Kelowna Real Estate Market – August 2025 Update
The Kelowna real estate market continued to adjust in August 2025. Total sales reached 371 homes, down from July’s 456, but still ahead of August 2024 (323 sales). Compared to the 10-year average of 501 sales, activity remains below historic norms.
On the supply side, 3,849 active listings were available in August—slightly lower than July but well above the 10-year average of 3,000. This higher inventory means buyers in Kelowna and West Kelowna still have more choices. However, history shows inventory usually falls by one-third before December, which means sellers who price smart now will be positioned to capture demand before supply tightens.
Detached Homes: Steady and Reliable
-
Sales: 171 (down from 212 in July)
-
Inventory: 1,751 (above the 10-year average of 1,500)
-
Prices: Median $964,000 | Average $1,142,265
Detached homes remain the most stable segment of the Kelowna housing market. While sales dipped, prices are holding firm, and some neighborhoods even saw increases. For sellers, this shows that well-priced homes are still in demand. For buyers, it means less volatility but opportunities to negotiate.
Townhomes: Buyer Leverage Growing
-
Sales: 47 (down from 61 in July)
-
Inventory: 426 (vs. 315 last year)
-
Prices: Median $650,000 | Average $699,379
Townhomes are clearly leaning toward buyers. With more listings on the market, buyers in Kelowna have stronger negotiating power. Sellers should be strategic with pricing and presentation to stand out in a competitive field.
Condos & Apartments: Busy but Oversupplied
-
Sales: 101 (second time this year breaking 100 sales)
-
Inventory: 896 (vs. 10-year average of 600)
-
Prices: Median $420,000 | Average $458,781
Condo activity is heating up, but inventory is well above average. Many sellers are listing due to short-term rental restrictions and new builds entering the market. Developers and investors should watch October closely—if the vacancy rate exceeds 3% for a second consecutive year, the City of Kelowna may opt out of the STR restrictions, opening new opportunities for both buyers and builders.
August 2025 Market Snapshot
-
Total Sales: 371
-
New Listings: 921
-
Active Listings: 3,849
-
Median Sale Price: $720,000
-
Average Sale Price: $812,523
-
Months of Inventory: 10
Key Takeaways
-
For Buyers: August represents one of the most balanced and buyer-friendly markets Kelowna has seen in years. More choice, more leverage, and real opportunities exist in both the condo and townhome markets.
-
For Sellers: With inventory expected to drop by winter, pricing your home correctly now is crucial. Strategic sellers will benefit from reduced competition later in the year.
-
For Developers & Home Builders: Oversupply in the condo market and Bill 44’s push for infill multifamily development are shaping Kelowna’s housing pipeline. Monitoring vacancy rates and zoning changes will be critical for planning projects.
📊 The bottom line:
Detached homes are steady, townhomes lean toward buyers, and condos remain active but oversupplied. Whether you’re buying, selling, or developing, strategy is everything in today’s Kelowna real estate market.
👉 Want the full breakdown?
Subscribe for weekly insights here or use our
MLS® home search app to explore the latest Okanagan homes for sale.
Mark and Maddie Coons
Selling Kelowna Real Estate Group
Tel: 778-744-0872
