The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association totaled 242 units in September 2019. This was up 3.4% (eight sales) from September 2018 and stood in between the five and 10-year averages for that month.
On a year-to-date basis, home sales totalled 2,246 units over the first nine months of the year, down 7.1% from 2018.
“Home sales have been moderating from near-record levels a few years ago back to more average levels now,” said Wendy Runge, President of the Kamloops and District Real Estate Association. “That said, the slowdown in sales may be more of a supply story than a demand story, because inventories have been stuck at historically low levels for the last couple of years. The average sale price in the region is still on track for its biggest annual gain in 11 years, which would seem to confirm the supply story.”
The average price of homes sold in September 2019 was $408,996, up 2.4% from September 2018.
The more comprehensive year-to-date average price was $418,336, rising 7.9% from the first nine months of 2018.
The dollar value of all home sales in September 2019 was $99 million, up 5.9% from September 2018.