Kamloops District Real Estate Associations Statistics For May 2021

The Kamloops District Real Estate Association has released the latest Statistics for May 2021. Click on the image below to enlarge or PDF documents included in the links below. Comparative Analysis - May 2021 PDF: Comparative Analysis – May 2021 MLS Activity - May 2021 PDF: MLS Activity – May 2021 Sales by Sub Area - May 2021 Sales by Sub Area – May 2021 Sale by Sub-Area Out of Town - May 2021 Sale by Sub-Area Out of Town - May 2021 PDF: Sale by Sub-Area Out of Town – May 2021 For Previous Monthly, Quarterly & Annual Statistics click here. To View our current listings click here.

BCREA Housing Market Update May 2021

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the April 2021 statistics in it’s latest Housing Market Update for May 2021.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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Provincial Housing Market on a Record-Setting Pace: BCREA 2021 Second Quarter Housing Forecast

Vancouver, BC – May 5, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 Second Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 33.6 per cent to 125,600 units this year, after recording 94,013 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 20.3 per cent to 100,150 units.

“Home sales across the province are on pace to shatter previous records,” said Brendon Ogmundson, BCREA Chief Economist. “However, there are early signs that markets are calming from the frenetic pace of recent months and could balance out over the second half of this year.”

Many markets, especially those outside of major metro areas, remain very low on supply. As a result, market conditions are extraordinarily tight and prices are rising rapidly. We are forecasting a 14.3 per cent rise in the MLS® average price this year, followed by a further 3.1 per cent in 2022.

Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.

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To search for Kamloops real estate and homes for sale click here.

BC Markets Calming but Sales Still on Record Pace, BCREA

Vancouver, BC – May 12, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 13,683 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in April 2021, an increase of 312.3 per cent over April 2020 when the onset of the COVID-19 pandemic prompted a lockdown of the provincial economy. The average MLS® residential price in BC was $946,606, a 29.1 per cent increase from $733,330 recorded in April 2020. Total sales dollar volume was $12.9 billion, a 432.2 per cent increase from last year.

“Although provincial home sales were down slightly from an all-time high in March, sales activity was the highest on record for April,” said BCREA Chief Economist Brendon Ogmundson. “Home sales continue on a record pace, though we do see a calming environment compared to the frenzied activity of recent months.”

Total active residential listings were down 14.5 per cent year-over-year in April but did tick higher on a seasonally adjusted basis for the second consecutive month as new listings activity ramped up.

“We are starting to see very strong new listings activity in several markets,” said Ogmundson, “however, it will take quite some time for total listings to return to the level needed to balance out markets and temper growth in home prices.”

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