Monday Market Report October 5, 2026

Steady Inventory, Active Week in Sales: October Favours Well-Priced Homes in the Penticton Real Estate Market.

The Week in Numbers: 18 homes sold in Penticton this week, up 7 from last week, but down 3 sales versus this time last year. Meanwhile, 31 new listings hit the market, keeping inventory steady with no big swings in either direction, so buyers still have plenty of selection. For sellers, the formula hasn’t changed: price it right, show it well, and it moves. The fundamentals for well-priced homes haven’t changed.

Highlight of the Week: A Single-family home in the Columbia Duncan neighbourhood of Penticton sold for more than $1.4 Million Dollars. Across all 18 transactions, buyers paid an average of 96% of asking, with 3 of the 18 properties selling at or above the list price.

Inventory Watch: Penticton currently has 437 active listings across all categories, down from 453 a year ago. A 3% dip looks small, and that’s exactly the point. For much of this year, we ran 15 to 20% below last year’s inventory, a gap of at least 100 homes. Month by month that gap has narrowed, and today it sits at just a difference of 16 homes. Buyers don’t yet have the choice they had a year ago, but inventory is rising, and that changes the game for sellers. With more competition arriving every month, getting the list price right from day one matters more now than it has all year. Worth keeping a close eye on as we head into winter.

New to Market: 121 new properties have come onto Penticton’s housing market over the past 30 days, a healthy (but smaller) wave of fresh inventory spanning a real range of price points and property types. For Buyers: The conditions favouring you are still in place. Inventory has held steady since June, so the selection you had three to six months ago is essentially the selection you have today. That kind of stretch is easy to take for granted, but it’s worth pausing on, because it won’t hold indefinitely. The market is showing early signs of recovery from a slower stretch tied to the Summerland wildfires in August, and while that recovery has lagged the historical seasonal trend so far, a bounce into October and through November wouldn’t be a surprise. Once buyer demand catches up to listing activity, steady inventory tends to tip quickly, not gradually. Right now, you’re not just getting a fair price. You’re getting time to think, room to compare, and negotiating leverage instead of competing offers. All three are still on the table. The real question is how much runway is left, and that’s worth watching closely.

18 SALES by property type for the homes SOLD this past week (October 5 – October 11). Breakdown is as follows:

12 Single Family Homes
2 Townhomes
2 Condos
1 Half Duplex
1 Mobile Home

31 NEW LISTINGS that hit the market last week (October 5 – October 11). Breakdown is as follows:

17 Single Family Homes
10 Condos
2 Townhomes
1 Half Duplex
1 Mobile Home

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.