With a growing population and a thriving economy, Kamloops has become an attractive destination for homebuyers and investors seeking affordability and quality of life.
Let’s delve into the numbers to understand the pulse of Kamloops’ real estate market for the past month:
- Total Sales Volume: In February, we saw increase in total sales volume in the strata category compared to the previous month and year. Single family was fairly on par with last year but with a small increase from last month . Despite seasonal fluctuations, sales continue to show consistency indicating sustained demand from buyers.
- Average Home Prices: The average selling price of residential properties in Kamloops experienced a slight uptick in February across all categories.
- Housing Inventory: Inventory levels are increasing compared the previous 4 years but we may be seeing a return to what was historically normal seasonal inventory numbers.
- Days on Market: Properties in Kamloops continued to move swiftly in February, with the average days on market remaining low. This indicates strong buyer interest especially in sought-after neighborhoods or property types.
Stay tuned for our next update as we continue to track the evolving trends and opportunities in Kamloops’ real estate market. Until then, happy house hunting in the beautiful city of Kamloops!
Leave a Reply