Powell River Sunshine Coast Real Estate Board

The number of homes sold through the MLS® System of the Powell River Sunshine Coast Real Estate Board totaled 35 units in May 2025. This increased by 6.1% (two sales) from May 2024.

Home sales were in line with the five-year average and 3.3% below the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 141 units over the first five months of the year. This was a gain of 10.2% (13 sales) from the same period in 2024.

“Sales activity has remained relatively strong since the fall of last year but there’s been volatility from month to month,” said Curtis Yungen, President of the Powell River Sunshine Coast Real Estate Board. “May’s data came in with an upswing in sales and put activity back on par with long-term averages for this month. New supply coming onto the market remains well above average levels, which means inventory levels are still climbing and prices are essentially moving sideways for the time being.”

The average price of homes sold in May 2025 was $637,500, up by 20.1% from May 2024.

The more comprehensive year-to-date average price was $632,411, a minor increase of 3.9% from the first five months of 2024.

The dollar value of all home sales in May 2025 was $22.3 million, a sizable gain of 27.3% from the same month in 2024.

The number of new listings was up by 21.2% (14 listings) from May 2024. There were 80 new residential listings in May 2025. This was the largest number of new listings added in the month of May in more than 15 years.

New listings were 13% above the five-year average and 27.8% above the 10-year average for the month of May.

Active residential listings numbered 251 units on the market at the end of May, a gain of 23% from the end of May 2024. Active listings haven’t been this high in the month of May in a decade.

Active listings were 41.8% above the five-year average and 55% above the 10-year average for the month of May.

Months of inventory numbered 7.2 at the end of May 2025, up from the 6.2 months recorded at the end of May 2024 and above the long-run average of 4.9 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.