Penticton Housing Market Update – November 2025
November brought fewer transactions compared to last year, but the overall story is one of balance rather than decline.
Residential sales for the month reached $33.4 million, which is about 21% lower than November 2024. That decline reflects fewer transactions overall, with 72 new listings (down 20%) and 55 sales (also down 20%). In other words, fewer homes are coming to market, and fewer are being sold – a natural seasonal cooling as we head into winter.
Yet when we zoom out, the year to date picture is much stronger. Total residential sales for 2025 so far sit at $485.6 million, up 6% compared to last year. Sold listings are also ahead by 10%, showing that despite November’s dip, demand has been consistent across the year.
Prices and Property Types:
- Single Family homes: Median price eased slightly to $738,000, down 1% from last year.
- Condos: Saw the biggest adjustment, with median prices at $380,000, down 6%.
- Townhouses: Held steady at $487,000, a modest 1% increase.
- Half Duplexes: Median price slipped to $573,000, down 4%.
This mix tells us that while some property types are softening, others are holding their ground. Buyers looking at condos or half duplexes may find more negotiating room, while townhome sellers can take comfort in stable values.
Market Pace and Inventory:
Homes are taking longer to sell – 84 days on average for single family homes compared to 65 days last year. That’s nearly a month longer, which suggests buyers are being more deliberate in their decisions.
Active inventory is also lower, with 388 listings versus 461 last year (down 16%). Fewer choices for buyers can mean more visibility for sellers, even if the pace is slower.
What This Means for You:
- For sellers: With fewer listings available, your property has a better chance of standing out. The key is patience – buyers are taking their time, but serious interest is still there.
- For buyers: Softer prices in condos and half duplexes could present opportunities. If you’re flexible on property type, this is a good time to explore.
- For everyone: The market is quieter heading into winter, but the year to date numbers show strength. This balance creates a more thoughtful environment, where decisions can be made without the rush we sometimes see in hotter markets.
My Take:
While November’s numbers show a seasonal slowdown, the bigger picture is encouraging. The year‑to‑date strength tells us that the Penticton housing market remains resilient, even as buyers take more time to make decisions. For sellers, this means patience and preparation are rewarded – fewer listings give your property a chance to stand out. For buyers, softer prices in certain segments open the door to opportunities that weren’t there a year ago.
My advice is simple: don’t let the month‑to‑month shifts distract from the steady demand we’ve seen all year. Whether you’re considering listing or exploring a purchase, the current environment allows for thoughtful moves without the pressure of a frenzied market. That balance is healthy, and it’s exactly the kind of market where good planning pays off in the end.
Remember, if you have any questions, I’m always here to help you MAKE SENSE OF IT ALL!
