BC Northern Real Estate Board

The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 476 units in June 2025. This increased by 11.7% from June 2024.

Home sales were 1.6% above the five-year average and 0.7% above the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 2,014 units over the first six months of the year. This was a modest gain of 2.4% from the same period in 2024.

“The past several months have seen activity see-sawing between increases and declines. June was back in positive territory, with sales rising from last year to more typical levels,” said Victor Khong, Chair of the BC Northern Real Estate Board. “The market is steadily chugging along at the moment and is generally positioned in balanced territory. A pause on interest rate movements and continuing uncertainty on the economic outlook appear to be tempering more activity that could be waiting below the surface, while price gains continue at their modest pace.”

The average price of homes sold in June 2025 was a record $475,268, up by 5.2% from June 2024.

The more comprehensive year-to-date average price was $439,940, a minor increase of 3.9% from the first six 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 June 2025 was $226.2 million, a sizable gain of 17.5% from the same month in 2024. This was also a new record for the month of June.

The number of new listings increased by 9.7% from June 2024. There were 767 new residential listings in June 2025.

New listings were 5.9% below the five-year average and 4.1% below the 10-year average for the month of June.

Active residential listings numbered 2,169 units on the market at the end of June, up only 0.2% (four listings) from the end of June 2024. Active listings haven’t been this high in the month of June in five years.

Active listings were 6.3% above the five-year average and 7% below the 10-year average for the month of June.

Months of inventory numbered 4.6 at the end of June 2025, down from the 5.1 months recorded at the end of June 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.