Monday Market Report October 6, 2025

IT WAS AN ACTIVE WEEK IN THE PENTICTON HOUSING MARKET: SALES CLIMB & INVENTORY LEVELS CONTINUE TO DECLINE.

21 homes sold between October 6–12 – that’s up 5 sales from last week’s 16, and 4 more than the same time last year. Meanwhile, 33 new listings hit the market, giving buyers some new options to explore.

Highlight of the Week: A gorgeous condo on the North side of Penticton turned heads, selling for over $1.6 million! Overall, buyers secured homes at an average of 98% of the asking price, with just 3 of 21 properties selling at or above list.

Inventory Check: There are currently 469 properties (of all types) available – down from 544 in October 2024. This trend of lower inventory is becoming consistent year-over-year. This feels like the start of a shift in market dynamics.

Listing Activity: Over the past 30 days, 133 new properties have entered the market, offering fresh opportunities for active buyers.

Pro Tip for Buyers: The window of opportunity is still open – but maybe not for long. With the Bank of Canada’s 25-basis-point rate cut, more listings, and rising buyer demand, we could soon see a return to multiple offers and quicker sales. Thinking of buying? Now’s the time to act with confidence before the pace picks up again.

21 SALES by property type for the homes SOLD this past week (Oct. 6 – Oct. 12). Breakdown is as follows:

9 Single Family Homes
6 Condos
3 Mobile Homes
2 Townhomes
1 Half Duplex

33 NEW LISTINGS that hit the market last week (Oct. 6 – Oct. 12). Breakdown is as follows:

19 Single Family Homes
5 Townhomes
4 Condos
2 Half Duplexes
1 Mobile Home
1 Lot
1 Fourplex

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.