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August recorded 35 sales across Nelson and the surrounding Kootenay market—almost unchanged from last August and exactly in line with the five-year August average. The bigger shift was on the supply side, with substantially fewer new listings and less inventory than a year ago.
| Sales were steady, but supply tightened. Homes sold faster, and sellers achieved a larger share of their asking price. |
THE NUMBERS AT A GLANCE
August market snapshot
| Metric |
Aug. 2026 |
Year over year |
| Sold listings |
35 |
−2.78% |
| New listings |
54 |
−23.94% |
| Average list price at closing |
$839,934 |
+42.76% |
| Average sold price |
$801,907 |
+43.97% |
| List price achieved |
95.36% |
+2.31% |
| Average days on market |
62.34 days |
−24.69% |
| End-of-month inventory |
333 |
−9.02% |
| Months of supply |
11.86 |
−6.32% |
Year-over-year figures compare August 2026 with August 2025.
What the data reveals
Steady sales, fewer new options
August produced 35 sales, down just one transaction from last year and following 38 sales in June and 39 in July. New listings fell to 54 from 71 last August. The closed-to-new-listing ratio improved to 64.8%, compared with 50.7% a year ago, because sales held steady while fewer properties entered the market.
The average price needs context
August’s average sold price rose to $801,907, up 43.97% year over year. That does not mean every property gained 44% in value. Fourteen of the month’s 35 sales were above $850,000, including four above $1.225 million, giving higher-priced properties an outsized effect on the monthly average. The year-to-date average, up 6.13%, provides a steadier view of the broader trend.
Homes sold faster
Average days on market dropped from 82.78 to 62.34 days, while sellers achieved an average of 95.36% of their asking price, up from 93.20% last August.
Choice remains, but inventory is tightening
August ended with 333 active listings, 9.02% fewer than last year, and 11.86 months of supply. Buyers still have options, even as inventory has declined year over year.
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