Welcome to my Quick Market Report for July 2025. Here’s the latest update on the housing market in Penticton:
- Home Sales: 84 homes were sold in July 2025, compared to 87 in July 2024.
- Total Sales Volume: $46 million worth of residential property was sold in July 2025, down 30% from $66 million sold last year.
- Single Family Homes: The median price is now $770,000, a 1% increase from $765,000 in July 2024.
- Townhomes: The median price is $508,500 up 5% versus last year at $483,000.
- Half-Duplexes: The median price is $571,000, down from $623,000 in July 2024.
- Condos: The median price in July was $385,000. This is down from $420,000 in July 2024.
- Inventory Levels: There are currently 596 active listings in Penticton, up 3% from 580 in July 2024.
- New Listings: 174 new listings hit the market in July 2025, compared to 171 in July 2024.
Penticton’s real estate market has clearly bottomed out, with prices at their lowest levels in 2+ years and available listings at levels not seen since the early 2000’s – making it a genuine buyer’s playground. Right now, there’s over seven months of inventory on the market (Inventory is assessed by comparing the average monthly home sales to current active listings), so you’ve got real bargaining power on price and terms. Interest rates are still reasonable, and price trends haven’t picked up yet, but this window won’t stay open: as soon as more buyers jump in, listings will vanish, and the market will start shifting back. If you move now, you’ll lock in the best deals before sellers regain the upper hand!
Remember, if you have any questions, I’m always here to help you MAKE SENSE OF IT ALL!
