The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 335 units in March 2025. This was a gain of 18% from March 2024.
Home sales were 12.5% below the five-year average and 3.1% below the 10-year average for the month of March.
On a year-to-date basis, home sales totaled 764 units over the first three months of the year. This was up by 10.4% from the same period in 2024.
“Sales activity rose on a year-over-year basis in March, bringing levels almost back in line with historical averages for this time of year,” said Victor Khong, Chair of the BC Northern Real Estate Board. “The momentum in activity has been carrying forward for about two years now and showing no signs of stopping, while new listings have also been holding up well. As a result, overall supply levels have been trending sideways as demand has absorbed new inventory coming to market at a steady pace. Prices are moving up at a modest clip and the market balance continues to flirt with seller’s territory as our local housing market remains on solid ground.”
The average price of homes sold in March 2025 was $437,118, an increase of 4.3% from March 2024.
The more comprehensive year-to-date average price was $414,417, a small gain of 2.6% from the first three 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 March 2025 was $146.4 million, increasing by 23% from the same month in 2024.
The number of new listings saw a gain of 5.6% from March 2024. There were 660 new residential listings in March 2025.
New listings were 1% below the five-year average and 4.1% above the 10-year average for the month of March.
Active residential listings numbered 1,579 units on the market at the end of March, down modestly by 2.7% from the end of March 2024.
Active listings were 7.8% above the five-year average and 11% below the 10-year average for the month of March.
Months of inventory numbered 4.7 at the end of March 2025, down from the 5.7 months recorded at the end of March 2024 and below the long-run average of 5.5 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.
