The Kamloops residential real estate market is showing signs of balance and stability as it heads into the summer months, with rising inventory and stable prices, even as overall sales volume dips compared to last year.
New data from the Association of Interior REALTORS® reveals that 235 residential unit sales were recorded in the Kamloops and District region in May. That’s an increase from April’s 215 sales but represents a 13% decline compared to May 2024. At the same time, active listings have grown to 1,430, a 4.9% increase year-over-year. While new listings were down slightly by 1.1% from last May, they were still up month-over-month from April, indicating steady seller interest.
Kamloops real estate agent Quinn Pache of Royal LePage Kamloops Realty said the current market conditions reflect a shift from the ultra-competitive climate of previous years to a more balanced environment. “We’re not seeing a frenzied spring market like in previous years,” said Pache. “But what we are seeing is a really level and steady market—where homes are still selling, just not at the breakneck pace we saw during peak years.”
One of the clearest signs of that shift is how long homes are taking to sell. According to Pache, single-family homes in Kamloops are averaging about 48 days on the market right now. “That’s a significant change from the pandemic years when properties were sometimes gone in a day or less,” he said. “Right now, sellers should expect the full process to take two to three months, especially if they’re pricing aggressively.”
Despite the longer timelines, prices remain steady. The benchmark price for single-family homes in Kamloops rose 4.5% year-over-year to $680,700. Condominiums also saw a slight increase of 0.2% to $374,800, while townhomes experienced a 2.6% dip to $525,100. These numbers suggest that the market is holding its value even with fewer sales.
Pache emphasized that realistic pricing is essential in this environment. “Sellers who try to push their pricing too far above market value are seeing slower activity—and we’re actually seeing more price reductions now than we have in the last few years,” he explained. “The ones doing well are pricing competitively right out of the gate and getting ahead of the curve.”
That insight aligns with comments from Association of Interior REALTORS® President Kadin Rainville, who noted that, “Properties that are competitively and realistically priced are seeing stronger activity, while those aiming for above-market returns are experiencing slower movement.”
Looking ahead to the second half of the year, Pache said he expects the Kamloops market to stay balanced. “Barring anything crazy on the economic front, we’re likely to see a steady, stable market through the rest of 2025,” he said. “It’s still a great time to buy or sell—it just requires the right expectations and strategy. Kamloops remains a strong long-term investment.”
With summer approaching, wildfire season is always a factor that could influence market activity. However, Pache remains optimistic, saying, “If we get a calm fire season—and interest rates hold as expected—we should have a smooth, steady summer.”
For those thinking about listing their home, Pache’s advice is clear: understand the market and price smart. “Talk to your realtor and take a close look at what’s actually selling around you,” he said. “The sellers having the most success are the ones who understand the current market and don’t try to overreach. You want to sell your home, not just list it.”
Despite the slower pace, the Kamloops market is showing signs of health, balance, and resilience—making it an environment where informed buyers and sellers can still find success.
