OMREB reports real estate numbers in May were up over April’s numbers, but down from 2019’s. (File)

Okanagan home sales increase over last month, still below 2019 numbers: OMREB

Sales, listings see increase over May’s numbers but dwindle in comparison to 2019

While real estate numbers may be rising month over month from Revelstoke to Peachland, they still show a stark contrast to 2019 data.

Residential sales in the area increased to 446 units sold in May compared from April’s 299 units, yet remained down 42 per cent from this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).

New residential listings also saw an uptick, totalling 1,198, an increase of 49 per cent compared to last month’s new listings. Overall active listings increased 9 per cent over April’s inventory of 3,467, yet remained 16 per cent lower than April 2019’s inventory of 4,490.

The average number of days for a home to sell also increased in May, from 83 days to 91 days.

“While we are still in the midst of a global pandemic it is encouraging to see that residential sales are moving at an upward trajectory,” said OMREB President Kim Heizmann. “We are starting to see a return to real estate activity which looks promising for the future, however, we remain cautious about predicting future outcomes as many economic factors will have impacts.

“Virtual tours and alternative technological solutions have ensured that real estate transactions can continue to transpire responsibly.”

The percentages in the table below signify the change from last year’s numbers:

READ MORE: About 30% of B.C. students return to schools as in-class teaching restarts amid pandemic

READ MORE: Small business grants available through Okanagan initiative

To report a typo, email:
newstips@kelownacapnews.com
.


@michaelrdrguez
michael.rodriguez@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

New Mount Revelstoke National Park campground opening July 15

It’s the first campground built in a mountain national park in over half a century

Milestone RCMP Cops For Kids fundraiser ride going virtual

You can join and help RCMP raise funds for families and possibly win 20th anniversary cycling shirt

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

Haze over Okanagan and Shuswap skies may have drifted from Siberia

Few active wildifres so far this summer in B.C.

Kelowna cyclist breaks national ‘everesting’ record

Jacob Rubuliak, 17, rode up and down Knox Mountain 38-and-a-half times, the equivalent elevation of Mount Everest

Okanagan man arrested after reports of assaults on Kal Lake pier

Vernon-North Okanagan RCMP officers successful after takedown on railway trestle

Man charged in Rideau Hall crash had rifle, shotguns, high-capacity magazine: RCMP

Hurren is accused of threatening to cause death or bodily harm to the prime minister

Kamloops RCMP looking into officer’s ‘black face’ social media posts

“Is my skin racist?” comments Const. Rupert Meinke on Instagram post of skin treatment

B.C. extends income assistance exemption for COVID-19

Provincial program to match Ottawa’s CERB, student pay

Shuswap business duo broaden downtown beach vibe

Jody Boychuk and Eddy Johnston enjoying bigger, brighter Sicamous location

Most Read