Monday Market Report November 3, 2025

ANOTHER QUIET WEEK IN PENTICTON’S HOUSING MARKET; INVENTORY LEVELS CONTINUE TO DECLINE.

13 homes sold between November 3rd & 9th – that’s on par from last week’s sales, but down 3 sales for the same time period last year. Meanwhile, 23 new listings hit the market, giving buyers more options to explore.

Highlight of the Week: A Single-Family Home on the West Bench of Penticton selling for $900,000. Overall, buyers secured homes at an average of 97% of the asking price, with just 2 of 13 properties selling at or above the listing price.

Inventory Check: There are currently 419 properties (of all types) available in Penticton today. That’s down from 462 in November 2024. This is a 9% drop in inventory versus last year and has become a consistent trend in my year-over-year analysis. This is definitely a shift in market dynamics.

Listing Activity: Over the past 30 days, 92 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 not for too 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. 3 – Nov. 9). Breakdown is as follows:

6 Townhomes
4 Single Family Homes
2 Condos
1 Mobile Home

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

8 Single Family Homes
7 Condos
3 Mobile Homes
2 Townhomes
2 Lots
1 Half Duplexes

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.