Kelowna Real Estate Market Update – June 2025

Kelowna Real Estate Market Update – June 2025

Kelowna’s real estate market in June 2025 is showing signs of balance—but not without a few twists. While active listings for single-family homes are rising, overall sales are slowing down. It’s not a seller’s market. It’s not a buyer’s market. It’s something in between—a calmer, more thoughtful Kelowna real estate market, ideal for those who act strategically.

📉 Market Snapshot – June 2025

• Median Sale Price (All Types): $765,000

• Months of Inventory: 9

• Active Listings: 1,640 single-family homes

• Compared to June 2021: Inventory is up nearly 3x, but sales volume is lower

🏠 For Home Buyers in Kelowna: More Choice, Less Pressure

If you’re shopping for real estate in Kelowna, this is a great time to explore options with less competition and stable pricing. Unlike the overheated markets of 2021 and 2022, today’s environment gives buyers room to breathe—and negotiate.

What this means for you:

• Inventory is growing across all housing types

• Prices have remained flat or dipped slightly

• More days on market = more time to make informed decisions

🎯 Buyer Keywords:
Kelowna homes for sale | First-time homebuyer Kelowna | Buy a house in Kelowna | Real estate listings Kelowna | Condos for sale in Kelowna

👉 Tip: If you're a first-time buyer or looking to upsize, this market gives you negotiation power without massive price spikes.

🏡 For Sellers in Kelowna: It’s All About Smart Strategy

Homes in Kelowna are still selling—but gone are the days of quick, unconditional offers. In today’s market, correct pricing and strong presentation make all the difference.

Seller must-knows:

• The average single-family home takes 57 days to sell

• Overpricing leads to stagnation

• Well-priced, well-marketed homes still move

🎯 Seller Keywords:
Sell my house Kelowna | Kelowna home evaluation | Best real estate agent Kelowna | Home staging Kelowna | How to sell fast in Kelowna

👉 Tip: Work with a real estate professional who knows how to position your home properly, maximize exposure, and negotiate well in this slower-paced market.

🏗️ For Developers & Infill Builders: Kelowna Needs You

As housing affordability continues to challenge the detached home market, Kelowna developers and infill builders have a major opportunity in front of them. With zoning reforms and densification plans moving forward, this is the time to capitalize on demand for multi-family infill housing.

Development Opportunities:

• Inner-city lots for duplexes, triplexes, and fourplexes

• Transit-oriented locations with medium-density zoning

• Undersupplied neighborhoods seeking walkable, community-focused builds

🧭 Where Is the Market Headed?

The last two weeks of June saw a 20% decline in sales, likely influenced by:

• School graduations and summer travel

• Ongoing global uncertainties

• Lingering buyer caution from early-year market shifts

But here’s what’s clear:

• This is not a crash

• This is not a bubble

• It’s a return to a more rational market

Whether you're buying, selling, or building, there's opportunity in clarity—and the Kelowna market is offering just that.

✅ Final Thoughts: Who Wins in Today’s Market?

• Buyers with financing in place and clear goals

• Sellers who are realistic about pricing and presentation

• Builders who meet the need for diverse, affordable housing

📞 Thinking about your next real estate move in Kelowna?
Whether you're looking to buy, sell, or break ground on your next project, connect with a local expert who understands the dynamics of the Kelowna real estate market in 2025.

📌 Let’s Talk Kelowna Real Estate

Contact us today for:

• A free home valuation

• New listings and off-market properties

• Infill development opportunities

• Market insights tailored to your goals

Mark and Maddie Coons

Selling Kelowna Real Estate Group

Tel: 778-744-0872

email: [email protected]