KAMLOOPS — The Kamloops real estate market is heating up with the mercury.
Kamloops and District Real Estate Association President Cyndi Crossley says residential sales were up eight per cent in March, compared to the same month last year.
Year-to-date, sales are up four per cent.
But Crossley says year-to-date inventory is down 28 per cent from the same time last year, meaning fewer homeowners are making the decision to list their properties.
Crossley says it’s hard to say why that is.
“This isn’t a Kamloops scenario only. This seems to be a province-wide issue, and I can’t really give an explanation as to why. It just seems to be that is what the trend is for B.C. right now,” said Crossley.
Crossley notes sellers who price their properties competitively can see them sell very quickly.
“The units that are priced right are going very quickly, and I think that is the reason that it is showing we have quite an increase in the number of units that are selling on a continual basis.”
