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HomeMarket Stats

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Market Statistics

Kamloops and District home sales start 2020 on strong note

   


The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association totaled 152 units in January 2020. This was down 3.2% (five sales) from January 2019 but was still among the better months of January on record.


“Home sales started 2020 on the same solid footing that marked the end of 2019,” said
Wendy Runge, President of the Kamloops and District Real Estate Association. “That said, while the balance of supply and demand in the market remains very much in seller’s territory, average sale price growth in the region has been on pause since last summer. We’ll see what happens as the spring market gets going, because ultimately current market conditions warrant strong price gains.”

The average price of homes sold in January 2020 was $412,626, edging up a small 0.3% from January 2019.


The dollar value of all home sales in
January 2020 was $62.7 million, edging down 2.9% from January 2019.


There were
275 new residential listings in January 2020, down 20.7% on a year-over-year basis and the lowest level for the month in 15 years.

Active residential listings numbered 867 units at the end of January. This was down 6.3% from the end of January 2019 and was very close to being a 25-year low.


Months of inventory numbered
5.7 at the end of January 2020, down a bit from the 5.9 months recorded at the end of January 2019 and just half the 10-year average of 11.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.


Sales of all property types numbered
158 units in January 2020, down 9.7% from January 2019. The total value of all properties sold was $64.5 million, decreasing by 10.8% from January 2019.


 

Read Kamloops'
Residential Sales Activity Charts:

2018 
2019
January 2020