Local Residential Market Continues Climb Ahead Of Spring Bloom
Residential sales across the region of Revelstoke to Peachland totaled 435 in
February, up from January’s 375 sales and 6% more than this time last year reports the Okanagan Mainline Real
Estate Board (OMREB).
New listings, which totaled 939, increased 24% compared to last month while overall active listings increased almost
7% over January’s inventory of 2,806.
“The residential market continues to recover from the slow start experienced last year,” says OMREB President Michael Loewen, adding that “it will be interesting to see if factors such as recent interest rate changes, uncertainties of the U.S. elections and the impact of the coronavirus on the economy will have much effect on the local market, if at all.”