Real estate sales slump in Okanagan and Kamloops

Southern Interior real estate saw a 22% drop in sales in January with fewer properties sold in almost every category across Kamloops and the Okanagan.

Only townhomes in the North Okanagan saw more sales in January, compared to the same month in 2025, with single-family homes and condos across Kamloops and the Okanagan seeing a steep decline in sales. 

According to figures from the BC Association of Interior Realtors, the South Okanagan saw the biggest drop in single-family home sales at 48% fewer than in January 2025. 

The Central Okanagan saw a 17% drop, while the North Okanagan and Kamloops saw a 21% and 25% decline, respectively.

Condo sales also slumped across the region with drops ranging from 32% in the South Okanagan to 13% in the Central Okanagan. The North Okanagan saw a drop of 21% and Kamloops a 25% decline.

The only category that saw an increase in sales was townhomes in the North Okanagan, which saw a 125% increase, but with only nine sales.

Townhome sales were down 50% in the South Okanagan, 35% in Kamloops and 5% in the Central Okanagan.

However, while sales slumped across the region, prices held steady in all markets and categories.

In Kamloops, where condo sales fell by 25%, prices actually increased by 8%.

The biggest price drop across all categories and regions was in townhomes in the Central Okanagan, which saw sales fall by 5% and prices by 9%.

In Kamloops, 25% fewer single-family homes were sold, but prices still increased, albeit by 5%.

The South Okanagan saw the biggest price drop in single-family home prices, with a 7.5% decrease, while the Central Okanagan reported a mere 0.1% decrease in price and the North Okanagan saw a 1.7% decline.

The benchmark price of a single-family home in the Central Okanagan is now $1,060,300, in the North Okanagan it’s $745,200, in the South Okanagan it’s $711,100 and in Kamloops it’s $660,300.