OMREB reports real estate numbers in May were up over April’s numbers, but down from 2019’s. (File)

Okanagan home sales increase over last month, still below 2019 numbers: OMREB

Sales, listings see increase over May’s numbers but dwindle in comparison to 2019

While real estate numbers may be rising month over month from Revelstoke to Peachland, they still show a stark contrast to 2019 data.

Residential sales in the area increased to 446 units sold in May compared from April’s 299 units, yet remained down 42 per cent from this time last year, reports the Okanagan Mainline Real Estate Board (OMREB).

New residential listings also saw an uptick, totalling 1,198, an increase of 49 per cent compared to last month’s new listings. Overall active listings increased 9 per cent over April’s inventory of 3,467, yet remained 16 per cent lower than April 2019’s inventory of 4,490.

The average number of days for a home to sell also increased in May, from 83 days to 91 days.

“While we are still in the midst of a global pandemic it is encouraging to see that residential sales are moving at an upward trajectory,” said OMREB President Kim Heizmann. “We are starting to see a return to real estate activity which looks promising for the future, however, we remain cautious about predicting future outcomes as many economic factors will have impacts.

“Virtual tours and alternative technological solutions have ensured that real estate transactions can continue to transpire responsibly.”

The percentages in the table below signify the change from last year’s numbers:

READ MORE: About 30% of B.C. students return to schools as in-class teaching restarts amid pandemic

READ MORE: Small business grants available through Okanagan initiative

To report a typo, email:
newstips@kelownacapnews.com
.


@michaelrdrguez
michael.rodriguez@kelownacapnews.com

Like us on Facebook and follow us on Twitter.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Shuswap Lake algae bloom being monitored, not considered harmful

Dangerous toxins not found in June 30 water quality test

UPDATE: Highway 1 open to single-lane traffic west of Revelstoke due to flooding

The Needles Ferry is also experiencing major delays due to traffic backed up from Highway 1

Driver ticketed and hospitalized after highway crash near Sicamous

The two-vehicle collision took place near Bernie Road on June 26.

COVID-19: Okanagan libraries to reopen for browsing

More than 80,000 items loaned out through curbside pickup program ahead of Phase 3

Slow season at Okanagan U-pick farms

Lake Country farm owner Bruce Duggan said the rainy weather is turning people away

Not a chef: Cooking in COVID

Okanagan resident Andrew Levangie writes a new food column for Black Press Media

Okanagan man who rescued family from fire says it’s him who needed rescuing

Months after saving Linda Pakfec and her family from a burning building, Gord Portman says he’s clean

‘Mind boggling’: B.C. man $1 million richer after winning Lotto 6/49 a second time

David O’Brien hopes to use his winnings to travel and of course keep playing the lottery

Kootnekoff: B.C. Violated French Education Rights

Lawyer Susan Kootnekoff discusses British Columbia’s only French language school board

White-throated sparrows have changed their tune, B.C. study unveils

Study marks an unprecedented development scientists say has caused them to sit up and take note

B.C. teacher loses licence after sexual relationships with two recently-graduated students

The teacher won’t be allowed to apply for a teaching certificate until 2035

Letter: Grateful for Shuswap’s search and rescue volunteers

Writer expresses gratitude for selfless members of rescue organization

Most Read