $800K | 164 | 76 | 97.3% | 6.5 |
| $800K to $1M | 110 | 29 | 97.7% | 11.4 |
| $1M to $2M | 125 | 31 | 95.5% | 12.1 |
| $2M+ | 31 | 5 | 94.0% | 18.6 |
| Townhomes | ||||
| Under $500K | 71 | 18 | 97.5% | 11.8 |
| $500K to $650K | 40 | 13 | 97.8% | 9.2 |
| $650K+ | 37 | 7 | 96.8% | 15.9 |
| Apartments | ||||
| Under $350K | 144 | 33 | 95.5% | 13.1 |
| $350K to $500K | 63 | 18 | 95.6% | 10.5 |
| $500K to $750K | 24 | 14 | 97.3% | 5.1 |
| $750K+ | 22 | 7 | 97.7% | 9.4 |
By community
| Community | Active | Sold 90d | Median sold | $/sq ft | Sale/list | Med DOM | MOI | Reduced · Sep |
|---|---|---|---|---|---|---|---|---|
| Penticton | 400 | 172 | $575,000 | $346 | 96.6% | 56 | 7 | 9.0% |
| Osoyoos | 282 | 62 | $604,000 | $318 | 96.3% | 90 | 13.6 | 8.9% |
| Oliver | 144 | 49 | $565,000 | $337 | 96.9% | 82 | 8.8 | 10.4% |
| Summerland | 136 | 41 | $689,000 | $366 | 97.3% | 77 | 10 | 11.0% |
| Princeton | 68 | 25 | $485,000 | $309 | 96.9% | 66 | 8.2 | 22.1% |
| Keremeos | 57 | 21 | $514,000 | $306 | 96.4% | 92 | 8.1 | 8.8% |
| Okanagan Falls | 50 | 20 | $471,000 | $322 | 95.6% | 78 | 7.5 | 20.0% |
| Naramata | 26 | 9 | $1,043,000 | $529 | 94.3% | 93 | 8.7 | 15.4% |
| Kaleden | 18 | 9 | $790,000 | $391 | 95.8% | 90 | 6 | 11.1% |
| Apex Mountain | 17 | 3 | $259,000 | $381 | 91.7% | 118 | 17 | 0.0% |
| Cawston | 16 | 5 | $550,000 | $468 | 94.5% | 139 | 9.6 | 12.5% |
| Other communities | 35 | 12 | $296,000 | $290 | 91.3% | 99 | 8.8 | 11.4% |