Prince George Real Estate Market Report
Executive Summary
Dan BraunLocal expert · Prince GeorgeThe Prince George, British Columbia real estate market is currently classified as a balanced market. The MLS composite benchmark price is $438K, down 0.1% year-over-year.
There are currently 850 active listings, representing 4.4 months of inventory. According to BC Northern Real Estate Board, there were 496 sales and 809 new listings in June 2026. Inventory has increased 40.3% compared to last month.
Currently, listings spend an average of 87 days on market and the average price per square foot is $281.
Board Data vs Our Listings
| Metric | BC Northern Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $438K | $450K |
| Average Price | $458K | $687K |
| Active Listings | 2,158 | 850 |
| Detached Benchmark | $457K | $511K |
| Townhouse Benchmark | $284K | $379K |
| Apartment Benchmark | $257K | $379K |
Detached properties make up the largest share of the Prince George market at 90% of active listings with an average price of $511K. Condo listings follow at 10% (avg $379K).
Sales Activity & Absorption
Volume
Market Signals
BC Northern Real Estate Board reported 496 sales this period, 244 new listings appeared in the past month.
BC Northern Real Estate Board Monthly Report
The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 496 units in June 2026. This was a moderate gain of 4.6% from June 2025. Residential sales haven’t hit this level in the month of June in five years.
Home sales were 8.5% above the five-year average and 4.7% above the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 1,963 units over the first six months of the year. This decreased by 2.3% from the same period in 2025.
“Sales activity posted a solid showing in June, rising above the long-term averages for this month and recording the highest June level in five years,” said Vanita Des Mazes, Chair of the BC Northern Real Estate Board. “Our market has been showing signs of stability over the past few months, and June was another welcome addition to that trend. New and active supply are both trending at average levels and the market remains in balanced territory. Meanwhile, MLS® HPI Composite benchmark prices are still advancing year over year at very modest levels.”
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 $438,400 in June 2026, a slight gain of 0.1% compared to June 2025.
The benchmark price for single-family homes was $456,500, edging down 0.2% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $283,900, a modest decline of 1.2% compared to a year earlier, while the benchmark apartment price was $256,500, up by 15.7% from year-ago levels.
The average price of homes sold in June 2026 was $458,097, a modest decline of 3.5% from June 2025.
The more comprehensive year-to-date average price was $452,645, up modestly by 2.9% from the first six 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 June 2026 was $227.2 million, essentially unchanged, up just 0.9% from the same month in 2025. This was also a new record for the month of June.
The number of new listings saw a small gain of 2.3% from June 2025. There were 809 new residential listings in June 2026.
New listings were in line with the five-year average and 0.2% above the 10-year average for the month of June.
Active residential listings numbered 2,158 units on the market at the end of June, decreasing by 1.3% from the end of June 2025.
Active listings were 3% above the five-year average and 3.6% below the 10-year average for the month of June.
Months of inventory numbered 4.4 at the end of June 2026, down from the 4.6 months recorded at the end of June 2025 and below the long-run average of 4.8 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.
Source: BC Northern Real Estate Board, June 2026
Market Balance
Months of Inventory
Demand significantly outpaces new supply — expect competitive offers.
High absorption relative to inventory — tight market.
At 4.4 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| College Heights | 101 | $549K |
| Canoe Court | 70 | $569K |
| Ospika Landing | 68 | $679K |
| Parklane Garden Apartments | 64 | $953K |
| McGill Village | 50 | $542K |
| The Hart | 48 | $715K |
| College Heights Residential Park | 41 | $1.1M |
| Heritage Park | 17 | $552K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Prince George market currently has 850 active listings with a median price of $450K and 4.4 months of inventory.
According to BC Northern Real Estate Board, the composite benchmark price is $438K (-0.1% year-over-year). There were 496 sales recorded, with a sales-to-active listings ratio of 23.0%. This indicates a seller's market where demand outpaces supply.
- Prices declining (-36.4% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (87 avg days on market)
- Average price per square foot is $281
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from BC Northern Real Estate Board. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.