Here is your May 2025 Market Update!
The Kamloops real estate market in May 2025 reflected the challenges and nuances of a market still adjusting to shifting buyer behavior and broader economic factors. While the region saw a modest increase in available listings, total sales activity continued to trend downward compared to this time last year.
Market Highlights
- 235 homes sold which is a 13% decrease from May 2024
- Total Dollar Volume reached $147.2 million, an 11% decrease year-over-year
- Active Listings rose by almost 5%, for a number of 1,430 properties, while new listings decreased by 1% since this time last year, which gave us a total of 606 new listings in May
These numbers suggest that while more properties are hitting the market, buyer activity has slowed—a trend that may offer opportunities for serious buyers to negotiate, but also puts pressure on sellers to price strategically.
Property Type Breakdown
Single-Family Homes
- Sales: 120 properties sold (down 14.9%)
- Benchmark Price: $680,700 (up 4.5%)
- Days to Sell: 48 days (down 12.7%)
- Current Inventory: 727
Townhomes
- Sales: 37 properties sold (up 12.1%)
- Benchmark Price: $525,100 (down 2.6%)
- Days to Sell: 41 days (up 4.0%)
- Current Inventory: 144
Apartments
- Sales: 27 properties sold (down 10.0%)
- Benchmark Price: $374,800 (up 0.2%)
- Days to Sell: 59 days (up 15.4%)
- Current Inventory: 199
Neighbourhood Trends
- Sahali and South Kamloops both saw significant growth in townhome sales
- Sun Peaks posted gains across all property types, led by an increase in apartment sales and strong average prices—showing its resilience as a sought-after recreational and lifestyle market.
- Westsyde and Brocklehurst remained active for single-family sales, with benchmark prices up over 4% in both areas.
- Juniper Ridge led the market in price growth for single-family homes, reaching a benchmark of $973,400.
ACTIVE LISTINGS
Key Takeaways
While the number of sales is down from last May, pricing remains relatively stable or rising in most categories—a sign that Kamloops continues to attract interest, even if buyers are moving more cautiously.
If you’re a homeowner considering selling, understanding how your property fits into this shifting landscape is key. And for buyers, more inventory and longer days on market could provide negotiating leverage this summer.
If you'd like a personalized market evaluation or want to discuss your real estate goals in this evolving market, don't hesitate to reach out. Contact Parker to get started today!
Stay tuned for next month’s market update!