Monday Market Report November 17, 2025

A SLOWER WEEK OF HOME SALES IN THE PENTICTON HOUSING MARKET; INVENTORY LEVELS CONTINUE TO DECLINE.

10 homes sold this past week. That’s down three doors from last week’s sales, and down 2 sales for the same time period last year. Meanwhile, 15 new listings hit the market, giving buyers more options to explore.

Highlight of the Week: A Single-Family Home on the West Bench area of Penticton sold for over $1.6 Million Dollars. Overall, buyers secured homes at an average of 98% of the asking price, with 3 of the 10 properties selling at or above the listing price.

Inventory Check: There are currently 400 properties (of all types) available in Penticton today. That’s down from 462 in November 2024. This is a 13% decline 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, 84 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!

10 SALES by property type for the homes SOLD this past week (Nov. 17 – Nov. 23). Breakdown is as follows:

5 Condos
4 Single Family Homes
1 Mobile Home

15 NEW LISTINGS that hit the market last week (Nov. 17 – Nov. 23). Breakdown is as follows:

6 Single Family Homes
4 Condos
2 Mobile Homes
1 Lot
1 Half Duplex
1 Full 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.