Penticton Housing Market Update – July 2026
July is usually one of the busier months of the summer season in Penticton, but this year the pace slowed compared to last July. Sales activity, new listings, and overall volume all came in lower than a year ago, while prices held mixed across property types. Here is where things stand.
Sales and Listings:
77 homes sold in Penticton in July, down 11% from 87 last year. Total sales volume for the month reached $44,571,700, down 7% from $47,776,627 in July 2025. New listings also slowed, with 107 properties coming to market, down 39% from 174 last year.Year to date, the market has been steadier. 494 homes have sold so far in 2026, essentially even with 495 at this point last year, and total sales volume of $303,329,292 is down just 2% from $309,993,677. New listings year to date sit at 1,011, down 15% from 1,186 last year.
Prices and Property Types:
- Single Family Homes: Median price of $705,000, down 8% from $770,000 last year.
- Condos: Median price of $403,000, up 6% from $379,000 last year.
- Townhouses: Median price of $520,000, up 2% from $509,000 last year.
- Half Duplexes: Median price of $580,000, up 2% from $571,000 last year.
The picture is mixed depending on the property type. Single family home prices have softened the most, while condos, townhouses, and half-duplexes have held or gained modestly.
Market Pace and Inventory:
Single family homes are taking 60 days on average to sell, up 11% from 54 days last year. Total active listings stand at 499, down 16% from 594 a year ago. Fewer homes are on the market, but they are also taking a bit longer to sell, a combination that reflects a market in transition rather than a clear direction one way or the other.
What This Means for You:
- For sellers: Lower inventory means less competition, but the longer days on market and softer single family prices mean pricing realistically from the outset still matters. Well presented, properly priced homes remain the ones that move.
- For buyers: Fewer new listings limit selection, but the slower pace on single family homes gives more room to make a considered decision rather than feeling rushed. Condos, townhouses, and half-duplexes are holding value, so there is less room to negotiate there than on single family homes.
- For everyone: July’s numbers point to a market that has cooled from last summer, but not dramatically. Year to date figures are close to flat, which suggests the overall market remains functional even as any given month can look quieter.
My Take:
July was a quieter month, and the numbers reflect that plainly. Sales, sales volume, and new listings were all down compared to last year, and single family home prices softened the most of any category. At the same time, I would caution against reading too much into any single month. The year to date figures, sold listings essentially flat and sales volume down only 2%, tell a more even story than July on its own.
What I am watching most closely is the gap between fewer new listings and slower days on market. Normally those two move in opposite directions, so this combination suggests buyers are being more selective right now rather than the market losing genuine demand. I expect that as we move through August, we will get a clearer read on where things are headed. For now, my honest advice is the same as it usually is: price realistically, present well, and do not expect last year’s pace as the baseline.Remember, if you have any questions, I’m always here to help you MAKE SENSE OF IT ALL!
