KELOWNA, B.C. – June 3rd, 2026. Residential real estate activity across the Interior remained in line with seasonal expectations in May, reflecting a stable and balanced market environment, reports the
Association of Interior REALTORS® (the Association).

The Association region recorded 1,456 residential sales in May, up from 1,319 in April and nearly matching May 2025 activity, with a modest year-over-year decrease of 1.4%.

New residential listings saw a 13.3% decrease compared to May 2025 with 3,102 new listings recorded last month, and down from the previous month’s 3,134 new listings. The total number of active listings saw a 6.8% decrease in inventory compared to May 2025 with 9,486 recorded across the Association region. The only percentage increase in active listings across the Association region was recorded in the Kootenay and Boundary region with a total increase of 2.4% compared to May last year.

“While new listing activity remains below last year’s levels, overall real estate activity across the Interior continues at a healthy and sustainable pace. The decline in new listings could, in part, reflect buyers’ continued demand for greater choice, with fresh inventory often being absorbed into sales relatively quickly after coming to market. As a result, inventory levels have had limited opportunity to build despite a steady flow of new listings,” says Association of Interior REALTORS® President Ryan Mayne, adding that “this dynamic has helped maintain balanced market conditions, creating fair opportunities for both buyers and sellers.”

In the South Peace River region, there was a total of 34 residential unit sales recorded last month marking a 19% decrease compared to May 2025 and just up from April’s 27 units sold. New listings saw a 25.4% increase in year-over-year comparison with 79 new listings recorded last month. The total number of active listings saw a decrease of 7% compared to May 2025 with a total of 198 listings recorded.

The average price for single-family homes increased 6.7% compared to the same month the previous year, coming in at $350,125. The average price for mobile homes saw a 73% increase compared to May 2025, coming in at $357,500, and the average price for condominiums saw a 43.8% decrease, coming in at $83,500.

“Inventory levels in the South Peace region have shown encouraging growth, giving buyers more options than they had previously. However, despite these gains, overall supply remains somewhat constrained, suggesting that new listings are continuing to be welcomed by the market and absorbed at a healthy pace,” notes Mayne.

Given the high stakes on such a significant financial transaction, home sellers and buyers can benefit from the knowledge and skills of a practiced REALTOR®. Contact your local REALTOR® to find out more about the real estate market and how they can help you achieve your real estate goals.

---

About the Association of Interior REALTORS®:

The Association of Interior REALTORS® is a member-based professional organization serving approximately 2,600 REALTORS® who live and work in communities across the interior of British Columbia including the Okanagan Valley, Kamloops and Kootenay regions, as well as the South Peace River region.

The Association of Interior REALTORS® was formed on January 1, 2021 through the amalgamation of the Okanagan Mainline Real Estate Board and the South Okanagan Real Estate Board. The Association has since also amalgamated with the Kamloops & District Real Estate Association and the Kootenay Association of REALTORS®.

For more information, please contact:

Association statistical information:
Email media@interiorrealtors.com

Province-wide statistical information:
BCREA Chief Economist, Brendon Ogmundson, bogmundson@bcrea.bc.ca

About HPI®:

The MLS® Home Price Index (HPI) is the most advanced and accurate tool to gauge home price levels and trends by using benchmark pricing rather than median or average. It consists of software tools configured to provide time-related indices on residential markets of participating real estate boards in Canada.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA (REALTOR®/ REALTORS®.