Another real estate price record set in Kamloops last month.

The average single-family home sold for $545,238 in August. That’s an all-time high, and it’s a 12.4 per cent increase from August of 2019.

The average multi-family home, meanwhile, sold for $363,840, which is a four-and-a-half per cent increase from a year earlier.

“The pandemic has shown us some strange market behaviour this year. While we were prepared for a slow summer, sales in the region tell a different story,” says Wendy Runge, the president of the Kamloops and District Real Estate Association.

The trend from March and April of home sales being cut in half in the region – when the COVID-19 pandemic first arrived – is now long gone. There was a 34 per cent increase in the number of home sales last month (266) compared to August of 2019 (198).

Local realtors have maintained that there isn’t enough supply of suitable homes that people want to meet the number of buyers in the River City.