Residential real estate sales in the Kootenay Boundary tumbled last month compared to the same time last year, which the Association of Interior Realtors suggests is due to limited inventory.
In a news release, the association said 144 sales were recorded in February, down 29 per cent from the same month of 2025, although that was up from the 123 units sold in January.
There were 331 new listings recorded in February, a 9.3 per cent decrease compared to the same month the previous year, but up from January’s 317 new listings. Overall active listings in the region saw a 0.7 per cent increase compared to February 2025 with 1,261 recorded listings.
“Buyer interest continues to hold in the Kootenay market, but relatively flat inventory levels appear to be tempering sales activity,” association president Kadin Rainville said. “When selection is limited, transactions can take longer to materialize as purchasers wait for suitable properties to come to market.”
Benchmark prices, which realtors say is a better representation of value compared to the average price as it represents a home of typical attributes, saw a 5.7 per cent increase in the Kootenay in the single-family housing category compared to the same month the previous year, coming in at $596,100.
The townhouse category saw a 0.4 per cent decrease in benchmark pricing, coming in at $496,100. Among condos, benchmark prices saw a decrease of 5.2 per cent in year-over-year comparison, coming in at $336,100.
