Monday Market Report November 10, 2025

STEADY AS WE GO THROUGH NOVEMBER IN PENTICTON’S HOUSING MARKET; INVENTORY LEVELS CONTINUE TO DECLINE.

13 homes sold between November 10th & 16th – that’s on par from last week’s sales, but down 2 sales for the same time period last year. Meanwhile, 19 new listings hit the market, giving buyers more options to explore.

Highlight of the Week: A Single-Family Home on the South side of Penticton sold for over $1.4 Million Dollars. Overall, buyers secured homes at an average of 96% of the asking price, with none of the 13 properties selling at or above the listing price.

Inventory Check: There are currently 408 properties (of all types) available in Penticton today. That’s down from 462 in November 2024. This is a 12% drop in inventory versus last year and has become a consistent trend in my year-over-year analysis. This is definitely the first sign of a shift in the market dynamics.

Listing Activity: Over the past 30 days, 93 new properties have entered the market, offering some fresh options for active buyers.

Pro Tip for Buyers: The window of opportunity is still open – but for how long? With another Bank of Canada Rate cut a few weeks back, and rising buyer demand, we could soon see a return to multiple offers and brisk sales quicker than I had originally anticipated. Thinking of buying? Now’s the time to act with confidence before the pace picks up!

13 SALES by property type for the homes SOLD this past week (Nov. 10 – Nov. 16). Breakdown is as follows:

6 Single Family Homes
4 Townhomes
3 Condos

19 NEW LISTINGS that hit the market last week (Nov. 3 – Nov. 9). Breakdown is as follows:

9 Single Family Homes
8 Condos
1 Lot
1 Half Duplex

Whether you’re a first-time buyer, investor, or looking to downsize or upsize, the current real estate market in Penticton offers solid opportunities—especially if you’re ready to move quickly. If you have questions or want expert guidance, reach out to Shannon Simpson PREC* a trusted Penticton real estate professional 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.