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.