Huge month for South Okanagan home sales

PENTICTON – Things are looking up in the South Okanagan real estate market as sales and sales volume rose significantly last month.

The South Okanagan Real Estate board reports September total residential sales increased by 42 per cent, from 140 units sold in September, 2018 to 198 units sold this September.

Total sales volume also rose by 47 per cent, from $60,977,338 in September 2018 to $89,474,730 this September.

Total active listing for September, 2019 were up 7.25 per cent to 2085 from 1,944 in September, 2018.

“Home sales continued to strengthen in September, coming in well above the same month last year,” South Okanagan Real Estate Board President Dori Lionello said.

Supply and demand is also well balanced and prices are on track for a gain in line with the overall consumer price inflation, Lionello said.

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