Pent-up Demand Continues to Drive Local Residential Real Estate Market

KELOWNA, B.C. – September 2nd, 2020. Residential sales for August decreased slightly to 1,034 compared to July’s 1,094 total units sold across the region of Revelstoke to Peachland yet remained up compared to this time last year by 43%, reports the Okanagan Mainline Real Estate Board (OMREB).

New residential listings decreased 17% from last month’s 1,494 yet narrowly missed August 2019’s 1,246, totaling 1,237 new listings. The overall number of active listings dropped down 6% to 3,658 over July’s inventory of 3,890 and came in 18% lower compared  to the same month last year.

Click on link for full article...https://www.omreb.com/board-news/details/37/Pent-up-Demand-Continues-to-Drive-Local-Residential-Real-Estate-Market/