Monday Market Report May 4, 2026

Penticton’s Real Estate Market Is Gaining Momentum – And the Numbers Back It Up!

Twenty-six sales closed in Penticton last week – a sharp move up from 17 the week before, and eight ahead of where we were at this point last year. Twenty-nine new listings also came to market, adding some fresh variety to a pool that, despite the recent activity, is actually shrinking. Overall inventory is down 19% from a year ago and has been trending that way for several weeks now. 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 Columbia/Duncan neighbourhood closed at $1.3 million. A clean reminder that premium product in the right location still draws serious money. Across all 26 transactions last week, buyers averaged 97% of asking price, with three properties clearing list entirely.

Inventory Watch: There are currently 458 active listings across all categories in Penticton, down from 566 at this time last year, a 19% 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: 142 properties have come to market across Penticton in the past 30 days – a solid wave of fresh inventory adding genuine variety across price points and property types. For Buyers: The conditions right now are unusually balanced – inventory to explore, time to decide, and room to negotiate. That combination doesn’t last forever, and spring market is already gaining traction. Buyers who come in clear-eyed and prepared tend to be the ones who look back on this window without regret.

26 SALES by property type for the homes SOLD this past week (May 4 – May 10). Breakdown is as follows:

13 Single Family Homes
8 Condos
4 Townhomes
1 Mobile Home

29 NEW LISTINGS that hit the market last week (May 4 – May 10). Breakdown is as follows:

12 Single Family Homes
5 Lots
4 Condos
3 Half Duplexes
2 Townhomes
2 Mobile Homes
1 Triplex

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.