Did the other shoe drop on real estate sales in Kamloops for the month of June? Not really. There was a total of 1446 residential unit sales across the entire region which represents a 30.3% decrease compared with the number of units sold in June of 2021. I anticipated an increase in listings and that held true at a 15.2% increase over the same time period last year in the Kamloops market. 

The biggest number is that overall inventory saw a 101.2% injection compared to June of 2021. When you have more inventory buyers feel less panicked to purchase a home that perhaps they really don't want/need. The market is shifting to a more balanced position allowing buyers to be more selective.  The challenge moving forward is managing sellers' expectations…

371 Views, 0 Comments

Read Full Post