Real Estate

Okanagan real estate: Increase in sales of 5.6 per cent, but stats vary across region - Okanagan

Okanagan real estate may be making a comeback.

In a normally slow month, the Interior Association of Realtors said it saw a 5.6 per cent uptick in year-over-year sales.

There was also month-over-month growth, with January seeing 603 residential unit sales across the Okanagan compared to 528 in December.

“Typically, we see less sales activity in the winter than the summer, however, not usually straight out of the gate after the holiday season. It seems spring may be arriving early in terms of real estate activity, along with the warmer temperatures,” association president Chelsea Mann said in a statement released Monday.

New residential listings saw a slight decrease of 0.9 per cent compared to January 2023, coming in almost on par with 1,576 new listings recorded last month.

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