Welcome to my “Quick Market Report” for September 2025. Here’s the latest update on the housing market in Penticton:
- Home Sales: 71 homes were sold in September 2025, compared to 54 in September 2024.
- Total Sales Volume: $40 million worth of residential property was sold in September 2025, up 18% from the $34 million sold last year.
- Single Family Homes: The median price is now $740,000, down 1% from $750,000 in September 2024.
- Townhomes: The median price is $484,000, down 1% versus last year at $485,000.
- Half-Duplexes: The median price is $575,000, down from $599,950 in September 2024.
- Condos: The median price in September was $385,000. This is down 9% from $424,000 in September 2024.
- Inventory Levels: There are currently 507 active listings in Penticton, down 14% from 588 in September 2024.
- New Listings: 154 new listings hit the market in September 2025, compared to 151 in September 2024.
Penticton’s real estate market appears to have reached its low point, with some property categories now priced at their lowest levels in more than two years. Inventory continues to tighten – currently 14% below last year and marking the second consecutive month of year‑over‑year declines. While buyers still hold leverage with just over seven months of inventory available, conditions are beginning to shift. Interest rates remain favorable, and prices have yet to rebound, but this window of opportunity is narrowing. As more buyers re‑enter the market, listings will be absorbed quickly, setting the stage for a potential turnaround. Now is a strategic time for buyers to act before momentum swings back toward sellers.
Remember, if you have any questions, I’m always here to help you MAKE SENSE OF IT ALL!
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.
