After a sluggish spring, the Kamloops residential real estate market is showing encouraging signs of recovery, with June sales rising notably and inventory steadily increasing, according to local experts and recent data from the Association of Interior REALTORS®.

The Association reported 266 residential sales in the Kamloops and District region for June, up 11.8% compared to June 2024 and an increase over May’s 235 units sold. New listings also remained strong, with 560 recorded last month—an 8.9% increase year-over-year, though slightly lower than May’s 606 new listings. Overall active inventory grew 4% from last year, reaching 1,498 listings.

“This upward trend is a positive signal after a quieter start to the year,” said Kadin Rainville, President of the Association of Interior REALTORS®. “While sales are still below ideal historic levels, the market is steadily moving toward seasonal averages, supported by sufficient inventory to maintain momentum.”

Local realtor Quinn Pache of Royal LePage echoed the sentiment during a recent interview with Jeff Andreas. Pache noted that the first half of 2025 unfolded amid considerable uncertainty caused by shifting U.S. trade policies and global economic challenges, which tempered buyer enthusiasm.

“We expected volatility going in,” Pache said. “The Kamloops market has seen downward price adjustments and an influx of inventory. People are cautious, uncertain about tariffs and job security, so many buyers are waiting on the sidelines despite favorable interest rates.”

On the topic of how long homes are typically sitting on the market, Pache shared that the average time to sell a property ranges from about 45 to 60 days. “Some homes sell much faster—within five days—if they are priced aggressively and attract immediate interest,” he said. “Others can take longer, sometimes requiring multiple price reductions before receiving an accepted offer. It really comes down to the pricing strategy and how motivated the seller is to close.”

He added that the current timeframe is shorter than many expect and remains manageable for most buyers and sellers lining up their transactions. “For sellers who price realistically, the market is moving, but patience and strategy are key in this environment.”

Supporting these observations, the Association’s data shows that benchmark prices for single-family homes in Kamloops increased by 4.6% over last year to $682,200. Conversely, prices for townhomes and condominiums dipped slightly, by 0.6% and 2.3% respectively.

“Halley remains one of the hottest neighbourhoods in Kamloops, attracting buyers with its proximity to the university, trails, and strong rental potential,” Pache added.

Looking ahead, interest rates remain a key factor for buyers. While a potential rate cut later this year may encourage some, many are currently adopting a “wait and see” approach. “The urgency from rising rates earlier in the year has eased,” Pache said, “and buyers are hoping for lower mortgage rates, but fixed rates have remained relatively stable.”

With market activity gaining traction and inventory levels balanced, local realtors emphasize the importance of strategic pricing and professional guidance. “Selling or buying a home is a significant financial decision,” Rainville noted. “Working with an experienced REALTOR® can help clients navigate the market and achieve their goals.”

As Kamloops moves deeper into 2025, the real estate market appears poised for gradual stabilization, balancing buyer caution with renewed activity.