Within the Kamloops and District region, there were 192 residential unit sales recorded last month, down from the 213 recorded in March 2023, with a 30.9% decrease compared to March 2022 sales. There were 413 new listings added in April in the Kamloops and District region, which was a decrease of 23.1% compared to the same time last year. Overall inventory, or active listings, saw an increase of 35.7% increase compared to April 2022, coming in at 923.

The volume of active/new listings is still low relative to past years. This is maintaining a high level of pressure on sales prices. The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes,” saw an increase in the townhouse category for another consecutive month; up 5.1% coming in at $543,000 compared to April 2022.

The benchmark price for single-family homes and condominiums both saw percentage decreases in year-over-year comparisons of 11.1% and 10.9%, respectively. Unless Kamloops sees a large number of new listings, the buyer demand pressure will remain high, keeping prices from dropping much further, as many have anticipated.

kamloops real estate market statistics graph


Posted by Andrew Karpiak on
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