Central Okanagan Market Update: February 2026

The Simple Guide.to Real Estate
Curated by Justin Baarts 


The February data is in, and the Central Okanagan single-family home market is showing some interesting shifts. If you are planning to buy or sell this spring, these numbers tell a specific story about where the leverage lies.

Here is the breakdown of what happened in February 2026 compared to the same time last year.

The Big Picture: Single-Family Homes

The single-family market in the Central Okanagan saw a mix of cooling prices and shifting inventory levels.

  • Benchmark Price: The price for a typical home is now $1,056,600. This is a 5.7% drop from February 2025.

  • Total Sales: There were 115 homes sold in February. Sales activity slowed down by 5.7% year-over-year.

  • Inventory: There are 1,045 active listings on the market. Total inventory has decreased by 9.6% compared to last year.

  • Days to Sell: On average, it takes 81 days to sell a home. This is a 9.9% increase in time on market.


Neighbourhood Spotlight

Not every area followed the same trend. Some neighbourhoods saw prices rise even as the overall market dipped.


NeighborhoodBenchmark PricePrice Change (YoY)Sales
Upper Mission$1,303,100

-1.4% 



6 



Wilden$1,313,700

-2.1% 



1 



Lower Mission$1,201,700

-0.6% 



2 



Black Mountain$1,153,400

+1.3% 



8 



Rutland North$829,900

+2.9% 



7 




Strategist’s Take: What This Means for You

For Sellers: Inventory is down by nearly 10%. This means you have less competition than sellers did last year. However, homes are sitting on the market longer. Buyers are being pickier because prices are still over the million-dollar mark on average. To win in this market, your home needs to be show-ready and priced sharply from day one.


For Buyers: The 5.7% drop in benchmark prices is a silver lining. You have more room to negotiate than you did a year ago. With homes taking an average of 81 days to sell, you don't always have to rush into a decision. You can take the time to do proper inspections and due diligence.

Kelowna real estate market infographic showing a 9.6% drop in inventory and an 81-day average days-to-sell, illustrating a slower market pace in the Okanagan.

Planning Your Next Move?

The Central Okanagan market is moving into a more balanced state. It is no longer a frantic "seller's market," but the low inventory keeps it from being a total "buyer's market." Success right now depends on hyper-local data.



Want to know how these stats directly impact you?

Mar 05, 2026