May was a strong month for condo sales across the Central Okanagan, up about 25% year-over-year, even though we're still sitting roughly 12.8% below the 10-year average. It's been an up-and-down year. The first couple of months were slow, March looked promising, April dipped again, and then May came in stronger than any month in 2025.
Breaking it down by bedroom count tells a more nuanced story. Bachelor and studio units are sitting with around 16 months of inventory, one-bedrooms around 9 months, while two-bedroom and three-plus bedroom units are much closer to balanced, around 5.5 months of inventory. Listings overall remain about 34% above the 10-year average, though that gap has been narrowing, down 16.4% from last year.
Pricing has been remarkably steady. The benchmark condo price is just under $500,000, down about 9.5% from the 2022 peak, but essentially flat year-over-year. On average, properties priced at fair market value are taking around 54 days to sell, climbing closer to 82 days when you factor in relisted properties that needed a price adjustment.
If you're selling a condo right now, you're still competing with a lot of inventory, so pricing and presentation matter. If you're buying, you have room to be patient and selective. If you'd like to talk through your specific building or unit type, I'm happy to help.
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