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By Michael Reeve

REAL ESTATE MARKET

Kamloops real estate market sees increase of listings and sales in April

May 5, 2024 | 10:41 AM

KAMLOOPS — The real estate market in Kamloops saw a marked improvement in units sold and new listings in April.

In total 218 units were sold last month, an increase from the 174 units sold in March. The April figures is a slight decrease, 1.8%, from the April 2023 numbers.

The region also had 559 new listings, a 33.7% increase from April 2023 and more than 100 more than March of this year. Overall inventory, or active listings, saw an increase of 36.1% compared to April 2023, coming in at 1,236 listings.

Sales activity in the Kamloops and District region has picked up and is heading in the right direction,” says Association of Interior Realtors President Kaytee Sharun. “This could be a sign of a return of buyer and seller confidence after a sluggish start earlier in the year.”

“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 in single-family and townhome housing categories compared to April 2023, with 6.2% and 3.5% increases respectively; coming in at $664,300 and $548,600. The benchmark price for condominiums increased 1.2% in year-over-year comparisons, coming in at $373,400,” reads a press release from the Association.

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