Within the Kamloops and District region, there were 280 residential unit sales recorded last month, up from the 273 recorded in May 2023 and up from June 2022 with a 6.5% increase. There has been upwards sale momentum, just surpassing sales numbers for last year at this time. There were 489 new listings added in June in the Kamloops and District region, which was a decrease of 17.3% compared to the same month last year.
Overall inventory, or active listings, saw an increase of 1.7% increase compared to June 2022, coming in at 1,003. Inventory levels are still low relative to a few years ago.
The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes”, saw decreases in the single-family and townhome categories, with single-family home benchmark price dropping 9.5% to $651,700 and townhome benchmark price down 3.9% to $538,200, compared to June 2022. The benchmark price for condominiums increased a mild 0.4% in year-over-year comparison, coming in at $404,300.
Posted by Andrew Karpiak on
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