Kelowna Real Estate Market Opinion for April 2019
Every year the real estate market goes through a peak and a valley. All stats rise in the spring and fall in the fall. This year is turning out to be no different. To say that sales or inventory are up in April compared to March or February is nonsensical because that happens every year. What is relevant is how those months compare to the same months in the previous year. When we compare the first 4 months of 2019 to 2018 we find that the market continues to slow. Click the images below to see the comparable trends for the past 12 months (highlighted). 
However, it is a moderate slow down and we still have a very active market in the Central Okanagan. Especially when you compare the first 4 months of 2019 with the same 4 months of 2008 and 2009 (the times of serious slowdown/recession). The current real estate market is still robust. I think 2019 will maintain this trend into next year.
Please remember, this is just the Real Estate World according to Rom.