Kamloops housing market slows as buyers anticipate another interest rate hike
KAMLOOPS — July’s real estate market statistics from the Interior Realtors Association show that residential sales were down 39 per cent compared to the same period last year, bringing the market close to pre-pandemic levels.
Inventory is accumulating; it’s up 125 per cent compared to last July. For the clients of Tracy Moffett, a local realtor, the homebuying process is a lot less stressful.
“With this market, it allows buyers to take their time, there’s more inventory for them to look at, and there’s not that frenzy to have to make an offer [or] have to make a decision very quickly,” said Moffett.