Monday Market Report February 23, 2026

PENTICTON WRAPS UP FEBRUARY WITH SLOW SALES AND STRONG BUYER OPPORTUNITY!

Penticton’s real estate market saw quieter activity this past week, with 9 homes changing hands (down from 21 sales last week) and slightly below the 12 sales recorded this time last year. At the same time, 41 fresh listings came to market, creating one of the better buyer environments we’ve seen in a while. For buyers, this is the kind of window worth paying attention to. More inventory, less competition, and the time to be selective without the pressure that defined the market just a few years ago. If you’ve been waiting for the right moment to make your move, conditions right now are working in your favour. For sellers, motivated buyers are still active, and well-priced properties continue to move. Positioning your home correctly in this market matters more than ever and that’s where having the right strategy makes all the difference.

Highlight of the Week: A Condo on the South side of Penticton sold for more than $900,000. Overall, buyers secured homes at an average of 98% of the asking price, with not one of the 9 properties selling at or above the listing price.

Inventory Check: There are currently 353 properties (of all types) available in Penticton today. That’s down from 425 Properties in January 2025. This is a 17% decline in “Active” inventory versus last year and has become a consistent trend in my year-over-year analysis.

Listing Activity: Over the past month, 146 new properties have entered the Penticton market, offering buyers an enhanced variety of homes to choose from.

Pro Tip for Buyers: Right now, the market is working for you – and smart buyers are taking notice. You have something that’s rare in real estate: time, choice, and negotiating power. That combination means you can be selective, think clearly, and move on your terms rather than someone else’s timeline. Yes, we’re seeing renewed buyer activity picking up, which tells us the window of opportunity won’t stay open forever. The buyers who move with intention right now are the ones who’ll look back and know they made their best move at exactly the right moment.

9 SALES by property type for the homes SOLD this past week (Feb. 23 – Mar. 1). Breakdown is as follows:

4 Condos
3 Single Family Homes
1 Half-Duplex
1 Mobile Home

41 NEW LISTINGS that hit the market last week (Feb. 23 – Mar. 1). Breakdown is as follows:

19 Single Family Homes
6 Condos
5 Townhomes
5 Half Duplexes
3 Mobile Homes
3 Lots

No matter where you are in your real estate journey – buying your first home, investing, or making a move to better suit your lifestyle, there are solid opportunities in Penticton’s market right now. If you’d like expert insight or personalized advice, reach out to Shannon Simpson REALTOR® today.

CONNECT WITH SHANNON SIMPSON

https://www.simpsonsellspenticton.ca/contact-shannon

NOTE: this representation is based in whole or in part on data generated by the Association of Interior REALTORS®, which assume no responsibility for its accuracy.