Real estate sales in the Kootenay Boundary declined in September for the second month in a row.
The Association of Interior Realtors reported 233 sales in the region, a 13.7 per cent decrease compared with the same month last year.
Sales were also down from August’s 278 units, though unlike last month the area saw a slight increase in listings.
There were 436 new listings in September, an 18.8 per cent increase from a year earlier and up from 429 in August.
Overall active listings in the Kootenay region rose 2.6 per cent compared with September 2024, with 1,795 properties recorded.
“The Kootenay market has been leading the way for over a year, and while activity has stepped back a notch, it’s still steady,” said Association of Interior Realtors president Chelsea Mann Rainville.
“Real estate markets move in cycles, and this pause is simply part of the natural rhythm after such a strong run, which is both expected and healthy.”
The benchmark price — which the association said is a better measure of value than average or median prices, as it represents a dwelling of “typical attributes” — recorded percentage increases in single-family and townhome categories.
Compared with September 2024, the benchmark price increased 3.3 per cent for single-family homes to $625,900 and 3.9 per cent for townhomes to $513,400.
The condominium benchmark price decreased 1.2 per cent year over year, to $323,400.
Be the first to know! Don’t miss out on breaking news and daily updates in your area. Sign up to MyKootenayNow News Alerts.
