Demand for MLS® listed homes in North Bay and Area remains soft in October
The number of homes sold through the MLS® System of the North Bay and Area REALTORS® Association totaled 124 units in October 2025. This increased by 25.3% from October 2024.
Home sales were 14.8% above the five-year average and 7.5% above the 10-year average for the month of October.
On a year-to-date basis, home sales totaled 1,068 units over the first 10 months of the year. This was a modest gain of 3.8% 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 $429,000 in October 2025, increasing by 2.1% compared to October 2024.
The average price of homes sold in October 2025 was $448,737, nearly unchanged, up only 0.1% from October 2024.
The more comprehensive year-to-date average price was $491,139, a minor increase of 3.8% from the first 10 months of 2024.
The dollar value of all home sales in October 2025 was $55.6 million, a sizable gain of 25.4% from the same month in 2024.
The number of new listings saw a substantial gain of 49.6% from October 2024. There were 187 new residential listings in October 2025. This was the largest number of new listings added in the month of October in more than 25 years.
New listings were 33% above the five-year average and 35.2% above the 10-year average for the month of October.
Active residential listings numbered 368 units on the market at the end of October, an advance of 31.4% from the end of October 2024. Active listings haven’t been this high in the month of October in more than five years.
Active listings were 49.1% above the five-year average and 8.5% above the 10-year average for the month of October.
Months of inventory numbered 3 at the end of October 2025, up from the 2.8 months recorded at the end of October 2024 and on par with the long-run average of 3 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
