Week of October 5–11, 2026 · Central Okanagan Real Estate
9 Residential Weeks Available · Graham Real Estate
October 5–11, 2026 — 58 home sales, and 73 sellers who pulled out
73 residential sellers cancelled — more than three times the 22 that expired. Homes priced right got about 97% of asking in 34 days; the 23 that needed a price cut got about 88% and took 118 days.
AIR Matrix, Central Okanagan, Residential property type, reviewed October 19, 2026 for October 5–11: new listings by activation date; expired and cancelled by status date; sales by sold-reported date. All analysis covers residential homes, including 58 sales. Residential new listings are about 175. Activation-date counts run about 2% high versus board snapshots, so we use ‘about’. Missing residential weeks are omitted, not estimated.
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.
9 residential weeks available. Cancellations outnumbered expiries more than three to one.
| 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% |
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 were about 175, versus 173 the week before. Home sales eased to 58 from 64. Expiries fell to 22 from 115; cancellations fell to 73 from 97. The residential non-sale rate eased to 62% from 77%.
58 home sales against about 175 new listings is about 33%, versus 37% the week before.
Of 58 residential sales, 17 were at $1 million or more. Nine were at $1.5 million or more.
Houses: 34 sales, a typical $960,000, 97.1% of list, and 42 days.
Townhomes & half-duplexes: 7 sales, a typical $720,000, 97.5% of list, and 71 days.
Condos: 11 sales, a typical $368,000, 95.6% of list, and 44 days.
Manufactured & park homes: 6 sales, a typical $222,500, 89.5% of list, and about 100 days.
By price: under $500,000 — 16 sales; $500,000–$750,000 — 11; $750,000–$1 million — 14; $1–$1.5 million — 8; $1.5 million and up — 9.
"Priced right: about 97% in 34 days. Price cut needed: about 88% in 118 days."
73 cancellations. Just 22 expiries.
73 residential sellers cancelled — more than three times the 22 that expired. After the quarter-end wave, many sellers pulled their listings rather than wait for them to expire.
We expect some of these homes back in spring at new prices. A cancellation is not a sale, and it does not erase the pricing history.
35 homes never changed their price. 23 did. Here is what that cost.
Priced right from the start (35 homes): about 97% of their original asking price, in a typical 34 days.
Needed a price cut (23 homes, about 40% of sales): about 88% of their original asking price, in a typical 118 days.
On a $700,000 home, the roughly 9-point gap is about $63,000 — plus about 12 extra weeks of carrying costs.
The $4.15 million Lakeview Heights house started at $4,995,000. It sold at about 83% of its original price after 208 days. The top end punishes overpricing hardest.
AIR Matrix residential sales reported October 5–11 2026. Original asking price is the price the home first listed at. Figures are typical (middle) values for each group.
A cancelled listing doesn't reset the market's memory.
Buyers and agents can see the history. Taking a home off the market does not make the old asking price more realistic.
If you relist, start at the price buyers are paying. The homes priced right sold in about a month.
Tell us your price range and we'll show you how homes like yours are selling right now.
Watch for cancelled listings coming back.
A returning listing may come with a new price and a seller ready to talk. Look at the full history, not just the new listing date.
Homes already reduced are where the negotiation room is. This week's price-cut group sold for about 88% of original asking.
Tell us your budget and timeline and we'll show you what's actually worth seeing.
Graham Team Take
The 40% of sales that needed a price cut is the number that matters. Those sellers gave up about 9 points and four extra months. The cancellations tell us plenty of others weren't ready to accept that.
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Get my street reportGraham Real Estate Team · Royal LePage Kelowna
AIR Matrix, Central Okanagan, Residential property type, reviewed October 19, 2026 for October 5–11: new listings by activation date; expired and cancelled by status date; sales by sold-reported date. All analysis covers residential homes, including 58 sales. Residential new listings are about 175. Activation-date counts run about 2% high versus board snapshots, so we use ‘about’. Missing residential weeks are omitted, not estimated. 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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