Prince George Real Estate Market Report

The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 358 units in September 2026. This was a small reduction of 2.7% (10 sales) from September 2025. Home sales were 4.9% above the five-year average and 8.7% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 3,148 units over the first nine months of the year. This decreased by 2.6% from the same period in 2025. “Sales and new listings were both trending at healthy levels in September. No record-setting figures in either case but still a solid showing that keeps our regional market on track for a positive fourth quarter,” said Vanita Des Mazes, Chair of the BC Northern Real Estate Board. “Inventories have been remarkably stable since the end of 2022 but looking through the seasonality, we’ve actually been seeing a market that has very slowly been tightening since that time. While we remain in balanced territory for the time being, if current trends persist we may see a pickup in price growth in the first half of next year.” 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 $439,300 in September 2026, a small gain of 1.1% compared to September 2025. The benchmark price for single-family homes was $458,400, increasing by 1.2% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $287,900, a modest gain of 1.3% compared to a year earlier, while the benchmark apartment price was $233,800, down by 6% from year-ago levels. The average price of homes sold in September 2026 was a record $475,042, a gain of 7.6% from September 2025. The more comprehensive year-to-date average price was $456,912, up modestly by 2.5% from the first nine months of 2025. The Board cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available over a vast geographic area (the Board serves an area covering over 600,000 square kilometers or 72% of the province). The dollar value of all home sales in September 2026 was $170.1 million, an increase of 4.7% from the same month in 2025. 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 a moderate gain of 5.8% from September 2025. There were 564 new residential listings in September 2026. New listings were 2.7% above the five-year average and 4.5% above the 10-year average for the month of September. Active residential listings numbered 2,093 units on the market at the end of September, increasing by 8.5% from the end of September 2025. Active listings haven’t been this high in the month of September in more than five years. Active listings were 3% above the five-year average and 1.5% below the 10-year average for the month of September. Months of inventory numbered 5.8 at the end of September 2026, up from the 5.2 months recorded at the end of September 2025 and above the long-run average of 5.6 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.