Resurgence in real estate sales

Overall sales of all properties in the North Okanagan jumped from 128 units in 2011, or 25 per cent, to 160 units in May.

Real estate activity is gaining strength.

Overall sales of all properties in the North Okanagan jumped from 128 units in 2011, or 25 per cent, to 160 units in May.

“During May, the Okanagan experienced a resurgence in sales activity due to elevated buyer interest, an early sign that consumer demand and confidence are improving,” said Rob Shaw, with the Okanagan Mainline Real Estate Board.

“We haven’t seen sales numbers like this for a year or so.”

There were 80 single-family home sales in May, up 21 per cent from 66 during the same month in 2011. Townhouse sales were up 45.5 per cent over last year (22 to 32.  Inventory during May dropped 2.1 per cent to 2,566 compared to 2,621 at this time last year.