It's a sellers market in the Okanagan.
The BC Real Estate Association says home sales have, surprisingly, have bounced back to 2017 levels.
Chief Economist Brendon Ogmundson told AM 1150 News, record low mortgage rates are prompting more people to buy a home despite financial uncertainty heading into a possible second wave of COVID-19.
"We don't have a lot of supply in the market. What we are seeing is something closer to a sellers market with upper pressure on home prices in spite of a rather weak BC economy".
But if you are selling a home, its best to get full value for it now.
"Not only have home sales across the Okanagan have recovered from pre-pandemic levels, they are actually back to about 2017 levels", Ogmundson said.
It's best to sell now with the fear of a second wave of COVID-19 this fall, potentially slowing down sales across the entire province, Ogmundson added.