Kelowna Real Estate Market August 2025 News Prices and Trends

Kelowna Real Estate Market August 2025

Welcome to my Kelowna Real Estate Market August 2025 Report.

As we ended July & entered August — typically a quieter month in Kelowna real estate — we have been seeing familiar seasonal patterns layered with a healthy dose of uncertainty. With many locals and buyers taking a break, and broader economic concerns still top of mind.

Kelowna Real Estate August 2025 Stats Report

*NOTE: These numbers were reviewed on August 5, 2025, using Association of Interior Stats and may be subject to minor changes, should further sales be reported for July 2025.

Kelowna Real Estate Market Single Family Homes

Kelowna Real Estate Market Condos

Kelowna Real Estate Market Town Homes

Single-Family Homes July 2025

Home Sales

July 2025: 206 homes sold.
Month-over-Month: Down 6.4% from 220 in June 2025.
Year-over-Year: Up 7.9% from 191 in July 2024.

Median Price

July 2025: $935,000
Month-over-Month: Down 6.5% from $1,000,000 in June 2025.
Year-over-Year: Down 1.7% from $951,000 in July 2024.

Inventory

July 2025: 1,678 listings.
Month-over-Month: Down 1.6% from 1,705 in June 2025.
Year-over-Year: Down 3.3% from 1,735 in July 2024.

Median Days on Market

July 2025: 42 days.
Month-over-Month: Up 20% from 35 days in June 2025.
Year-over-Year: Up 10.5% from 38 days in July 2024.

Single-Family Home Takeaways July 2025:

Home sales eased slightly month-over-month but showed modest improvement year-over-year.
Prices declined both monthly and annually, suggesting continued pressure on seller expectations.
Inventory levels tightened slightly, signalling some sellers may be holding off for better conditions.
Homes are taking longer to sell, indicating cautious buyer behaviour and slower decision-making.

Note: The numbers in this post relate to single-family homes only.

Condos July 2025

Condo Sales:

July 2025: 115 Condos Sold
Month-over-Month: Up 23.7% from 93 in June 2025.
Year-over-Year: Down 1.7% compared to 117 in July 2024.

Median Price:

July 2025: $437,000.
Month-over-Month: Up 2.0% from $428,500 in June 2025.
Year-over-Year: Down 2.9% from $450,000 in July 2024.

Inventory:

July 2025: 970 Listings
Month-over-Month: Down 0.9% from 979 in June 2025.
Year-over-Year: Up 23.4% from 786 in July 2024.

Median Days on Market:

July 2025: 63 Days
Month-over-Month: Up 40% from 45 days in June 2025.
Year-over-Year: Up 40% 45 days in July 2024.

Condos Key Takeaways – July 2025

Condo sales saw a strong monthly rebound but remained slightly below last year’s pace.
Prices edged up from June but are still trending lower compared to the same time last year.
Inventory levels remain elevated year-over-year, adding to buyer choice and competition among sellers.
Days on market increased sharply, pointing to slower absorption and more cautious buyer behaviour.

Townhomes July 2025

Townhome Sales:

July 2025: 61 Townhomes Sold.
Month-over-Month: Down 1.6% from 62 in June 2025.
Year-over-Year: Down 3.2% from 63 in July 2024.

Median Price:

July 2025: $660,000.
Month-over-Month: Virtually the same $660,500 in June 2025.
Year-over-Year: Down 3.6 % from $685,000 in July 2024.

Inventory:

July 2025: 441 Listings.
Month-over-Month: Down 0.9% from 445 in June 2025.
Year-over-Year: Down 5.8% from 468 in July 2024.

Median Days on Market:

July 2025: 38 Days
Month-over-Month: Up 5.6% from 36 days in June 2025.
Year-over-Year: The same at 38 days in July 2024.

Townhome Takeaways July 2025:

Sales activity remained steady with only minor changes month-over-month and year-over-year.
Prices held firm compared to last month but softened slightly from last year.
Inventory has gradually declined, suggesting fewer new listings are coming to market.
Days on market rose slightly from June but stayed consistent year-over-year, pointing to stable buyer interest.

Kelowna Real Estate Market Outlook: August to October 2025

Here’s what to watch over the next three months.

Current Positives in the Kelowna Real Estate Market

More Realistic Pricing is Emerging
Across homes, condos, and townhomes, we’re seeing signs that sellers are trying hard and adjusting expectations. This shift could open the door for motivated buyers as fall activity ramps up.
Seasonal Activity Expected to Pick Up
September and October typically bring a resurgence in showings and offers. Many buyers and sellers who paused for the summer return to the market, aiming to make a move before winter.
Higher Condo Inventory Offers Buyers More Choice
The condo segment continues to show strong inventory levels, giving buyers — including UBCO parents and investors — more flexibility and negotiating room than we’ve seen in recent years.

Current Negatives in the Kelowna Real Estate Market

Interest Rate Uncertainty Lingers
While the Bank of Canada recently held rates steady, continued inflationary pressure and global economic concerns — including tariff impacts — mean rate cuts are not guaranteed. Many buyers remain cautious, choosing to wait and see.
Affordability Remains a Barrier
Even with some price softening, the cost of borrowing and rising living expenses are keeping many buyers on the sidelines or adjusting their expectations.
Buyer-Seller Disconnect is Growing
In my recent experience, buyers are coming in with some aggressive offers — expecting larger discounts than the market is currently reflecting. At the same time, sellers are holding firm, feeling the market hasn’t softened enough to justify the drop. The result? Frustration on both sides, and fewer successful negotiations. It may be time for a bit of a reset — for both buyers and sellers to re-align with where the market actually is. If you’re going in aggressively, make sure it comes with some degree of logic, so that Sellers know you’re serious.
August Slowdown Could Delay Decisions
With many people away and general uncertainty in the air, August may remain quiet. But for serious buyers, this could be a window of opportunity — with less competition and more negotiating power.

📞 Let’s Chat

Ready to take the next step?
Call or text Trish at 250-864-1707
Contact Trish Cenci PREC* by email: here.

Let’s make your next move the best move!

This month’s Photo: Downtown Kelowna towards Prospera Place, July 2025.

Kelowna Real Estate Market August 2025