September 2024 Real Estate Market Update for Central Okanagan
Posted by AJ Hazzi on
As September unfolds, the real estate market in Central Okanagan presents a mixture of challenges and opportunities for potential homebuyers and sellers. This blog post delves into the latest market statistics from Central Okanagan, revealing trends in inventory levels, pricing, and the rental market that are reshaping local real estate dynamics.
Market Overview
In September 2024, Central Okanagan's real estate market saw significant activities with a rise in new listings and adjustments in sales and pricing. With 882 new listings, the market experienced a 12.5% increase from the previous year, signaling a more vibrant listing environment. However, units sold decreased to 317, marking a decline of 11.7%. The benchmark price for homes…
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