BCREA: Provincial Housing Market Relatively Calm Heading into Spring

Vancouver, BC – March 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2024, an increase of 15.3 per cent from February 2023. The average MLS® residential price in BC in February 2024 was up 4.7 per cent at $987,798 compared to an average price of $943,574 in February 2023. The total sales dollar volume was $5.4 billion, an increase of 20.7 per cent from the same time in the previous year.

“The BC housing market is in a period of relative calm entering the spring,” said BCREA Chief Economist Brendon Ogmundson. “While activity is picking up, home sales remain below normal, and home prices have been essentially flat since last summer.”

Active listings are up 20.3 per cent over last year as a result of slower sales but also a recovery in new listings in January and February following a very slow year for listings activity in 2023. Last year was the slowest pace of new listing activity since 2005.

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

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

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

“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Kamloops District Real Estate Statistics For February 2024

The Association of Interior Realtors has released the latest Statistics for February 2024. Click on the image below to enlarge or PDF documents included in the links below.

Analysis of MLS Activity -  Kamloops District Real Estate Statistics Feb 2024

PDF: Analysis of MLS Activity – Feb 2024

Comparative Analysis by Property Type-  Kamloops District Real Estate Statistics Feb 2024

PDF: Comparative Analysis by Property Type – Feb 2024

Residential Sales by Sub-Area -  Kamloops District Real Estate Statistics Feb 2024

PDF: Residential Sales by Sub-Area – Feb 2024

Residential Sales by Sub-Area (Out of Town) - Feb 2024 Kamloops District Real Estate Statistics
Residential Sales by Sub-Area (Out of Town) - Feb 2024 Kamloops District Real Estate Statistics

PDF: Residential Sales by Sub-Area (Out of Town) – Feb 2024

Market Summary- Feb 2024 Kamloops District Real Estate Statistics

PDF: Market Summary – Feb 2024

Summary Statistics - Feb 2024 Kamloops District Real Estate Statistics
Summary Statistics - Feb 2024 Kamloops District Real Estate Statistics

PDF: Summary Statistics – Feb 2024

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here

BCREA: Housing Market Activity Picks Up to Start 2024

Vancouver, BC – February 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 3,979 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in January 2024, an increase of 29.4 per cent from January 2023. The average MLS® residential price in BC in January 2024 was up 10.5 per cent at $957,909 compared to an average price of $866,922, the low-point for average prices over the past two years. The total sales dollar volume was $3.8 billion, an increase of 42.9 per cent from the same time in the previous year.

“Home sales are on a clear uptrend to start 2024,” said BCREA Chief Economist Brendon Ogmundson. “A sharp decline in fixed mortgage rates and expectations for future Bank of Canada rate cuts is driving sentiment in the market and bringing pent-up demand off the sidelines.”

The total number of active listings, though up year-over-year, remains relatively low by historical standards. New listings activity has shown signs of normalizing following a down year in 2023. A steady pace of new inventory will be crucial in keeping markets balanced as sales accelerate.

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

If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.

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

“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.

Kamloops District Real Estate Statistics For January 2024

The Association of Interior Realtors has released the latest Statistics for January 2024. Click on the image below to enlarge or PDF documents included in the links below.

Analysis of MLS Activity - Jan 2024 Kamloops Real Estate Statistics

PDF: Analysis of MLS Activity – Jan 2024

Comparative Analysis by Property Type - Jan 2024Kamloops Real Estate Statistics

PDF: Comparative Analysis by Property Type – Jan 2024 

Residential Sales by Sub-Area - Jan 2024 Kamloops Real Estate Statistics

PDF: Residential Sales by Sub-Area – Jan 2024

Residential Sales by Sub-Area (Out of Town) - Jan 2024 Kamloops Real Estate Statistics
Residential Sales by Sub-Area (Out of Town) - Jan 2024 Kamloops Real Estate Statistics

PDF: Residential Sales by Sub-Area (Out of Town) – Jan 2024

Summary Statistics - Jan 2024 Kamloops Real Estate Statistics
Summary Statistics - Jan 2024 Kamloops Real Estate Statistics

PDF: Summary Statistics – Jan 2024

Market Summary - Jan 2024 Kamloops Real Estate Statistics

PDF: Market Summary – Jan 2024

For Previous Monthly, Quarterly & Annual Statistics click here.

To View our current listings click here

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