Within the Kamloops and District region, there were 235 residential unit sales recorded last month, up from the 215 recorded in April, yet down 13% compared to May 2024’s unit sales. There were 606 new listings recorded last month in the Kamloops and District region, which was a decrease of 1.1% compared to May 2024 yet up from April’s 528 new listings.
Overall inventory, or active listings, saw an increase of 4.9% in year-over-year comparison, coming in at 1,430 listings.
These numbers are below historical averages still. Properties that are competitively and realistically priced are seeing stronger activity, while those aiming for above-market returns are experiencing much slower movement if selling at all.
The benchmark price, a better representation of value compared to the average or median price as it represents a dwelling of “typical attributes”, saw percentage increases of 4.5% and 0.2% in the single-family and condominium housing categories compared to May 2024, coming in at $680,700 and $374,800 respectively. The benchmark price for townhomes saw a decrease of 2.6% in year-over-year comparison coming in at $525,100.
*Stats provided by the Association of Interior Realtors.
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