For the second month in a row, the absorption rate for the North Okanagan ( percentage of properties listed that sold) was near 20%! In May of 2014, the absorption rate was 21.4%. This was the first time since 2007 that the rate was over 20%. In June of 2014, the absorption rate was strong again at 19.3% . With the low interest rates, buyers are taking the plunge because there is a lot of inventory from which to choose and who knows how long the interest rates are going to stay at this level.
What this means is that if you are on the fence as to whether you are going to buy or sell, now is the time. Give me a call at 250-307-1101 and we can discuss it. The Real Estate Market is as hot as the Okanagan weather these days!