House sales up

There were 149 overall property sales in October, up 9.6 per cent from 136 units during the same month in 2012.

There is strong interest in the North Okanagan’s real estate market.

There were 149 overall property sales in October, up 9.6 per cent from 136 units during the same month in 2012.

Of the total, there were 134 residential sales, up 8.9 per cent from 123 sales.

Inventory for October saw a 7.2 per cent from 2,306 to 2,140, and the 248 new listings taken for the month dipped 2.8 per cent from the 2012 level of 255.

“This market can be challenging for sellers and buyers alike. Rising home sales combined with a downward trend in active listings have improved overall housing market conditions in the Okanagan, yet we remain firmly in buyers’ market territory,” said Karen Singbeil, Okanagan Mainline Real Estate Board president.

 

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