MLS® home sales in North Bay and Area ease in September; active listings remain above historical norm for the month
The number of homes sold through the MLS® System of the North Bay and Area REALTORS® Association totaled 114 units in September 2025. This was a modest decline of 2.6% (three sales) from September 2024.
Home sales were 1.9% below the five-year average and 10.8% below the 10-year average for the month of September.
On a year-to-date basis, home sales totaled 945 units over the first nine months of the year. This was up modestly by 1.6% (15 sales) from the same period in 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 $441,000 in September 2025, a modest gain of 3.7% compared to September 2024.
The average price of homes sold in September 2025 was $512,767, an increase of 12.8% from September 2024.
The more comprehensive year-to-date average price was $496,918, a moderate gain of 4.5% from the first nine months of 2024.
The dollar value of all home sales in September 2025 was $58.5 million, increasing by 9.9% from the same month in 2024. The dollar volume of all homes sold hasn’t been this high in the month of September in five years.
The number of new listings saw an advance of 46% from September 2024. There were 219 new residential listings in September 2025. This was the largest number of new listings added in the month of September in more than a decade.
New listings were 35.7% above the five-year average and 31% above the 10-year average for the month of September.
Active residential listings numbered 431 units on the market at the end of September, up by 25.7% from the end of September 2024. Active listings haven’t been this high in the month of September in more than five years.
Active listings were 48.9% above the five-year average and 7.6% above the 10-year average for the month of September.
Months of inventory numbered 3.8 at the end of September 2025, up from the 2.9 months recorded at the end of September 2024 and above the long-run average of 3.2 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.
BOARD & ASSOCIATION INFORMATION
Established in 1957, the North Bay and Area REALTORS® Association represents approximately 160 REALTORS®. North Bay centers an area bound by Mattawa on the east, Verner on the west, Powassan on the south and Temagami on the north.
North Bay and Area REALTORS® Association
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For more information,
please contact:
Jolene Greer
Executive Officer
(705) 472-6812
eo@nbara.ca
Anita Kapitanchuk
