David Delorme - Personal Real Estate Corporation

Your Investment Property Specialist


2019 Central Okanagan Housing Market in Review

We had an interesting year in 2019.

The market saw a late 2018 correction that kept housing sales slower for the first half of 2019. Right around July, we saw an increase in unit sales for single family homes, condos and townhomes. This continued all the way to December.

The number of active listings started above 2018 levels but has now decreased to below 2018 levels. This is due in part to the increase in sales units.

With all this going on, sales prices have remained relatively stable if not increased a few percentage points. The general feeling is that consumer confidence is recovering so I look forward to seeing what 2020 brings for our housing market.

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