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HomeMarket Stats (old)

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Market Statistics

Kamloops and District housing market put on pause in April as society deals with historic public health crisis

   


The number of homes sold through the MLS® System of the Kamloops and District Real Estate Association totaled 120 units in April 2020. This was a decline of 55.9% from April 2019 and was one of the lowest level of sales on record for the month.

On a year-to-date basis, home sales totalled 681 units over the first four months of the year. This was a decrease of 17.7% from 2019.

“As was widely expected, home sales and new listings both came in well-below average levels in April as both buyers and sellers complied with government directives and public health measures to stay home and limit the spread of COVID-19,” said Wendy Runge, President of the Kamloops and District Real Estate Association. “That said, REALTORS® were deemed a non-health essential service to assist clients during this challenging time and have adopted new technologies to showcase properties and complete all necessary documents. When in-person viewings are necessary, strict sanitary protocols are implemented to protect the health and safety of clients.”


The average price of homes sold in April 2020 was $416,204; this was little changed, up only 0.3% from April 2019.

The more comprehensive year-to-date average price was $422,345;edging up2.1% from the first four months of 2019.

The dollar value of all home sales in April 2020 was $49.9 million, declining by 55.7% from April 2019.

There were 232 new residential listings in April 2020. This was a decline of 51.4% on a year-over-year basis.

Active residential listings numbered 956 units at the end of April. This was a decrease of 11.7% from the end of April 2019.

Months of inventory numbered 8 at the end of April 2020, up from the 4 months recorded at the end of April 2019 and well above the long-run average of 7.6 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 124 units in April 2020; this was a decline of 58% from April 2019. The total value of all properties sold was $50.5 million, declining by 58.6% from April 2019.


 

Read Kamloops'
Residential Sales Activity Charts:

2018 
2019
January 2020
February 2020
March 2020
April 2020