The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 411 units in May 2025. This was a substantial decrease of 16.5% from May 2024.
Home sales were 17.9% below the five-year average and 11% below the 10-year average for the month of May.
On a year-to-date basis, home sales totaled 1,540 units over the first five months of the year. This was a slight reduction of 0.1% (one sale) from the same period in 2024.
“Sales activity stepped down in May, departing from the momentum that had been building over the past two years,” said Victor Khong, Chair of the BC Northern Real Estate Board. “Although May’s activity was quieter compared to previous months, we’ve had periods where sales take a break from the trend and resume the next month or two months later. Our year-to-date activity is right on par with where it stood at the same time last year, which is still better off than where we were back in 2023.”
The average price of homes sold in May 2025 was $447,072, increasing by 6.9% from May 2024.
The more comprehensive year-to-date average price was $428,891, a modest gain of 3.2% from the first five months of 2024.
The Board cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available over a vast geographic area (the Board serves an area covering over 600,000 square kilometers or 72% of the province).
The dollar value of all home sales in May 2025 was $183.7 million, down sharply by 10.7% from the same month in 2024.
The number of new listings saw a minor increase of 2.4% from May 2024. There were 850 new residential listings in May 2025.
New listings were 1.2% above the five-year average and 2% above the 10-year average for the month of May.
Active residential listings numbered 2,066 units on the market at the end of May, a small reduction of 1.8% from the end of May 2024.
Active listings were 10% above the five-year average and 6.2% below the 10-year average for the month of May.
Months of inventory numbered 5 at the end of May 2025, up from the 4.3 months recorded at the end of May 2024 and on par with the long-run average of 5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
The BC Northern Real Estate Board is an association of over 410 REALTORS® that provides services to and sets standards for members.
The BC Northern Real Estate Board covers the northern part of British Columbia, including Bulkley Nechako, Cariboo, Fraser Fort George, Peace River/Fort Nelson, and Skeena/North Coast.
