With the latest data now available, here’s a fresh look at how the Kelowna real estate market performed in November. Whether you're actively planning your next move or simply staying informed, these insights offer a clear picture of what’s happening locally—and what it might mean for you. We’ll explore the latest numbers, market trends, and what buyers and sellers should be thinking about as we settle into a new month.
📊 Key Market Stats
New Listings: 660 — Lower than last month, typical for this time of year, which could be an advantage to you! Less listings means more eyes on yours
Sales: 303 (down from last month)
Average Price (Residential): $1,078,116 (+5.13% MoM | +1.27% YoY)
Average Price (Townhomes): $705,022 (+8.54% MoM | +5.41% YoY)
Average Price (Condos): $479,429 (+1.12% MoM | -4.67% YoY)
Average Days to Sell: 78 — This number can be skewed by cancelled listings that are relisted. It is not always accurate
Inventory: 3611 - Important to track supply and demand shifts. (11.92 months of inventory between all property types)
🏡 What This Means for Buyers
November continued the shift toward a more balanced environment. Activity eased seasonally, but that slowdown actually worked in buyers’ favor. With less happening and more realistic pricing across many segments, buyers had room to evaluate options and negotiate terms. Those who stayed active in November often found better value than they expected — especially compared to spring’s fast-paced market.
📦 What This Means for Sellers
While foot traffic wasn’t as high as earlier in the fall, motivated buyers were still out there — just more intentional. Homes that were priced in step with November’s market and presented well continued to move. Overpriced or underprepared listings, however, sat noticeably longer. The month underscored an important trend: strategy and presentation are outperforming timing alone.
💬 My Take
November didn’t signal a downturn — it reinforced a reset. The market is finding its equilibrium. Sellers who adapted quickly and buyers who stayed engaged both saw wins. As we head into winter, this return to balance remains the defining theme.
