Penticton Housing Market Update – December 2025
December closed out the year with a quieter market, reflecting typical seasonal trends. While the month saw fewer transactions compared to last year, the full‑year picture reveals resilience and steady growth across Penticton’s housing market.
Residential sales for the month reached $26.2 million, which is about 11% lower than December 2024. That decline reflects 41 sales (down 24%), while 58 new listings came to market – exactly the same number as last year. The drop in sales is no surprise given the holiday season and typical year‑end slowdown, but the steady stream of new listings suggests sellers remain confident in the market.
The real story emerges when we look at the full year. Total residential sales for 2025 reached $511.8 million, up 5% compared to 2024. Sold listings climbed by 7% year‑to‑date, showing consistent demand despite monthly fluctuations. This demonstrates that buyers remained engaged throughout 2025, even as individual months showed natural seasonal variation.
Prices and Property Types:
- Single‑Family homes: Median price held remarkably steady at $740,000, down just 1% from last year. This stability speaks volumes about sustained demand in this segment.
- Condos: Continued to see the most significant adjustment, with median prices at $370,000, down 6%. This segment offers the most opportunity for value‑conscious buyers.
- Townhouses: Remained stable at $483,000, up 1%. Townhome values continue to show resilience month after month.
- Half Duplexes: Median price eased to $570,000, down 5%. Similar to condos, this segment presents opportunities for buyers looking for value.
This varied pricing landscape creates distinct opportunities depending on property type. While single‑family homes and townhouses show remarkable stability, condos and half‑duplexes present more room for negotiation.
Market Pace and Inventory:
Single‑family homes are taking 73 days on average to sell, compared to 67 days last year, a modest increase of 9%. This suggests buyers are taking their time, but not dramatically so. The market remains functional, just less urgent than it might have been in previous cycles.
Active inventory stands at 325 listings, down 15% from 382 listings last year. This tightening supply means well presented homes continue to attract attention, even in a slower seasonal period.
What This Means for You:
- For sellers: Lower inventory levels mean less competition. While homes take slightly longer to sell than a year ago, the year‑to‑date numbers prove that serious buyers are active. Quality presentation and realistic pricing remain the keys to success.
- For buyers: The softer prices in condos and half‑duplexes create genuine opportunities for those open to these property types. Single‑family homes remain stable, but the slower pace means you can approach decisions thoughtfully rather than rushing.
- For everyone: December’s seasonal quietness doesn’t diminish the strength we’ve seen throughout 2025. The market has found a healthy equilibrium – active enough to facilitate transactions but measured enough to allow for informed decision making.
My Take:
December’s numbers reflect what we’d expect as the year winds down – fewer transactions, but steady fundamentals. What matters most is the full‑year performance: a 5% increase in total sales value and 7% more homes sold tells us the Penticton market remained healthy and active throughout 2025.
Looking at the pricing trends, we see a market that’s stratified by property type. Single‑family homes and townhouses have maintained their value remarkably well, while condos and half‑duplexes have adjusted downward. This isn’t a sign of weakness – it’s a market finding its natural level after years of broad increases. For buyers, this creates choice: pay a premium for the stability of certain segments, or capture value in others.
As we head into 2026, my advice remains consistent: focus on your own circumstances rather than trying to time the market. Sellers should present their homes well and price them realistically, recognizing that buyers have options and are taking their time. Buyers should act when they find the right property at the right price, knowing that good opportunities exist across different segments.
The Penticton housing market closed 2025 on solid footing. That’s the foundation we need for a strong start to the new year.
