Within the Kamloops and District region, 159 residential unit sales were recorded last month, up from the 140 recorded in January and an increase of 2.6% compared to February 2024’s unit sales. There were 336 new listings recorded in January in the Kamloops and District region, which decreased 13.2% compared to February 2024 and below January’s 398 new listings.
Overall inventory, or active listings, increased 7.5% year over year to 1,007 listings. This is still much lower than the record listing numbers we saw from 2010 to 2017.
The Kamloops and area market stats show a fairly balanced market with below-average numbers. Both sales and listings remain within historical norms. The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes,” saw a percentage decrease of 4.7% and 2.8% in the townhome and condominium housing categories compared to February 2024, coming in at $502,500 and $367,700 respectively. The benchmark price for single-family homes saw an increase of 0.7% in year-over-year comparison, coming in at $652,700.
*Stats provided by the Association of Interior Realtors.
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