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Hello from Bennett Family Real Estate! October 2025 saw significant shifts in the Kootenay market. While we observed a clear downtrend in average pricing and a longer sales cycle, the underlying demand kept our listing success ratio positive.
➡️ Read the Full October Market Update (PDF)
🏠 View All October Solds
Key Metrics Snapshot (October 2024 vs. 2025)
| Metric |
October 2025 Value |
Year-over-Year Change |
| Amount of Sold Listings |
39 |
-9.30% |
| New Listings |
44 |
-12.00% |
| Average List Price |
$635,464 |
-15.18% |
| Average Sold Price |
$603,450 |
-12.29% |
| % of List Price Achieved |
93.50% |
+1.37% |
| Average Days on Market (DOM) |
105.62 Days |
+11.17% |
| End of Month Inventory |
293 Homes |
-3.93% |
| Months of Supply (MSI) |
9.88 MSI |
-12.03% |
What the Data Reveals
Falling Prices and Longer Sales Cycles: The average sale price dropped to $603,450. Concurrently, homes are taking an average of 105.62 days to sell , an 11.17% increase. This signals a market environment where buyers have more time and leverage.
Positive Sales Success for Sellers: Despite the downward pressure on price, the average listed property is still closing at 93.50% of its asking price. This ratio finished strong this month, suggesting that strategically priced and well-marketed homes continue to perform well.
Inventory Is Tightening: The Months of Supply (MSI) fell to 9.88 , a 12.03% decrease from last year's 11.23 MSI. This shrinking supply will likely create pressure on MSI in the coming months, which is a metric to watch closely.
Your Local Real Estate Expert
Real Estate is local. If you're considering buying or selling, let's discuss how these regional trends specifically affect your property goals. Chat with Bennett Family Real Estate Today
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Phone: 250-354-7471 | Email: karenandchuck@nelsonproperty.com
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