Big surge in Central Okanagan condo sales but still below average

More condos were sold in the Central Okanagan in May than at any time in the last two years, but sales still remain below the ten-year average.

The Central Okanagan saw a 28% increase in condo sales last month, according to figures released by the Rennie Advantage real estate analysis report.

However, the report notes that condo sales were the outlier and sales of single-detached and townhomes were down 13% and 31%, respectively, compared to May 2025. 

Across the Central Okanagan, total sales were down 18% across all housing types.

Numbers released from the Association of Interior Realtors, which uses a slightly different geographical area, show that sales of single-family homes in the Central Okanagan declined by 7% compared to last year, although prices held steady and increased slightly by 0.6%.

Following suit with its Southern neighbour, sales of single-family homes in the North Okanagan dropped by seven per cent, and prices dropped by 2%.

The South Okanagan bucked the trend with a 17% increase in sales, although prices dipped 3%.

Kamloops also saw single-family home sales increase in May, with a 7% increase. Prices remained on par with May 2025.

Sales of townhomes in the Central Okanagan were down 27%, and saw prices drop two per cent. Townhomes in the North Okanagan also saw declining sales, with 15% fewer sold than in May 2025, although prices increased by 4%.

Kamloops followed the pattern with townhome sales down 16%, and prices down 3%.

Townhomes in the South Okanagan increased by 20%, and prices dropped by 3%.

The condo market grew across the region, with the North Okanagan seeing a 7% increase in sales, and the South Okanagan a 70% increase. Prices in the North Okanagan remained the same while the South Okanagan saw a 6% rise.

The condo market in Kamloops also saw an increase, with sales topping May 2025 by 15%. Prices also rose, albeit by less than 1%.

The benchmark price of a single-family home in the Central Okanagan now sits at $1,063,000, in the North Okanagan, its $757,000, in the South Okanagan $759,000 and in Kamloops $671,000.

A townhome in the Central Okanagan goes for $732,000, in the North Okanagan for $567,000, in the South Okanagan for $510,000 and in Kamloops $508,000.

A condo in the Central Okanagan will set you back $498,000, in the North Okanagan $322,000, in the South Okanagan $449,000 and in Kamloops $379,000.