Week of August 31 – September 6, 2026 · Central Okanagan Real Estate
Fifteen Weeks of Data · Graham Real Estate
218 new listings, 102 sales, and the most buyer choice of the season.
The fall market opened with 218 new listings and 102 sales — sales rebounded strongly from last week's 71, and supply climbed again to the highest level in five weeks.
The number that stands out is 201: expiries and cancellations combined. Most of that inventory will return this month repriced, which means more choice for buyers and a clear pricing signal for sellers.
The detailed sale records explain the opportunity. Homes that sold went for a median 96.8% of their asking price in a median 62 days. Homes that expired had been sitting a median 167 days, and were asking a median $755,000 — above the $736,500 median that actually changed hands.
New listing, sales, expired and cancelled figures from Royal LePage Kelowna weekly board data, Single Family Residential, Central Okanagan, week of August 31 – September 6 2026. Price, days-on-market and sale-to-list figures from the matching residential market analysis reports run 9/8/2026.
The market by home type
How much choice buyers have right now
Latest complete month: loading. More than six months of inventory generally means buyers have more choice and time.
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Latest monthly figures
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Latest monthly figures
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Latest monthly figures
New listing, sales, expired and cancelled counts from the Royal LePage Kelowna weekly board snapshot, Single Family Residential, Central Okanagan, August 31 – September 6 2026. Price, days-on-market and sale-to-list figures from the residential market analysis reports for the same week (94 residential sales, 193 new residential listings, 73 expiries and 72 cancellations); board totals include property classes beyond residential, so the counts differ.
Fifteen weeks of data. Pricing accuracy has been the consistent divider between sold and unsold listings.
| Week | New Listings | Sales | Unmatched | Non-sale rate |
|---|---|---|---|---|
| May 25–31 | 216 | 123 | 151 | 55% |
| June 8–14 | 259 | 116 | 116 | 50% |
| June 15–21 | 264 | 117 | 122 | 51% |
| June 22–28 | 246 | 106 | 118 | 53% |
| June 29–Jul 5 | 212 | 89 | 184 | 67% |
| July 6–12 | 234 | 100 | 135 | 57% |
| July 13–19 | 231 | 106 | 152 | 59% |
| July 20–26 | 215 | 98 | 125 | 56% |
| Jul 27–Aug 2 | 224 | 125 | 190 | 60% |
| Aug 3–9 | 185 | 94 | 98 | 51% |
| Aug 10–16 | 193 | 83 | 117 | 59% |
| Aug 17–23 | 184 | 85 | 125 | 60% |
| Aug 24–30 | 211 | 71 | 117 | 62% |
| Aug 31–Sep 6 | 218 | 102 | 201 | 66% |
May 25–Jun 21 figures from Single Family Residential board graphics. Jun 22 onwards from Royal LePage Kelowna weekly board data, Central Okanagan. Unmatched listings = expired + cancelled.
Sales recovering to 102 is genuinely encouraging after the late-August lull, and it confirms that the softness of the previous week was seasonal rather than structural.
The expiry count puts the opportunity in context. 116 listings expired this week against 29 the week before — end-of-summer listing terms running out all at once. Combined with 85 cancellations, 201 homes left the market without a sale, and most will return repriced.
The detail behind those numbers is the useful part. Sold homes were asking a median $749,900 and closed at a median $736,500 — 96.8% of ask — in a median 62 days. Expired homes were asking a median $755,000 after a median 167 days on market, and cancelled homes a median $839,900 after 83 days.
In other words the gap between selling and sitting this week was roughly two to five percent on price and a decision made early rather than late. The homes that sold were priced close to market from the start; the ones that expired had spent nearly six months chasing it.
The sale range ran from $107,500 through $3,000,000. New listings arrived asking a median $828,000 — noticeably above the median that is clearing — which sets up September's competition.
"Pricing accuracy is the single biggest factor in whether a home sells right now."
Sold at 96.8% of ask in 62 days. Expired after 167 days.
Sold homes: 94 residential sales, median price $736,500, average $795,298, median $420.75 per square foot, median 62 days on market, closing at a median 96.8% of the asking price and 94.9% of the original list price.
Expired homes: 73 residential listings, median asking price $755,000, average $892,697, median $489.45 per square foot, median 167 days on market — roughly $69 per square foot above what sold, after nearly six months of trying.
Cancelled homes: 72 residential listings, median asking price $839,900, average $1,062,811, median 83 days on market. These are the sellers most likely to relaunch this month at a lower number.
New listings: 193 residential listings came on asking a median $828,000, average $1,018,569, at a median $446.87 per square foot — above the level currently clearing.
All figures from the residential market analysis reports for August 31 – September 6 2026, run 9/8/2026. Price per square foot medians exclude listings with no reported floor area.
You are launching alongside 200 homes that have already tested the market.
The 201 listings that came off the market this week are not gone — most will be back within weeks, repriced and with fresh photos. They become your direct competition, and they have already learned what the market would not pay.
Sales did rebound to 102, so buyers are active. The homes finding them are the ones priced to what is clearing today: a median 96.8% of ask, sold in about two months, at roughly $420 per square foot.
The expired group asking a median $755,000 against a $736,500 median sale price is the whole lesson. Being a few percent high does not slow a sale down — it stops it.
Non-sale rate calculated as expired plus cancelled listings divided by the sum of sales, expiries and cancellations for the week.
Call us before you list and we'll price to what is actually selling right now.
September opened with the most choice of the season.
218 new listings arrived in a single week, and behind them sits a pool of 201 homes that came off the market without selling over the summer. Sellers in that second group — cancelled listings averaged 83 days on market, expiries 167 — are the most motivated in the market.
New supply is asking a median $828,000 while the median sale landed at $736,500. That spread is your negotiating room, and the sold records show buyers are routinely getting three to five percent off ask.
The range from $107,500 to $3,000,000 shows activity right across the price spectrum — entry-level condos through to upper-end detached.
Lowest and highest residential sale figures as reported in the weekly board snapshot for August 31 – September 6 2026.
Tell us your budget and timeline and we'll show you what is actually worth seeing.
Graham Team Take
Two things happened at once this week: buyers came back from the summer break, and a large block of summer listings hit their expiry date. Both are normal for the first week of September.
We would not read the 66% non-sale rate as deterioration. It is a calendar effect as much as a market signal — but it does leave September with unusually heavy competition on the seller side.
What the full sale records confirm is that this is a market that pays fairly for correctly priced homes and ignores everything else. 96.8% of ask in 62 days is a healthy, functioning market for the right listing.
If you are listing this fall, going early and pricing correctly matters more than it has all year. The repriced summer inventory is about to arrive, and it will set the comparison buyers use.
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Data sourced from Royal LePage Kelowna weekly board statistics and residential market analysis reports, Central Okanagan, August 31 – September 6 2026. Market analysis figures are an opinion of value and not an appraisal. NOTE: this representation is based in whole or in part on data generated by the Association of Interior REALTORS®, which assumes no responsibility for its accuracy. MLS®, REALTOR®, and the associated logos are trademarks owned or controlled by The Canadian Real Estate Association (CREA). Not intended to solicit properties already listed for sale. Royal LePage Kelowna, independently owned and operated.
Graham Real Estate Team · Royal LePage Kelowna. Non-sale rate = expired plus cancelled listings divided by sales plus expired plus cancelled. Weekly totals and residential details come from the sources named above.
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