Monday Market Report May 18, 2026

A QUIET WEEK IN PENTICTON REAL ESTATE: SALES CUT IN HALF FROM THE PREVIOUS WEEK.

Thirteen sales closed in Penticton last week! That’s down 13 sales from the 26 sales the week before, and down 5 sales of where we were at this point last year. 30 new listings also came to market, adding some fresh variety to a pool that, despite the recent activity, is shrinking. For buyers, there’s still selection, but the window is narrowing. For sellers, the direction of travel is working in your favour. Homes that are well-priced and well-presented are moving, and the underlying conditions are becoming more competitive, not less.

Highlight of the Week: A single-family home in Penticton’s Wiltse/Valleyview neighbourhood closed at just over $750,000. Across all 13 transactions last week, buyers averaged 97% of asking price, with 1 property selling at or above list.

Inventory Watch: There are currently 463 active listings across all categories in Penticton, down from 566 at this time last year, an 18% year-over-year decline. This isn’t a blip; it’s a trend that’s been building quietly over the past three to four weeks. Worth watching closely as spring momentum continues to build.

New to Market: 145 properties have come to market across Penticton in the past 30 days. That’s a solid wave of fresh inventory adding genuine variety across price points and property types. For Buyers: You have had an unusually good run, but the conditions that made it that way are starting to change. Available inventory has been tightening for several weeks and the selection that existed even a month ago is not what it is today. The value in this market was never just about price; it was about having the time to decide and the options to choose from. Both are shrinking. The indicators are there for anyone paying attention.

13 SALES by property type for the homes SOLD this past week (May 18 – May 24). Breakdown is as follows:

6 Condos
4 Single Family Homes
2 Townhomes
1 Mobile Home

30 NEW LISTINGS that hit the market last week (May 18 – May 24). Breakdown is as follows:

18 Single Family Homes
9 Condos
2 Lots
1 Townhome

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.