September 2025 Market Update: Interior, Kamloops, and Merritt

The latest numbers are in from the Association of Interior Realtors, and September 2025 proved to be another strong month across the region. Sales activity picked up compared to last year, with most areas showing healthy demand and steady pricing. Let’s break it down from the big picture across the Interior, then zoom into Kamloops, and finally look closely at Merritt.

The Interior: Strong Demand and Rising Volume

Across the Interior region, sales surged compared to September 2024:

• 1,242 residential sales – up 17.8% year-over-year

• $876.6M in sales volume – a 29% increase

• 9,853 active listings – essentially flat, down just 0.3%

• 2,643 new listings – up nearly 10%

📈 What it means: Buyer demand is outpacing last year’s levels, while supply remains relatively steady. That balance is keeping prices stable to slightly higher in many sub-markets.

Kamloops & District: Steady Prices, Rising Sales

In the Kamloops region (which includes Merritt, Logan Lake, Barriere, and surrounding areas), activity was brisk:

• 222 sales – up 23.3% year-over-year

• $138.8M in volume – up 26.8%

• 1,436 active listings – up 9.7%

• 440 new listings – up 5%

By housing type:

• Single-Family Homes: 110 sales (↑27.9%), benchmark price $661,900 (flat year-over-year).

• Townhomes: 35 sales (↑29.6%), benchmark price $508,600 (down 3.2%).

• Apartments: 28 sales (↑27.3%), benchmark price $378,600 (up 3%).

💡 Takeaway: Buyers are active in all categories. Townhomes have softened slightly, condos are inching up, and detached homes remain steady. Inventory is trending higher, which gives buyers more options heading into fall.

Merritt: Affordability and Steady Opportunity

Closer to home, Merritt posted a stronger month than last September, though overall volumes remain smaller compared to Kamloops:

• 5 single-family sales (↑66.7%), benchmark price $456,100 (flat year-over-year).

• 1 townhouse sale, benchmark price $370,100 (down 0.6%).

• 1 apartment sale, benchmark price $288,100 (up 4.2%).

🏡 What it means: Merritt remains one of the most affordable real estate markets in the Thompson-Okanagan, with detached homes averaging well under $500,000 compared to Kamloops at $660,000+. This affordability, combined with steady demand for condos and entry-level properties, makes Merritt an attractive option for first-time buyers, investors, and families looking for value.

Final Thoughts

• Buyers: Merritt continues to offer strong affordability and value compared to surrounding cities.

• Sellers: Demand is healthy, and with proper pricing and marketing, homes can move quickly.

• Investors: Entry-level condos and homes in Merritt show strong rental potential relative to purchase price.

The fall market is shaping up to be active, with buyers and sellers both benefiting from more balanced conditions.

Questions About the Market?

If you’re curious about what these numbers mean for your own plans — whether buying your first home, looking for an investment property, or selling in Merritt — I’d be happy to walk you through it.

📞 Jared Thomas – Real Broker
🌐 www.movingtomerritt.ca
📧 jared@movingtomerritt.ca

Helping families buy and sell in the Nicola Valley since 2019.