Week of October 12–18, 2026 · Central Okanagan Real Estate
10 Residential Weeks Available · Graham Real Estate
October 12–18, 2026 — about 116 new home listings over Thanksgiving week, 74 home sales
New home listings fell to about 116 in a holiday-shortened week while home sales rebounded to 74. Homes priced right from day one got about 97% of asking in 35 days; the 23 that needed a price cut got about 90% and took 85 days.
AIR Matrix, Central Okanagan, Residential property type, October 12–18 2026: new listings by activation date; expired and cancelled by status date; sales by sold-reported date. All analysis covers residential homes, including 74 sales. Activation-date listing counts run about 2% high versus board snapshots, so new listings are shown as ‘about’.
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
Residential homes only. Typical means the middle value. The typical Sale-to-List Ratio is the median of individual sold ÷ list ratios; the overall ratio is shown separately. Non-sale rate = expired plus cancelled divided by sales plus expired plus cancelled.
10 residential weeks available. Thanksgiving puts the listing dip in context.
| Week | New Listings | Sales | Unsold | Non-sale rate | Expired | Cancelled | Sales ÷ new |
|---|---|---|---|---|---|---|---|
| Jul 27–Aug 2 | 206 | 120 | 168 | 58% | 70 | 98 | 58% |
| Aug 3–9 | 161 | 89 | 90 | 50% | 23 | 67 | 55% |
| Aug 10–16 | 193 | 83 | 117 | 59% | 45 | 72 | 43% |
| Aug 17–23 | 184 | 85 | 125 | 60% | 37 | 88 | 46% |
| Sep 7–13 | 220 | 81 | 96 | 54% | 25 | 71 | 37% |
| Sep 14–20 | 202 | 76 | 111 | 59% | 39 | 72 | 38% |
| Sep 21–27 | 166 | 66 | 94 | 59% | 21 | 73 | 40% |
| Sep 28–Oct 4 | 173 | 64 | 212 | 77% | 115 | 97 | 37% |
| Oct 5–11 | ~175 | 58 | 95 | 62% | 22 | 73 | 33% |
| Oct 12–18 | ~116 | 74 | 109 | 60% | 49 | 60 | 64% |
AIR Matrix residential records only. Earlier rows are included where already stored; missing weeks are omitted. October activation-date listing counts run about 2% high versus snapshots, so ~ means about. Sales ÷ new listings is a weekly comparison, not a cohort conversion rate.
New home listings fell to about 116 from about 175 in a holiday-shortened week. Home sales rose to 74 from 58. Expiries rose to 49 from 22; cancellations fell to 60 from 73. The residential non-sale rate eased to 60% from 62%.
Of 74 residential sales, 20 were at $1 million or more. Seven were at $1.5 million or more. Residential listings had 49 expiries and 60 cancellations.
Houses: 34 sales, a typical $1,004,000, 96.6% of list, and 39 days. Townhomes and half-duplexes: 18 sales, a typical $753,500, 97.7% of list, and 47 days. Condos: 21 sales, a typical $394,000, 95.6% of list, and 47 days.
Plus one manufactured home.
By price: under $500,000 — 20 sales; $500,000–$750,000 — 16; $750,000–$1 million — 18; $1–$1.5 million — 13; $1.5 million and up — 7.
"Priced right: about 97% in 35 days. Price cut needed: about 90% in 85 days."
A holiday dip, not yet a trend
About 116 new home listings arrived this week. Monday, October 12 was Thanksgiving. It took a working day out of the week, and sellers rarely launch on a long weekend.
The week before had about 175 new home listings. That makes this a holiday dip, not proof that supply is drying up.
74 home sales against about 116 new home listings is about 64%, up from 33%. But this was a holiday-shortened week, not a trend. The real test is the next two weeks.
51 homes never changed their price. 23 did. Here is what that cost.
Priced right from the start (51 homes): sold for about 97% of their original asking price, in a typical 35 days.
Needed a price cut (23 homes): sold for about 90% of their original asking price, in a typical 85 days.
On a $700,000 home, that roughly 7% gap is about $49,000 — plus an extra seven weeks of carrying costs.
AIR Matrix residential sales reported October 12–18 2026. Original asking price is the price the home first listed at. Figures are typical (middle) values for each group.
Less competition is not permission to overprice.
There was less competition from new listings this week. But buyers are still paying about 97% only for homes priced right from the start.
Start where buyers are already paying. A holiday-shortened listing week won't make an optimistic price work.
Tell us your price range and we'll show you how homes like yours are selling right now.
Fewer new choices. Well-priced homes are moving in about five weeks.
Fewer listings means fewer fresh options. Be ready when a home is priced in line with recent sales.
Homes that have already been reduced are where the negotiation room is. They sold for about 90% of their original asking price.
Tell us your budget and timeline and we'll show you what's actually worth seeing.
Graham Team Take
Don't read too much into about 116 new home listings — it was Thanksgiving week. The sales number is the better signal: 74 home sales made this a strong week. If new home listings bounce back and home sales hold up, that's a balanced fall market, not proof of a tightening one.
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Get my street reportGraham Real Estate Team · Royal LePage Kelowna
AIR Matrix, Central Okanagan, Residential property type, October 12–18 2026: new listings by activation date; expired and cancelled by status date; sales by sold-reported date. All analysis covers residential homes, including 74 sales. Activation-date listing counts run about 2% high versus board snapshots, so new listings are shown as ‘about’. 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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