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May 2019 Market Statistics 

June 2, 2019 by indybal Leave a Comment

With the first day of summer only three weeks away, the spring market is nearly wrapped up. We experienced a strong first quarter which has carried into the second with only a small dip in activity. Overall in comparing last year to 2019, we saw a nearly identical number of listings and sales in the month of May. Housing prices have continued to rise which was to be expected with the continuation of outside pressures and low interest rates. The big number that is different from this period last year, is the total number of available listings – which is a great thing for Buyers but a sign that things are beginning to slow down. The end of the hot ‘sellers market’ is in the horizon but my personal opinion, we won’t see a huge dip in prices / movement more of just an evened out pace which puts less pressure on both those looking to sell their home and those ready to purchase.

If you are ready to begin your home search, head on over to my listing notifications page and sign up to receive daily alerts when a new listing or price change happens.

Please don’t hesitate to give me a call on my cell if you have any questions about the Kamloops market and what these stats may mean for you.

  May 2018 May 2019
NEW LISTINGS 583 629
TOTAL SALES 347 355
AVG. RESIDENTIAL PRICE $473,000 $497,000
AVG. DAYS ON MARKET 40.92 42.33
ACTIVE LISTINGS 1188 1793

 

Filed Under: Market Reports Tagged With: average sale price, days on market, kamloops real estate stats, market trends, real estate

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