Strong demand and low supply in the Kamloops real estate market continues to push prices upward.

The average price of a home was up more than 12 per cent last month compared to February of 2018, at $422,573 compared to $376,217 a year earlier.

Kamloops and District Real Estate Association president Doren Quinton says the lower-end of the Kamloops market is going up in price, and adds the pressure is on both ends of the market.

“We also last month saw six sales above the million mark, so that obviously has a little bit of impact on the upper end of single-family home market as well,” he says, adding there were zero sales above a million dollars in January.

“So both of those numbers combined contribute to bringing up that average price during the month.”

Quinton also says more than 12 per cent of homebuyers in Kamloops in the past 10 months have come from the Lower Mainland.