Q2 2026 Real Estate Market Update: Merritt, Logan Lake & Kamloops District

The no-nonsense quarterly update for buyers, sellers, and anyone wondering what the heck the market is actually doing.

If you've heard someone say "the market's dead" while someone else insists "everything's selling," the truth sits somewhere in the middle.

Q2 2026 was a balanced market. Homes continued to sell, buyers had more room to negotiate than they did a few years ago, and prices remained remarkably steady across much of the Kamloops District. In short, the market isn't booming—but it certainly isn't busting either.

Let's break down what happened across the region, then zoom in on Merritt and Logan Lake.

Kamloops & District: The Big Picture

During the second quarter of 2026, the Kamloops & District market continued to stabilize.

Here's what happened across the region:

• 738 residential sales (up 3.4% from Q2 2025)

• $456.2 million in total sales volume (essentially unchanged from last year)

• 1,641 new listings (down 3.1%)

• 1,481 active listings at the end of June (down 1.1%)

What does that actually mean?

Think of it like this:

There are still buyers looking.

There are still sellers selling.

But neither side feels rushed.

The report notes that buyers are taking longer to make decisions and are more willing to walk away if something doesn't feel right. Homes sitting on the market for extended periods are also receiving extra scrutiny from buyers.

Translation?

Pricing and presentation matter more than ever.

The Market Is Finally Feeling... Normal

One of the more interesting takeaways from the report is that Kamloops has settled back into what many would consider a "normal" market.

The sales-to-new-listings ratio has hovered around 50%, inventory has stabilized at just under six months of supply, and prices have returned to modest year-over-year growth instead of the wild swings we experienced during the pandemic.

For buyers, that's good news.

For sellers, it means you can still sell your home—but simply putting a sign on the lawn isn't enough anymore.

Kamloops by Property Type

Detached Homes

Detached homes continue to lead the market.

• 371 sales

• Benchmark price: $684,300 (+1.2%)

• Average days to sell: 49

• Inventory: 663 homes

Detached homes remain the property buyers want most.

Townhomes

Townhomes had:

• 98 sales

• Benchmark price: $506,500 (-5.8%)

• 54 days to sell

• Inventory up 16.2%

More inventory means buyers have more choice—and a little more negotiating power.

Apartments & Condos

Condo activity stayed relatively stable.

• 86 sales

• Benchmark price: $373,800

• 57 average days on market

Nothing dramatic here—just a steady market.

Merritt Market Update

Now let's get to the part most of you came here for.

Detached Homes

Merritt finished Q2 with:

• 24 detached home sales

• Benchmark price: $485,200

• Prices up 1.8% year-over-year

Sales were down compared to last year, but prices continued to edge upward.

That's an important distinction.

Fewer homes changing hands doesn't automatically mean values are dropping.

In Merritt's case, buyers are still willing to pay fair market value for well-priced homes.

Townhomes

Townhome activity remained quiet.

• 1 sale

• Benchmark price: $322,600

With such a small number of sales, it's difficult to draw any major conclusions, but pricing continues to remain fairly stable.

Apartments

Apartments saw:

• 1 sale

• Benchmark price: $279,400

Again, this is a very small sample size, but affordability continues to make Merritt attractive to investors and first-time buyers.

Logan Lake Market Update

Logan Lake continues doing what Logan Lake usually does—quietly plugging along.

Detached homes finished the quarter with:

• 14 sales

• Benchmark price: $488,000

• Prices up 1.4%

Apartment sales were limited, with three sales recorded and a benchmark price of $179,000.

Because Logan Lake is a much smaller market, monthly and quarterly numbers can swing quite a bit. Looking at longer-term trends paints a clearer picture—and that picture continues to show a market that's holding its value.

Why Merritt and Logan Lake Keep Showing Up on Vancouver Buyers' Radar

Here's something I hear almost every week.

"We've been looking around Vancouver...how much house can we actually get in Merritt?"

The answer surprises a lot of people.

The average detached benchmark price sits around:

• Kamloops: $684,300

• Merritt: $485,200

• Logan Lake: $488,000

That's nearly $200,000 in savings compared to buying in Kamloops alone—and significantly more when compared to many communities in the Lower Mainland.

But affordability isn't the only reason people relocate.

Many buyers from Vancouver and the coast are looking for:

• More yard.

• Less traffic.

• Easier access to lakes, hiking and fishing.

• A slower pace of life.

• The ability to own a detached home without stretching every dollar.

Merritt and Logan Lake continue checking those boxes. Browse homes in Merritt: HERE

Looking Ahead

The report expects the market to remain relatively steady through the summer. Buyers are adapting to today's interest rates, but economic uncertainty continues to keep confidence somewhat cautious.

Longer term, there are reasons for optimism.

Major projects—including the Highland Valley Copper extension near Logan Lake and the proposed West Coast Pipeline—could bring significant investment and employment to the region if they proceed through the approval process.

While it's too early to predict their full impact, they're certainly worth keeping an eye on.

What This Means If You're Buying or Selling

Buyers

This is probably the healthiest buying environment we've seen in several years.

• More negotiating room.

• Stable prices.

• Better selection.

• Less pressure to make split-second decisions.

Sellers

Good homes are still selling.

The difference today is that buyers have choices.

If your home is priced well and shows well, you'll attract attention.

If it's overpriced, buyers aren't afraid to move on to the next listing.

Final Thoughts

The second quarter of 2026 wasn't flashy—and honestly, that's not a bad thing. Want to see how it matches up with the Q1 report? Click HERE

Markets don't have to be booming to be healthy.

Kamloops remains balanced.

Merritt continues to offer some of the best value in the region.

Logan Lake quietly keeps proving it's more than just a mining town—it's becoming an increasingly attractive option for buyers looking for affordability and lifestyle.

If you're wondering what these numbers mean for your home or your buying plans, I'd be happy to help you sort through them.

Sometimes the statistics tell one story.

Your situation tells another.

Want to learn more about WHY people choose Merritt? Check out this video: Top 5 Reasons To Move To Merritt