Monday Market Report July 20, 2026

Penticton’s Housing Market experiences a small DIP in momentum: 11 Sales, 15 New Listings, but still, plenty of opportunities for Buyers!

The Week in Numbers: 11 homes sold in Penticton this week, down 5 from last week, and down 9 sales from this time last year, while 15 new listings landed, keeping inventory steady with no big swings either way, so buyers still have plenty to choose from. Sellers, this is your moment: price it right, show it well, and it moves – the market’s sharpening up, not slowing down.

Highlight of the Week: A single-family home in the Uplands/Redlands neighbourhood of Penticton sold for $1.2 million. Across all 11 transactions, buyers paid an average of 95% of asking, and none of the properties sold at or above the list price.

Inventory Watch: Penticton currently holds 478 active listings across all categories, down from 596 a year ago. That’s a 20% year-over-year decline, and it isn’t a one-week wobble; it’s a pattern that’s been quietly building for the past three months. Worth keeping a close eye on as momentum keeps gathering.

New to Market: 114 new properties have come up across Penticton in the past 30 days, a healthy (but smaller) wave of fresh inventory spanning a real range of price points and property types. For Buyers: You’ve had an unusually good run, and the good news is those conditions haven’t disappeared overnight. Inventory has held steady over the past few weeks and the selection you had a month ago is still roughly what you have today. But steady isn’t the same as guaranteed, and with sales picking up pace, that balance can shift quickly. The value here was never only about price; it was about having time to decide and options to choose from. Both are still there right now, but the window to take advantage of them won’t stay open forever. The signs are there for anyone paying attention.

11 SALES by property type for the homes SOLD this past week (July 20 – July 26). Breakdown is as follows:

5 Single Family Homes
3 Condos
2 Townhomes
1 Mobile Home

15 NEW LISTINGS that hit the market last week (July 20 – July 26). Breakdown is as follows:

7 Single Family Homes
2 Townhomes
2 Lots
1 Half Duplex
1 Condo
1 Full Duplex
1 Mobile Home

No mater 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.