The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 452 units in July 2025. This was up by 6.6% from July 2024.
Home sales were 6.4% above the five-year average and 3.7% above the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 2,464 units over the first seven months of the year. This was a minor increase of 3.1% from the same period in 2024.
“Home sales in our region continued their upward momentum in July, while we’re also beginning to see the first signs of a possible decline in overall inventories as the market continues tightening,” said Victor Khong, Chair of the BC Northern Real Estate Board. “In other news, one development we’ve been keeping an eye one is the NorthStar project in Prince Rupert. This could serve as a blueprint for modular housing and more prefabricated construction elsewhere in the country as the federal government continues their push to get more supply on the market with their ambitious housing policies.”
The average price of homes sold in July 2025 was $470,919, a sizable gain of 10.5% from July 2024.
The more comprehensive year-to-date average price was $445,691, increasing by 5.2% from the first seven 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 July 2025 was $212.9 million, a gain of 17.8% from the same month in 2024. This was also a new record for the month of July.
The number of new listings was down modestly by 2.3% from July 2024. There were 667 new residential listings in July 2025.
New listings were 2.8% below the five-year average and 4.3% below the 10-year average for the month of July.
Active residential listings numbered 2,158 units on the market at the end of July, essentially unchanged, down just 0.1% (three listings) from the end of July 2024.
Active listings were 2.8% above the five-year average and 9.6% below the 10-year average for the month of July.
Months of inventory numbered 4.8 at the end of July 2025, down from the 5.1 months recorded at the end of July 2024 and below the long-run average of 5.6 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.
