Monday Market Report September 21, 2026

Another slow week in the Penticton Real Estate Market: 12 Sales & 29 New Listings Hit the Market. Steady Inventory Rewards Well-Priced Homes!

The Week in Numbers: 12 homes sold in Penticton this week, down 2 from last week, and on par with this time last year. Meanwhile, 29 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 Wiltse neighbourhood of Penticton sold for $1.1 Million Dollars. Across all 12 transactions, buyers paid an average of 97% of asking, with none of the 12 properties selling at or above the list price.

Inventory Watch: Penticton currently holds 446 active listings across all categories, down from 507 a year ago. That’s a 12% year-over-year decline in inventory, and it isn’t a one-week wobble; it’s a pattern that’s been quietly building for the past two quarters. Worth keeping a close eye on as momentum keeps gathering.

New to Market: 128 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 through September 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.

12 SALES by property type for the homes SOLD this past week (September 21 – September 27). Breakdown is as follows:

6 Single Family Homes
3 Condos
1 Townhome
1 Half Duplex
1 Mobile Home

29 NEW LISTINGS that hit the market last week (September 21 – September 27). Breakdown is as follows:

14 Single Family Homes
6 Townhomes
5 Condos
3 Half Duplexes
1 Lot

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.