Okanagan Real Estate Market Update: September 2026

Here’s a look at how the Okanagan real estate market finished September 2026.Fewer homes sold than last September, but fewer came onto the market too. Buyers still had plenty of choice, while prices varied by area and property type.Here’s what stood out.

The overall picture

In the Central Okanagan, 320 homes sold in September, down 12.8% from last year. New listings dropped 20% to 778, and active listings were down 9.7% to 2,927.The North and South Okanagan followed the same pattern. In the North Okanagan, 129 homes sold, down 16.8% from last year. In the South Okanagan, 133 homes sold, down 8.3%.At September’s sales pace, the Central Okanagan had roughly nine months of supply. Houses had about eight months, while townhouses and condos were both a little over nine.My take? These conditions favour buyers. There’s room to compare properties and negotiate, although how much depends on the home and how it’s priced.

Houses: prices varied by region

The single-family benchmark price was:

• Central Okanagan: $1,057,200, up 3.4% from last year
• North Okanagan: $793,000, up 5.6%
• South Okanagan: $718,400, down 6.2%

In the Central Okanagan, houses took an average of 67 days to sell, about six days longer than last year. There were also 16.1% fewer houses on the market.So buyers had fewer houses to choose from than last September, but homes were still taking longer to sell.

Townhouses: lower prices, longer selling times

Townhouse benchmark prices were down across the Okanagan and Shuswap/Revelstoke, and average selling times increased in all four regions.In the Central Okanagan, the benchmark was $696,600, down 5.5%. Townhouses took an average of 82 days to sell, up 35.9%. Inventory was also up 4.2%.If you’re looking at townhouses, it’s worth comparing recent sales and how long each listing has been sitting. There may be room to negotiate, depending on how it’s priced.For sellers, pricing it right from the start matters.

Condos: higher benchmarks, fewer sales

Condo benchmark prices were up in all four regions.In the Central Okanagan, the benchmark was $496,700, up 2%. There were 83 sales, down 18.6%, and condos took an average of 85 days to sell.A benchmark estimates the value of a typical home. It doesn’t mean every condo went up in value.

Closer to home

All six West Kelowna neighbourhoods with reported single-family benchmarks were up from last year:

• Westbank Centre: $733,700 (+4.3%)
• Glenrosa: $821,100 (+6.9%)
• Smith Creek: $961,700 (+6.9%)
• West Kelowna Estates: $1,005,700 (+5.7%)
• Shannon Lake: $1,009,800 (+6.4%)
• Lakeview Heights: $1,166,000 (+5.2%)

Kelowna was more mixed. Rutland North rose 3.4% to $840,900, Glenmore rose 2.4% to $967,800, and Lower Mission rose 4.3% to $1,268,600. Springfield/Spall dropped 5% to $686,600.These numbers give us a useful starting point. For a specific home, I’d look at recent comparable sales, its condition and what else buyers can choose from.

What this means for you

Buying: There’s time to compare your options. Having your financing sorted helps you act when a home that fits comes up.Selling: Homes are selling, but the price needs to make sense beside the competition. Presentation matters too.Moving here: Conditions vary quite a bit by neighbourhood and property type. It’s worth narrowing down the areas that fit what you’re looking for before relying on the overall numbers.Want me to take a look at what’s happening in your neighbourhood? Call or text me at 778.215.8414, or email erin.mcleod@zolo.ca.Source: Association of Interior REALTORS®, September 2026 Summary Statistics. Percentage changes compare with September 2025. Single-family figures exclude lakefront and acreage homes. Months of supply is calculated by dividing active inventory by September sales; it’s a snapshot of that month’s pace.