Local Real Estate Market Still Hot Sellers Market
Residential real estate sales across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region still hot sellers market after record setting months, reports the Association of Interior REALTORS®.
Residential sales for the month of June for the entire Association region totalled 1,381, down from May’s 1,482 sales. The same area also saw a 32% increase in year-over-year comparisons, however that is still in comparison to the restrictive months of the pandemic.
“The market is still very much a hot market, maybe just not boiling hot anymore,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “like the weather this past week, it went from 40 plus degrees to a more comfortably warm 30 something degrees, which is still warm by all accounts.”
The supply of active residential listings increased from May’s 2,554 to 3,126 current listings across the Association region yet dropped 46% compared to June 2020.