Real estate market hits eight-year high

The Okanagan Mainline Real Estate Board says sales activity in June was the strongest in eight years.

  • Jul. 14, 2015 7:00 p.m.

The Okanagan Mainline Real Estate Board says sales activity in June was the strongest in eight years.

According to OMREB, sales overall were up five per cent from the same month last year and the housing market has shown an eight per cent improvement year-to-date compared to the same six-month period in 2014. The real estate board credited the B.C. economy, which it says is currently the best performing in the country with population growth, reinvigorated consumer confidence and pent-up demand key drivers of the real estate market as it bounces back to 2007 sales levels in most areas of the province.

“Strong consumer demand in the Okanagan-Shuswap has pushed home sales to an eight-year high and reduced days to sell to 72 days on average compared to 94 last year at this time,” said Christopher Miller, OMREB president.

 

 

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