Residential real estate sales across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region are still seeing a strong seller’s market, reports the Association of Interior REALTORS®.
“The market has slowed down slightly due to a chronic lack of inventory but it’s by no means slow,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “listings are at record lows and not replenishing to meet the high demand.”
In the month of August, residential sales for the entire Association region totalled 1,140, relatively on par with July’s 1,143 sales. The year-over-year comparison showed a decrease of 15% from August 2020’s total sales of 1,347.