The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 361 units in October 2025. This was a sharp decrease of 16.8% from October 2024.
Home sales were 5.1% below the five-year average and 9.1% below the 10-year average for the month of October.
On a year-to-date basis, home sales totaled 3,594 units over the first 10 months of the year. This was up modestly by 1.6% from the same period in 2024.
“Sales activity was down in October despite more active sellers compared to last year,” said Victor Khong, Chair of the BC Northern Real Estate Board. “The market has cooled a bit from the summer but that still only puts us back into balanced territory. Supply levels are holding steady for the moment, and heading into the last two months of the year we have a slight edge over 2024 in sales so far this year.”
The average price of homes sold in October 2025 was $445,753, an increase of 4.3% from October 2024.
The more comprehensive year-to-date average price was $445,886, a moderate gain of 4.5% from the first 10 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 October 2025 was $160.9 million, a substantial decline of 13.3% from the same month in 2024.
The number of new listings saw a gain of 8.5% from October 2024. There were 470 new residential listings in October 2025. This was the largest number of new listings added in the month of October in more than five years.
New listings were 4.3% above the five-year average and 3.5% above the 10-year average for the month of October.
Active residential listings numbered 1,682 units on the market at the end of October, down modestly by 1.6% from the end of October 2024.
Active listings were 0.6% below the five-year average and 12.5% below the 10-year average for the month of October.
Months of inventory numbered 4.7 at the end of October 2025, up from the 3.9 months recorded at the end of October 2024 and below 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.
