The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 406 units in August 2025. This was a small gain of 1.2% (five sales) from August 2024.
Home sales were 4.2% below the five-year average and 6.4% below the 10-year average for the month of August.
On a year-to-date basis, home sales totaled 2,867 units over the first eight months of the year. This increased by 2.7% from the same period in 2024.
“Home sales, although trending slightly below average, still remain at supportive levels,” said Victor Khong, Chair of the BC Northern Real Estate Board. “The same goes for new supply, and overall inventories are more or less stable as well. Stable might sound boring but given the tumultuous year we’ve had so far it is a welcome sight for our regional housing market. Average prices are up almost five percent so far this year compared to the same period in 2024, another positive sign of moderate but healthy activity.”
The average price of homes sold in August 2025 was $451,452, a modest gain of 2.3% from August 2024.
The more comprehensive year-to-date average price was $446,595, up by 4.7% from the first eight 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 August 2025 was $183.3 million, a minor increase of 3.5% from the same month in 2024.
The number of new listings saw a slight reduction of 0.2% (one listing) from August 2024. There were 588 new residential listings in August 2025. This was the lowest number of new listings added in the month of August in more than two decades.
New listings were 4.5% below the five-year average and 8.1% below the 10-year average for the month of August.
Active residential listings numbered 2,101 units on the market at the end of August, edging down 0.4% (nine listings) from the end of August 2024.
Active listings were 2% above the five-year average and 10.9% below the 10-year average for the month of August.
Months of inventory numbered 5.2 at the end of August 2025, down from the 5.3 months recorded at the end of August 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.
