December 2019 Market Stats for Penticton, Summerland & OK Falls

In December 2019, we saw sales for single family homes mirror the same period from the previous year with 29 homes sold. There is a healthy supply of inventory with the average sale price of homes at $597,348 representing a 8.46% increase from December 2018. The market is shaping up to be strong spring market in 2020 with a healthy inventory moderate pricing increases!