Although in some years the market has been quiet at this time in July, that is not the case this year! There is a renewed interest in buying Real Estate and like the weather, the market is hot, hot hot !
In Kelowna for the second month the absorption rate has been over 16% (in May and June) . In the North Okanagan , it is not that high but it is almost double digits. As the numbers of sales increase, and the inventory drops, we are gradually inching towards a seller’s market.
When will that happen? Not for a few months. So now is a great time to buy!
