Central Okanagan Market Pulse
June 29 – July 5, 2026 — 68% fail rate, the highest in six weeks
Published July 8, 2026
New listings pulled back to 189 — the lowest in six weeks — yet failures still dramatically outpaced sales. Upper Mission stood out as the lone bright spot.
The market got quieter. That did not make it easier.
189 properties came to market across the Central Okanagan, the lowest new-listing count in six weeks. Fewer listings should have reduced competition for sellers, but 68% of listings that reached a conclusion still failed to sell.
The seasonal slowdown is real, but the underlying pattern has now been consistent for six straight weeks and has little to do with one holiday week.
Detached homes were challenging in every price bracket.
Acreage properties had zero sales against four failures. Above $2M, more than four out of five concluded listings failed. Even the under-$700K bracket sat at a 54% failure rate.
The homes that closed shared one thing: they arrived at market priced for where buyers are, not where sellers hoped they would be.
Condos were among the most difficult segments.
The under-$400K condo bracket recorded an 81% failure rate, while the $400K to $600K mid-range sat at 62% failures. Premium condos at $600K and above were only marginally better at 69%.
Average days on market for sold condos ranged from 68 to 83 days, meaning the successful sellers were positioned weeks before this snapshot.
Upper Mission was the neighbourhood bright spot.
Upper Mission recorded four sales and a single failure — a 20% fail rate in a week when many Kelowna neighbourhoods were between 58% and 100%.
It was a small sample, but it was the strongest neighbourhood signal in this week's Central Okanagan data.