Is now the right time to consider upsizing or downsizing? When taking a look at June 2025’s market stats, the Kelowna real estate market is showing compelling insights for homeowners to strongly consider both options. With interest rates holding steady, inventory levels rising, home values showing resilience, and the promising list-to-sale price ratio for residential properties, it’s a uniquely balanced time in the Kelowna housing market. Here’s what you need to know:

• Inventory is climbing — in June, Central Okanagan listings are up about 9% year‑over‑year, especially in the condo and townhome segments where supply is near decade-highs (with plenty more new construction underway), giving buyers plenty of options to consider 
• Sales remain solid — Single-family home sales increased over 15% year-over-year compared to June 2024, with a median price of $1,000,000 (up 1.4% over last year)
• Price stability — Despite growing inventory, prices haven’t crashed. In fact, condos and single-family homes have shown increases while townhomes are holding steady with only a slight downturn:

• List to sale price ratio — Listings are showing healthy metrics when it comes to sale prices, with residential categories sitting at a 97-98% list-to-sale price ratio (in other words, the asking price vs the sale price). What does this mean, you might ask? It’s another strong indicator of a balanced marketplace where asking and sale prices are just about even – a win for both buyers and sellers looking to upsize or downsize their lifestyle.

For homeowners craving more space, stability in the market presents a fantastic upsizing opportunity. If you’ve been waiting for leverage and predictable pricing, now could be the moment to take the leap from a condo to a single-family home as condo inventory, sales, and construction continue to grow, while single-family homes maintain steady sales and prices.

On the flip-side, empty-nesters and retirees might benefit most from today’s downsizing options. Downsizing not only frees up equity but reduces maintenance and overhead, and there is plenty to choose from on the condo and townhouse market right now. As we notice an increase in sales alongside a decrease in available inventory, single-family homes continue to show noteworthy demand, making for great timing to capitalize on these investments. Selling a larger home could fund a smaller, more manageable space while freeing up financial resources and/or maximizing the potential of retirement income.

If you’re looking for more space or simply seeking simplicity, the current Kelowna market supports informed decisions on both ends. With pricing steady, financing steady, and plenty of options available, now is a smart time to explore your next chapter—whether that means upsizing, downsizing, or something in between. Let’s get in touch to start planning out your right-sizing move together!