October was a quieter month for Kelowna real estate, and I want to walk you through what the board's numbers actually say, because a slower month like this one has a silver lining for anyone getting ready to make a move.
The headline numbers
In October, 290 homes changed hands across the Central Okanagan, down 17.1 percent from the same month last year. Fewer new listings came on as well, 691 for the month, and the total number of homes available sat at 2,734, down 9.5 percent from last October. So it was not just buyers taking their time. Homeowners thinking about a move were in no rush either, and that balance is part of why prices held up as well as they did.
Single-family homes
The benchmark price for a single-family home in the Central Okanagan was $1,003,100 in October, down 2.2 percent from a year ago and down from $1,057,200 in September. 129 single-family homes found buyers, and they took an average of 59 days on market, a little quicker than September's 67.
Townhouses
Townhouses were the steady ones this month. The benchmark price rose 3.2 percent year over year to $727,400, up from $696,600 in September, with 43 townhomes finding buyers and an average of 62 days on market. If you own a townhome here, October was kind to you.
Condos and apartments
The benchmark price for a condo or apartment was $465,100, down 3.8 percent from last October, with 75 homes finding buyers and an average of 76 days on market. For first-time buyers and anyone hoping to get into the market at a gentler price point, this is the corner of the market I am watching most closely right now.
My honest take
Most Kelowna buyers don't have a budget problem. They have a preparation problem. A month like October rewards the prepared. With fewer homes competing for attention and a little more time on market, there is room to breathe, room to do your homework, and room to make a decision you feel good about. That is true whether you are buying your first condo, moving up to a townhouse, or watching the single-family numbers for the right moment.
Let's talk it through
Curious what these numbers mean for your home, or for a move you are planning this winter? I am happy to walk through your specific neighbourhood and your specific situation, no pressure attached.
Book a time with me here: https://calendly.com/tarynn-tarynnlivparkerhomes/30min
And if you are thinking about a move to the Okanagan from somewhere else, my free Okanagan Relocation Guide is a good first read: https://www.tarynnlivparkerhomes.com/okanagan-relocation-guide
Warmly,
Tarynn
Tarynn
Tarynn Liv Parker, REALTOR®, Sutton Centre Realty, Kelowna. Helping people find their life in the Okanagan since 2006.
Source: Association of Interior REALTORS®, October 2026 market statistics, Central Okanagan.
