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Market Statistics

Kamloops and District home sales edge up year-over-year in September

   


 

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.

 

 

There were 355 new residential listings in September 2019. This was a 6.6% decline on a year-over-year basis.

 

Active residential listings numbered 1,243 units at the end of September. While this was up 9.6% from the end of September 2018, it was still about 500 listings below the 10-year average for this time of the year.

                    

Months of inventory numbered 5.1 at the end of September 2019, up slightly from the 4.8 months recorded at the end of September 2018 but still well below the 10-year average of 8.2 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 266 units in September 2019, a 6.4% gain from September 2018. The total value of all properties sold was $103.5 million, edging up 1.9% from September 2018.


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Residential Sales Activity Charts:

2018 
January 2019
February 2019
March 2019
April 2019
May 2019
June 2019
July 2019
August 2019
September 2019