Kelowna Real Estate Market Stats — January 2026
January started soft: sales fell, new listings more than doubled, and months of inventory rose to 13. The good news: late January and early February activity picked up, with weekly sales around 73 and a quick spike close to 90.
What usually happens next (seasonal pattern)
If the last 10 years repeat, January is often the low point. Historically:
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February is about 44% higher than January
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March is about 36% higher than February
That’s why sales could trend closer to ~300 in February and ~400 in March if the normal spring pattern shows up.
Total Market Stats (All Property Types | Jan 2026 vs Dec 2025)
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Sales: ⬇️ 210
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New Listings: ⬆️ 831
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Current Inventory: ⬇️ 2,703
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Median Days to Sell: ⬆️ 77
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Average Days to Sell: ⬆️ 89
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Months of Inventory: ⬆️ 13
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Median Sale Price: ⬆️ $740,000
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Average Sale Price: ⬇️ $861,174
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Total Volume: ⬇️ $179,985,439
View all sales: (insert link)
What this means in plain English
More homes came up for sale, homes took longer to sell, and buyers had more choices. That usually means buyers can negotiate harder, and sellers need sharper pricing + better marketing.
Single Family Homes (Jan 2026 vs Dec 2025)
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Sales: ⬇️ 95
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New Listings: ⬆️ 347
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Current Inventory: ⬆️ 1,099
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Median Days to Sell: ⬆️ 75
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Average Days to Sell: ⬆️ 82
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Months of Inventory: ⬆️ 12
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Median Sale Price: ⬆️ $950,000
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Average Sale Price: ⬇️ $1,094,104
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Total Volume: ⬇️ $102,845,739
View all sales: (insert link)
Seller takeaway: If you’re a move-in-ready home, you can still win—but only if you’re priced right from day one.
Buyer takeaway: More options + longer days-to-sell usually means more room to negotiate.
Townhomes (Jan 2026 vs Dec 2025)
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Sales: ⬇️ 36
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New Listings: ⬆️ 121
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Current Inventory: ⬇️ 317
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Median Days to Sell: ⬆️ 82
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Average Days to Sell: ⬆️ 91
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Months of Inventory: ⬆️ 9
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Median Sale Price: ⬆️ $661,250
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Average Sale Price: ⬆️ $730,581
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Total Volume: ⬆️ $26,300,900
View all sales: (insert link)
Townhome note: Months of inventory is lower than the total market, but days-to-sell still rose. That can happen when buyers are picky and only the best listings move fast.
Apartments / Condos (Jan 2026 vs Dec 2025)
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Sales: ⬆️ 55
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New Listings: ⬆️ 221
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Current Inventory: ⬇️ 686
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Median Days to Sell: ⬆️ 70
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Average Days to Sell: ⬆️ 83
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Months of Inventory: ⬇️ 12
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Median Sale Price: ⬆️ $410,000
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Average Sale Price: ⬆️ $501,550
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Total Volume: ⬆️ $27,585,250
View all sales: (insert link)
Apartment trend: Sales and prices improved here, and inventory dipped. That can be a sign that entry-level buyers are active, especially if rates feel steady.
If you’re selling in Kelowna
Pros right now
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Spring demand often rises after January.
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If your home shows well, you can still get strong interest.
Cons right now
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More listings means more competition.
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Longer days-to-sell means overpriced homes sit.
Best move
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Price for today’s market (not last year’s peak).
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Fix the “easy stuff” (paint, lights, staging, curb appeal).
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Use a launch plan (photos + video + strong online reach).
If you’re buying in Kelowna
Pros right now
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More listings usually means more choice.
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Longer days-to-sell can mean better negotiation.
Cons right now
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The best homes still sell fast.
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If spring heats up, competition can rise quickly.
Best move
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Get pre-approved first.
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Watch price drops + days-on-market.
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Negotiate with facts (comps, condition, days listed).
Buyer CTA: Start your home search here: https://sellingkelownarealestate.com/home-search/listings
If you’re a developer or home builder
What these stats suggest
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Single family has higher inventory and slower pace → buyers are value-focused.
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Apartments are showing stronger sales → end-user demand may be healthier at lower price points.
Practical takeaways
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Design for the buyer’s budget (efficient layouts, real storage, good parking).
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Hit the “boring basics” (soundproofing, durable finishes, simple strata fees).
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Pre-sell with clear numbers: price per sq ft, strata estimate, parking plan, and realistic timelines.
Developer CTA: Want a quick demand + pricing check for your site (infill duplex/4-plex/6-plex)? Book here: https://calendly.com/sellingkelownarealestate
FAQ
Is Kelowna a buyer’s market right now?
In many areas, it’s leaning buyer-friendly because inventory is high and homes take longer to sell.
What does 13 months of inventory mean?
It means if nothing changed, it could take about 13 months to sell what’s currently for sale. That usually gives buyers more power.
Will sales pick up in February and March?
Often they do. Over the last 10 years, February and March usually jump higher than January. But rates, confidence, and new listings still matter.
Should I list now or wait for spring?
If you’re priced right, listing earlier can mean less competition. Waiting can bring more buyers—but also more competing listings.
Mark & Maddie
Selling Okanagan Group | eXp Realty Kelowna
📞 778-744-0872
📩 [email protected]
Mark Coons, Personal Real Estate Corporation, BBA, CE
Team Lead, Selling Okanagan Group | REALTOR® | eXp Realty Kelowna
Relocated to Kelowna in 2018
📞 778-744-0872 | 📩 [email protected]
