January 2009 Stats for the Central Okanagan

Real estate sales in the Central Okanagan market were slow once again in the month of January.  Consumer confidence has been rattled in recent months with the media reporting job losses, stock volatility etc.  The "doom and gloom" that the media continues to spin on a daily basis gives the impression that purchasing a home is very bad idea!  The flip side to this is interest rates are at a 50 year low, inventory levels allow more choice than in the past and home prices are more affordable than they have been in recent years!  All in all it truly is a great time to invest in real estate.