Monday Market Report January 26, 2026

A STEADY WEEK OF HOME SALES AS WE FINISH OFF THE MONTH OF JANUARY!

This past week had 11 homes change hands in Penticton’s real estate market – a nice jump from the previous week’s 7 sales, and 1 more sale (10) versus the same time period last year. With 30 new listings entering the market this week, buyers are finding themselves in an increasingly favorable position. The growing inventory means more selection and less competition, allowing buyers to explore their options thoroughly and make confident decisions without the pressure of multiple offers. For those with specific requirements, this balanced market presents an ideal opportunity to secure the right home at the right price.

Highlight of the Week: A Condo on the North side of Penticton sold for more than $1.7 million dollars. Overall, buyers secured homes at an average of 98% of the asking price, with 2 of the 11 properties selling at or above the listing price.

Inventory Check: There are currently 329 properties (of all types) available in Penticton today. That’s down from 425 Properties in January 2025. This is a 22% decline in inventory versus last year and has become a consistent trend in my year-over-year analysis. This is definitely a key sign of a shift in the market dynamics

Listing Activity: Over the past month, 120 new properties have entered the Penticton market, offering buyers an enhanced variety of homes to choose from.

Pro Tip for Buyers: The current market is creating great opportunities for informed buyers. You’re in the driver’s seat right now, with the time and space to find exactly what you’re looking for, negotiate thoughtfully, and make decisions without pressure. While we’re beginning to see renewed interest and energy in the market (which is a healthy sign overall) today’s conditions still favour buyers who are ready to act. If you’ve been dreaming about making a move, this could be the perfect time to turn those plans into reality and secure a great opportunity while you have the advantage!

11 SALES by property type for the homes SOLD this past week (Jan. 26 – Feb. 1). Breakdown is as follows:

7 Single Family Homes
2 Condos
1 Townhome
1 Mobile Home

30 NEW LISTINGS that hit the market last week (Jan. 26 – Feb. 1). Breakdown is as follows:

12 Single Family Homes
11 Condos
4 Townhomes
1 Half Duplex
1 Mobile Home
1 Lot

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.