Updated October 14, 2026. Figures are the Association of Interior REALTORS® September 2026 statistics (data pulled October 1, released October 5, 2026).
Central Okanagan sales slipped again in September 2026, but the picture is more mixed than August’s. Single-family prices held steady against last year, condo prices edged up, townhouse prices kept falling, and homes took longer to sell. Here are the numbers, where they come from, and what they mean if you are buying or selling in Kelowna this fall.
The headline numbers (Central Okanagan, September 2026)
| September 2026 | September 2025 | Change | |
|---|---|---|---|
| Total residential sales | 320 | 367 | -12.8% |
| Single-family sales | 149 | 157 | -5.1% |
| Townhouse sales | 46 | 54 | -14.8% |
| Condo/apartment sales | 83 | 102 | -18.6% |
| Single-family benchmark price | $1,057,200 | $1,047,300 | +0.9% |
| Townhouse benchmark price | $696,600 | $737,500 | -5.5% |
| Condo/apartment benchmark price | $496,700 | $487,100 | +2.0% |
| Single-family active listings | 1,218 | 1,461 | -16.6% |
| Townhouse active listings | 445 | 437 | +1.8% |
| Condo/apartment active listings | 774 | 839 | -7.7% |
| Single-family average days to sell | 67 | 61 | +9.8% |
| Townhouse average days to sell | 82 | 60 | +36.7% |
| Condo/apartment average days to sell | 85 | 78 | +9.0% |
Source: Association of Interior REALTORS®, Market Statistics, Central Okanagan. AIR reports the Central Okanagan as one region and does not publish Kelowna on its own.
What changed
- Fewer sales: 320 residential sales, down 12.8% from September 2025 and down from 327 in August. Condo sales fell the most, down 18.6% year over year.
- Year to date: 3,214 Central Okanagan sales from January to September 2026, against 3,301 in the same months of 2025 (calculated from AIR’s monthly figures), about 2.6% lower.
- Prices split by type: the single-family benchmark was 0.9% higher than a year earlier and unchanged from August. Townhouses were 5.5% lower year over year. The condo/apartment benchmark was 2.0% higher than a year earlier and 6.7% higher than August, a large one-month move for a benchmark, so treat a single month with caution.
- Slower sales, fewer new listings: homes took longer to sell across every type, with townhouses averaging 82 days. New single-family listings were down 22.1% from September 2025, so less new supply is coming on.
- Inventory: at September’s pace there were about 8 months of single-family inventory and about 9 to 10 months for townhouses and condos (calculated from AIR’s figures). AIR describes conditions as balanced and notes that inventory is not building up, but these levels still give buyers time and room to negotiate.
Across the whole Association area, sales were 1,141, the same as August and 8% below September 2025. AIR’s president said the market is showing early signs of a soft rebound and that well-priced homes are selling relatively quickly.
Interest rates
The Bank of Canada held its policy rate at 2.25% on September 2, 2026, where it has been since October 29, 2025. The next decision is October 28, 2026.
How Kelowna compares with Vancouver and Calgary
For anyone thinking about a move, here is how September’s benchmark prices compare. Each board calculates its own index, so treat this as a guide, not an exact match.
| September 2026 benchmark | Central Okanagan | Metro Vancouver | City of Calgary |
|---|---|---|---|
| Single-family / detached | $1,057,200 | $1,784,700 | $739,400 |
| Townhouse / row | $696,600 | $1,016,700 | $412,400 |
| Condo / apartment | $496,700 | $682,500 | $291,400 |
If you are planning a move, my guide to moving to Kelowna covers neighbourhoods and the BC rules to know before you buy.
What it means for you
Buyers: with homes taking two to three months to sell, there is room to negotiate, especially on townhouses, where prices and sales are both down. Get pre-approved before you shop.
First-time buyers: the condo benchmark of $496,700 falls within the first $500,000 that the BC first-time home buyers’ exemption covers, so an eligible buyer of a typical condo would pay no property transfer tax. See my first-time home buyer guide for Kelowna.
Sellers: fewer new listings help, but buyers are taking their time. An accurate price from the start matters more than ever. A home evaluation is the place to begin.
Investors: see my guide to buying an investment property in Kelowna for the current short-term rental, tax and rental market rules.
Frequently asked questions
What is the average home price in Kelowna right now?
In September 2026 the Association of Interior REALTORS® reported a Central Okanagan single-family benchmark price of $1,057,200, a townhouse benchmark of $696,600 and a condo/apartment benchmark of $496,700.
Is it a buyer’s or seller’s market in Kelowna?
AIR describes the market as balanced. September 2026 figures still lean toward buyers: about 8 months of single-family inventory and 9 to 10 months for townhouses and condos, with single-family homes taking 67 days to sell on average.
Are Kelowna home prices going down?
It depends on the type. In September 2026 the townhouse benchmark was 5.5% lower than a year earlier, while the single-family benchmark was 0.9% higher and the condo/apartment benchmark 2.0% higher.
How many homes sold in Kelowna in September 2026?
320 residential sales in the Central Okanagan, compared with 367 in September 2025, according to the Association of Interior REALTORS®.
Sources
- Association of Interior REALTORS®, Market Statistics (Central Okanagan, September 2026 and September 2025) and the October 5, 2026 news release
- Bank of Canada, policy interest rate
- Greater Vancouver REALTORS®, September 2026 market report
- CREB®, September 2026 statistics and monthly stats package
Categorised in: Insights, Kelowna Real Estate
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