The real estate market in the Central Okanagan saw its quietest August in 15 years, with sales dropping by more than 30% from July.

Figures released by the real estate analyst, the Rennie Advance, show that sales in August were the lowest since 2011 and 18% behind August 2025.

Townhomes took the biggest hit, with sales 44% below the 10-year August average, followed by detached homes at 35%, and condos at 30%.

The Association of Interior Realtors points to the wildfires as the reason for the decline in sales, although the Okanagan has had severe wildfires in previous summers that haven’t dampened the market as much.

According to the Association of Interior Realtors, which uses a slightly different geographical area than the Rennie Advance, sales in the Central Okanagan were down 9%. The North and South Okanagan both saw their real estate markets slide by 34%, with Kamloops being the outlier.

Sales in Kamloops dropped only 1.4% overall, driven down by reduced condo sales, while single-family homes and townhomes saw a slight increase.

While sales were down across the Okanagan, prices still held steady.

The benchmark cost of a single-family home in the Central Okanagan increased, albeit by 0.2% to $1,056,700, while the North Okanagan saw a 0.7% increase to $794,300.

Both Kamloops and the South Okanagan saw a 5% increase in the cost of a single-family home, with homes going for $669,100 and $767,800, respectively.

Townhomes took a hit in the Central and North Okanagan, with sales and prices both falling.

Sales dropped 11% in the Central Okanagan, with a townhome now costing $698,600, a 3% reduction. In the North Okanagan, sales dropped 50%, with 13 townhomes sold in August. The price fell 7% to $545,900.

The South Okanagan saw eight townhomes sold, a 57% drop, but prices held steady, increasing 3% to $504,700.

Kamloops saw sales up 4%, but prices down 3%, with a townhome now going for $508,400.

Condo sales from Kamloops to Penticton fell, as did prices in most regions.

Penticton bucked the trend with 20 condos sold, a 43% drop. Prices, however, stayed on par with a condo now going for $435,900, a 1.1% increase.

The Central Okanagan saw condo sales fall 5% and the North Okanagan 20%. The price in the Central Okanagan now sits at $435,900, a 6% decrease, and in the North Okanagan at $302,400, a 3% decrease.

The Kamloops condo market fell 5%, with a unit now going for $375,900, a 1.1% increase.