Sales activity in Kamloops real estate market heated up in May

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“While new listing activity remains below last year’s levels, overall real estate activity across the Interior continues at a healthy and sustainable pace,” said AIR President Ryan Mayne. “The decline in new listings could, in part, reflect buyers’ continued demand for greater choice, with fresh inventory often being absorbed into sales relatively quickly after coming to market.”

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The benchmark price for a single-family home was $671,600 in May, a decrease of 0.4 per cent from the same month last year.

“Spring brought encouraging results for the Kamloops and District real estate market, as growing listing inventory helped fuel sales activity. The combination of healthy demand and improved supply has fostered a balanced market environment, providing greater flexibility and confidence for both buyers and sellers,” said Mayne.