Okanagan Mainline Real Estate Board - September Stats
The Okanagan Mainline Real Estate Board (OMREB) reported sales activity of all MLS® property types in September 2015 remained strong despite cooling off slightly on the heels of a hot summer market.
“Most sectors in the Okanagan-Shuswap saw a very active summer,” says Christopher Miller, OMREB President and active REALTOR® in the Central Okanagan.
“While housing demand in our Board area has slowed down over the last week or two, sales activity remains relatively strong and seems to be extending into fall.”
With BC being the economic growth leader among provinces and mortgage rates remaining at historical lows, high consumer confidence continues to bolster the demand for homes in the Okanagan-Shuswap and has kept pace with other markets in the province.
“The inventory of homes for sale remains at low levels with essentially no significant upward momentum over the past few months,” Miller notes.
Within OMREB’s three diverse markets – Central Okanagan, North Okanagan, and Shuswap-Revelstoke areas – sales activity and prices, and supply and demand tends to vary among property types at different times and locations, with ups and downs experienced zone-by-zone and month-by-month.
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