The Kelowna Market Just Flashed a Warning SignThe Kelowna real estate market just did something that should get your attention. Sales dropped below last year's numbers, which were already historically low. One category fell 24% year-over-year.

Here's what's happening right now. Single-family homes are down $70,000 since spring and have dropped in four of the last five months. The condo market has 10 months of inventory, meaning only one out of every 10 condos is selling each month.

For a lot of condo owners, the situation is getting desperate. They can't sell, they can't rent, and they can't keep it. With vacancy rates over 5% and rents dropping across the city, rental investors are facing real pressure.

Town homes aren't doing much better. Sales dropped 26% year-over-year with nearly 11 months of available inventory. This is putting serious downward pressure on prices across the board.

So here's the real question: Is this the correction buyers have been waiting for, or are we heading into something worse?

I break down the full numbers across all three categories in my latest video. You'll see exactly what's happening in single-family homes, town homes, and condos, and what it means for your next move.

Whether you're a buyer looking for opportunity or a seller who needs a strategy, understanding these numbers matters. 

Watch the full breakdown here: