Kelowna Real Estate Market September 2025 News Prces and Trends

Kelowna Real Estate Market September 2025

Welcome to my Kelowna Real Estate Market September 2025 Report.

August brought a noticeable slowdown in showings, as many buyers and sellers pressed pause to enjoy summer holidays. By the final week, though, momentum began to return with more activity creeping back into the market.

Those stepping forward with offers are doing so with intensity—often negotiating hard after challenging experiences selling their own properties. Layer on the uncertainty surrounding tariffs, and it’s clear that today’s market is demanding both patience and resilience. For sellers, this isn’t a market for the faint of heart.

Kelowna Real Estate Market September 2025 Stats Report

*NOTE: These numbers were reviewed on September 3, 2025, using the Association of Interior Stats and may be subject to minor changes should further sales be reported for August 2025.

Single-Family Homes August 2025

Home Sales

August 2025: 164 homes sold.
Month-over-Month: Down 20.4% from 206 in July 2025.
Year-over-Year: Up 5.1% from 156 in August 2024.

Median Price

August 2025: $950,000
Month-over-Month: Up 1.6% from $935,000 in July 2025.
Year-over-Year: Up 2.7% from $924,750 in August 2024.

Inventory

August 2025: 1,589 listings.
Month-over-Month: Down 5.2% from 1,677 in July 2025.
Year-over-Year: Down 5.5% from 1682 in August 2024.

Median Days on Market

August 2025: 51 days.
Month-over-Month: Up 21.4% from 42 days in July 2025.
Year-over-Year: Up 4.1% from 49 days in August 2024.

Single-Family Home Takeaways August 2025:

Sales activity slowed compared to the previous month but remained slightly stronger than last year.
Prices moved slightly higher than July and above last year’s levels.
Inventory tightened, with fewer homes available for buyers than in both July and last year.
Homes are taking longer to sell, with market time stretching compared to both the previous month and last year.

In summary, a tighter supply of inventory, slightly firmer pricing, but a slower pace of sales, which is normal for summer.

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

Condos August 2025

Condo Sales:

August 2025: 101 Condos Sold
Month-over-Month: Down 12.2% from 115 in July 2025.
Year-over-Year: Up 31.2% compared to 77 in August 2024.

Median Price:

August 2025: $420,000.
Month-over-Month: Down 3.9% from $437,000 in July 2025.
Year-over-Year: Down 2.3% from $430,000 in August 2024.

Inventory:

August 2025: 896 Listings
Month-over-Month: Down 7.4% from 968 in July 2025.
Year-over-Year: Up 19.8% from 748 in August 2024.

Median Days on Market:

August 2025: 51 Days
Month-over-Month: Down 19.0% from 63 days in July 2025.
Year-over-Year: Up 3.8% 53 days in August 2024.

Condos Key Takeaways – August 2025

Condo sales eased from July, but were stronger than last year.
Prices softened compared to both the previous month and last year, as Sellers came to grips with the weaker market.
Inventory tightened month-over-month but remained higher than a year ago, continuing to give buyers more choice.
Condos sold faster than in July, though still a touch slower than last year.

In summary, condos experienced stronger year-over-year demand, but softer pricing and higher inventory indicate that buyers still have significant leverage.

Townhomes August 2025

Townhome Sales:

August 2025: 47 Townhomes Sold.
Month-over-Month: Down 23% from 61 in July 2025.
Year-over-Year: Up 4.4% from 45 in August 2024.

Median Price:

August 2025: $650,000.
Month-over-Month: Down 1.5% $660,000 in July 2025.
Year-over-Year: Down 7.8% from $704,667 in August 2024.

Inventory:

August 2025: 422 Listings.
Month-over-Month: Down 5.4% from 446 in July 2025.
Year-over-Year: Down 4.5% from 468 in August 2024.

Median Days on Market:

August 2025: 43 Days
Month-over-Month: Up 13.2% from 38 days in July 2025.
Year-over-Year: Up 22.9% from 35 days in August 2024.

Townhome Takeaways August 2025:

Sales dropped compared to July, but held slightly above last year.
Prices slipped both month-over-month and more noticeably compared to last year.
Inventory tightened, with fewer listings available than in July and last year.
Homes are taking longer to sell, with days on market rising against both timeframes.

In summary, the townhome market softened in pace and pricing, with buyers taking more time to commit, while supply continued to edge lower.

Kelowna Real Estate Market Fall 2025 Outlook.

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

Current Positives in the Kelowna Real Estate Market

Sellers are adopting a more realistic pricing approach for the current market
Across homes, condos, and townhomes, there are definitely some motivated Sellers. Now is the time for motivated buyers to step in and buy!
Seasonal Activity Expected to Pick Up
September and October traditionally bring renewed energy to the market, with more showings and offers as buyers refocus after summer. I’m already noticing early signs of increased activity from homebuyers, though investor interest has yet to follow the same trend.
Interest Rates Set for a Modest Reduction
A small rate cut is on the horizon, which should provide a slight boost to affordability and may be enough to encourage some hesitant buyers to re-enter the market.

Current Negatives in the Kelowna Real Estate Market

Economic Uncertainty Lingers
Ongoing tariff concerns continue to create a sense of hesitation in the market. Many buyers are adopting a “wait and see” approach, carefully weighing their options before committing. This uncertainty is adding another layer of caution to the decision-making process, slowing momentum even as interest rates and seasonal trends point to more activity ahead.
Affordability Remains a Barrier
Rising costs for essentials such as food and everyday living are leaving many move-up buyers feeling stretched. Even if they’d like more space or a newer home, the added financial pressure is making them more cautious about taking the next step in the market.
Buyers Waiting on Prices
Some prospective buyers are holding off, hoping for further price reductions, which is contributing to a cautious, “wait and see” approach in the market.

📞 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 Water St By The Park and Bridge, August 2025.

Kelowna Real Estate Market September 2025 News, Prices and Trends