Kelowna Real Estate Market – September 2025 Update
The Kelowna real estate market stayed steady in September 2025 with 379 total sales, nearly unchanged from August. The bigger story is inventory: only 3,713 active listings, down 400 from June’s peak. With another interest rate cut behind us—and whispers of another on the way—buyers are jumping in early to secure the best deals. Higher-end buyers also returned, with five sales over $5M last month, showing renewed confidence.
Single-Family Homes in Kelowna
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Sales: 173
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Inventory: 1,707 (down 37)
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Median Price: $940,000
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Average Price: $1.263M (skewed by a record $17M sale)
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Days on Market: 46 median
Detached homes are holding steady. Realistic pricing has shortened days on market, and while the average was pushed up by a luxury sale, the median is the truer reflection of activity. For sellers, proper pricing and positioning are crucial right now to attract the fall market’s active buyers.
Kelowna Townhomes – Demand Rising
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Sales: 54 (up from August)
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Inventory: 431 (up 11)
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Median Price: $733,750
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Average Price: $845,372
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Months of Inventory: 8
Despite more listings, townhomes in Kelowna saw increased demand, dropping months of inventory. This is a positive signal for buyers and developers alike. Townhomes remain a strong middle ground for families and professionals seeking more space without jumping into detached pricing.
Kelowna Condos & Apartments
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Sales: 102
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Inventory: 837 (down from August)
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Median Price: $436,250
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Average Price: $501,619
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Months of Inventory: 8
Condos logged their third month above 100 sales. Behind the MLS® numbers, presales are quietly pulling a lot of inventory out of the resale market. With Kelowna City Council reviewing short-term rental rules, certain condo buildings may see stronger demand. Developers working on infill multifamily projects should note these shifts in rental demand and pricing pressure.
What This Means for Buyers, Sellers & Developers
For Buyers:
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The market is balanced to buyer-friendly with leverage on your side.
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Rate cuts are spurring activity—acting early could mean more choice and negotiating power.
For Sellers:
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Strategy matters: well-priced, well-presented homes are still moving.
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Waiting too long could mean competing with December’s seasonal inventory drop.
For Developers & Builders:
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Townhomes and infill multifamily builds remain attractive, especially for families priced out of single-family homes.
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Condo dynamics are tied to both presales and policy changes—watch how short-term rental adjustments influence demand.
Okanagan Real Estate Takeaway
The Kelowna real estate market this fall is defined by steady sales, lower inventory, and growing buyer confidence. Whether you’re buying, selling, or building, the opportunities are here—but timing and strategy are everything.
👉 Looking to buy or sell in Kelowna, West Kelowna, or Lake Country? Let’s talk about the best strategy for your goals.
👉 Developers and builders: If you’re working on infill multifamily projects, we can help position your build for today’s buyer demand.
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📲 Search Kelowna homes instantly with our MLS® app (Access Code: 33DC752D)
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🏡 Contact Mark & Maddie – eXp Realty Kelowna for expert advice on buying, selling, or developing in the Okanagan.
Mark and Maddie Coons
Selling Kelowna Real Estate Group
Tel: 778-744-0872
