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 32 units in May 2026. This was down by 8.6% (three sales) from May 2025.

Home sales were 3.6% below the five-year average and 2.4% below the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 110 units over the first five months of the year. This was a substantial decrease of 21.4% from the same period in 2025.

“Home sales edged down compared to last year but remained at very supportive levels for our housing market, with a notable increase since the low at the beginning of the year,” said Curtis Yungen, President of the Powell River Sunshine Coast Real Estate Board. “New listings have receded from their peak last year and that’s helped to bring inventory down from historically elevated levels. If these trends persist, we might see our market climb back into balanced territory over the next few months.”

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 benchmark price was $562,100 in May 2026, down modestly by 2.4% compared to May 2025.

The benchmark price for single-family homes was $576,400, a minor decrease of 2.2% on a year-over-year basis in May. By comparison, the benchmark price for apartment units was $342,600, falling by 9.2% compared to a year earlier.

The average price of homes sold in May 2026 was $522,419, a large decline of 18.1% from May 2025.

The more comprehensive year-to-date average price was $581,562, decreasing by 8.2% from the first five months of 2025.

The dollar value of all home sales in May 2026 was $16.7 million, a sharp decrease of 25.1% from the same month in 2025.

The number of new listings was down sharply by 29.5% from May 2025. There were 62 new residential listings in May 2026.

New listings were 10.9% below the five-year average and 1.9% below the 10-year average for the month of May.

Active residential listings numbered 230 units on the market at the end of May, a substantial decrease of 17.9% from the end of May 2025.

Active listings were 10.9% above the five-year average and 34.5% above the 10-year average for the month of May.

Months of inventory numbered 7.2 at the end of May 2026, down from the 8 months recorded at the end of May 2025 and above the long-run average of 5.4 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.