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Kelowna Real Estate Market • 10 October 2025

Kelowna Real Estate October 2025 Market News Prices and Trends

by Trish Cenci
Kelowna Real Estate October 2025 Report

Kelowna Real Estate Market October 2025 Introduction

The end of September brought a modest boost in activity here in Kelowna, tied to the recent Bank of Canada interest rate announcement.

While some feel we may be at or near the bottom of the market, what I’m really noticing is increasing motivation — particularly from sellers. Many are tired, ready to move on, and looking to get things done before winter sets in.

Buyers are picking up on this too, sensing that there are some good deals to be had — and they’re right!

But we’re not in a market where things move on autopilot. We need to roll up our sleeves, sharpen our pencils, and get back to the art of negotiation. That’s where the real opportunity lies right now.

 

Kelowna Real Estate September 2025 Stats

*NOTE: These numbers were reviewed on October 10, 2025, using the Association of Interior Stats and may be subject to minor changes should further sales be reported for September 2025.

Kelowna Real Estate September 2025 Single Family Home Stats

Kelowna Real Estate September 2025 Condo Stats

Kelowna Real Estate September 2025 Townhome Stats

Single-Family Homes September 2025

Home Sales

  • September 2025: 164 homes sold.
  • Month-over-Month: Identical to 164 in August 2025.
  • Year-over-Year: Up 36.7% from 120 in September 2024.

Median Price

  • September 2025: $931,500
  • Month-over-Month: Down 1.9% from $950,000 in August 2025.
  • Year-over-Year: Down 2.7% from $957,750 in September 2024.

Inventory

  • September 2025: 1,553 listings.
  • Month-over-Month: Down 1.6% from 1,578 in August 2025.
  • Year-over-Year: Down 9.3% from 1713 in September 2024.

Median Days on Market

  • August 2025: 46 days.
  • Month-over-Month: Down 9.8 % from 51 days in August 2025.
  • Year-over-Year: Up 15% from 40 days in September 2024.

Single-Family Home Takeaways August 2025:

  • Sales activity held steady, matching August’s numbers and showing a strong year-over-year rebound.

  • Prices edged down slightly, both month-over-month and compared to last year, indicating some softening in buyer willingness to stretch budgets.

  • Inventory continues to tighten, with fewer homes on the market than both last month and last year — a sign of improved sales., some Sellers are not willing to enter the market while demand remains softer, and the slowdown as we head towards winter.

  • Homes are taking longer to sell than last year, despite a recent improvement in time on market from August, suggesting more selective buyers or cautious market sentiment. This could also be due to more homes just staying on the market rather than being re-listed.

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

Condos September 2025

Condo Sales:

  • September 2025: 102 Condos Sold
  • Month-over-Month:
  • up 1%% from 101 in August 2025.
  • Year-over-Year: Up 24.4% compared to 82 in September 2024.

Median Price:

  • September 2025: $436,250
  • Month-over-Month: Up 3.9% from $420,000 in August 2025.
  • Year-over-Year: Down 4.7% from $458,000 in September 2024.

Inventory:

  • September 2025: 838 Listings
  • Month-over-Month: Down 6.3% from 894 in August 2025.
  • Year-over-Year: Down 20.7% from 694 in September 2024.

Median Days on Market:

  • September 2025: 62 Days
  • Month-over-Month: Up 21.6% from 51 days in August 2025.
  • Year-over-Year: Up 63.2% 38 days in September 2024.

Condos Key Takeaways  – September 2025

  • Condo sales showed a very slight monthly uptick and a strong increase compared to last year, suggesting buyers are gradually returning to the market.

  • Prices improved modestly from August but remain below last year’s levels, showing that affordability continues to influence buyer decisions.

  • Inventory declined as some sellers decided to hold off listing in a softer market, while a modest rise in sales helped absorb some existing supply.

  • Days on market increased, mainly because many properties have been sitting longer rather than being re-listed.

  • The market continues to be influenced by fewer investors, particularly while short-term rentals remain restricted under current provincial guidelines.

  • Rented properties are finding it harder to gain traction, as investors remain less active.

Townhomes September 2025

Townhome Sales:

  • September 2025: 54 Townhomes Sold.
  • Month-over-Month: Up 14.9% from 47 in August 2025.
  • Year-over-Year: Up 38.5% from 39 in September 2024.

Median Price:

  • September 2025: $733,750
  • Month-over-Month: Up 17.9% $650,000 in August 2025.
  • Year-over-Year: Up 10.8% from $662,500 in September 2024.

Inventory:

  • September 2025: 437 Listings.
  • Month-over-Month: Down 3.6% from 422 in August 2025.
  • Year-over-Year: Down 3.1% from 451 in September 2024.

Median Days on Market:

  • September 2025:  48 Days
  • Month-over-Month: Up 11.6% from 43 days in August 2025.
  • Year-over-Year: Down 2% from 49 days in September 2024.

Townhome Takeaways September 2025:

  • Sales activity strengthened, rising noticeably from August and well ahead of last year, showing that demand for townhomes remains solid among both move-up buyers and downsizers.

  • Prices posted a strong monthly gain, reflecting more confident buyers in this segment and steady interest from those seeking more space than a condo offers.

  • Inventory edged slightly lower, as fewer new listings came to market and a stronger pace of sales helped absorb available supply.

  • Days on market increased modestly compared to August, suggesting that while homes are still selling, buyers remain selective and price-sensitive.

  • Townhomes that are currently rented are also not gaining much traction, as investor activity remains weak in the current market.

Kelowna Real Estate October 2025 Market Outlook: What to Watch in the Coming Months

Positives & Opportunities

  1. Evidence of stronger buyer intent persists — the activity we saw in September shows serious buyers are here, meaning we may see at least a few more weeks of momentum.

  2. Motivated sellers who want to close before winter opens up room to negotiate — well-priced, well-prepped properties will stand out.

  3. If the Bank of Canada delivers another modest rate cut (as many economists expect), that could continue to soften borrowing costs, attracting more buyers, and help restore confidence.

  4. Rental markets may provide a potential policy lever: vacancy rates in many B.C. communities have stayed above the thresholds required for municipalities to request exemptions from the province’s principal residence rule for short-term rentals. This gives hope that short-term rental rules could be revisited or relaxed in select areas. BC Gov News+1

Risks & Challenges

  1. Inventory will likely shrink further heading into winter, limiting buyer choice, especially in certain price bands.

  2. Buyer caution lingers: many will wait to see where rates and market direction stabilise before diving in.

  3. Rate cuts aren’t guaranteed. US tariffs, Inflation pressures, and general economic weakness could delay or reverse easing moves.

  4. Investor financing is getting tougher. New rules from OSFI clarify that mortgages relying heavily on income from the property (i.e. “income-producing real estate”) will be flagged as higher risk, making qualification more difficult. Mortgage Rates Canada+2Elevate Realty+2

  5. Already‐rented properties (especially those that were once investor targets) are struggling to find traction — buyer interest is primarily in owner-occupied and with falling rental rates, investors are struggling to create the investment returns they were hoping for.

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 help make your Real Estate dreams become a reality!

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