Monday Market Report October 20, 2025

A STEADY WEEK OF SALES IN THE PENTICTON HOUSING MARKET: INVENTORY LEVELS CONTINUE TO DECLINE.

16 homes sold between October 20–26 – that’s DOWN 8 sales from last week’s 24, but ON PAR for the same time period last year. Meanwhile, 21 new listings hit the market, giving buyers some new options to explore.

Highlight of the Week: A Single-Family Home on the North side of Penticton, selling for more than $800,000. Overall, buyers secured homes at an average of 98% of the asking price, with just 5 of 16 properties selling at or above list.

Inventory Check: There are currently 441 properties (of all types) available in Penticton today. That’s down from 544 in October 2024. This is 19% drop in inventory versus last year and is becoming a consistent trend in my year-over-year analysis. This definitely feels like the start of a shift in market dynamics.

Listing Activity: Over the past 30 days, 105 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 long. With another Bank of Canada Rate Cut on the horizon, and rising buyer demand, we could soon see a return to multiple offers and brisk sales sooner than we anticipated. Thinking of buying? Now’s the time to act with confidence before the pace picks up!

16 SALES by property type for the homes SOLD this past week (Oct. 20 – Oct. 26). Breakdown is as follows:

8 Single Family Homes
3 Condos
3 Townhomes
1 Lot
1 Mobile Home

21 NEW LISTINGS that hit the market last week (Oct. 20 – Oct. 26). Breakdown is as follows:

11 Single Family Homes
6 Townhomes
3 Condos
1 Mobile Home

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.