North Bay and Area REALTORS® Association

The number of homes sold through the MLS® System of the North Bay and Area REALTORS® Association totaled 58 units in December 2025. This was a gain of 11.5% (six sales) from December 2024.

Home sales were 14.2% above the five-year average and 7% above the 10-year average for the month of December.

On an annual basis, home sales totaled 1,212 units over the course of 2025. This was up modestly by 3.9% from 2024.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite/single-family benchmark price was $396,600 in December 2025, nearly unchanged, down only 0.3% compared to December 2024.

The average price of homes sold in December 2025 was $454,318, a minor decrease of 1.9% from December 2024.

The more comprehensive annual average price was $487,069, a small gain of 3.5% from all of 2024.

The dollar value of all home sales in December 2025 was $26.4 million, increasing by 9.4% from the same month in 2024.

The number of new listings saw a sharp decrease of 16.7% (eight listings) from December 2024. There were 40 new residential listings in December 2025.

New listings were 4.8% below the five-year average and 11.7% below the 10-year average for the month of December.

Active residential listings numbered 206 units on the market at the end of December, up sharply by 37.3% from the end of December 2024. Active listings haven’t been this high in the month of December in more than five years.

Active listings were 48.4% above the five-year average and 4.2% above the 10-year average for the month of December.

Months of inventory numbered 3.6 at the end of December 2025, up from the 2.9 months recorded at the end of December 2024 and below the long-run average of 3.8 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.