As the scent of lilacs gives way to sunscreen and patios, the Columbia Valley real estate market is following suit—shifting from spring energy into early summer momentum. May delivered a mix of consistency and subtle shifts, with sales rising, prices holding firm, and the market showing signs of healthy seasonal rhythm. Whether you're gearing up for a summer sale or hoping to settle in before beach season peaks, here's what the latest numbers reveal.
🏡 Sales Pick Up with the Summer Breeze
50 homes sold in May—up 2.04% compared to last year’s 49.
Buyers were more active, and homes moved faster: Days on Market dropped 22.55% to 72.3 days on average .
This marks the second month in a row of strong buyer activity, a clear signal that summer is sparking action.
💰 Prices Hold Steady in the Sunshine
Average List Price: $663,591 — up 5.78% YoY
Average Sale Price: $615,947 — up 1.14% YoY
Sale-to-List Ratio: 92.81%, slightly down by 4.37%
Prices remain stable, with slight YoY gains, even as buyers negotiate a little more confidently. For sellers, it’s a reminder to price strategically—homes that shine and are well-positioned are still closing close to list.
🌿 New Listings Bloom, but Inventory Remains Lean
117 new listings, down 4.1% from May 2024
Active inventory: 292 homes, down 4.58% from last year
Months of Supply: 7.71, showing a slight increase of 0.51%, keeping us in a gently buyer-favored market
While new listings are steady, the drop in overall inventory highlights a key trend—demand is quietly outpacing supply in certain segments, especially under $650K.
🌞 Key Takeaways for May
Buyers:
Summer activity is heating up—act early for the best selection.
With inventory slightly lower than last year, competition is rising in certain price ranges. Be ready to act decisively.
Sellers:
Homes are still selling well, especially those under the average list price.
Stage your home for summer living—think patios, gardens, and outdoor entertaining.
Pricing is key: the right number brings motivated buyers quickly.
🌺 Summer Starts Now—Let’s Make Your Move
Whether you're searching for a lakeside retreat, upsizing for family summer adventures, or selling before fall, now is the time to make your move. The Columbia Valley market is warm, active, and full of opportunity—and the Sherlock Homes Real Estate Team is here to help you navigate every step.
Connect with Us
📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com
📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com
The season is changing—and so can your address. Let’s make this summer one to remember! ☀️🔑
