BC Northern home sales running near average levels in October
The number of homes sold through the MLS® System of the BC Northern Real Estate Board totaled 389 units in October 2019. This was a decrease of15.4%from a historically strong October in 2018 but was still above the 10-year October average and in line with the five-year average.
On a year-to-date basis, home sales totalled 3,637 units over the first 10 months of the year, down5.3%from the same period in 2018 but more generally pretty close to each of the last seven years.
“Home sales continued to run near average levels in October,” said Leah Mayer, President of the BC Northern Real Estate Board. “That said, the balance of supply and demand in the market is still tilted more towards the tighter side of balanced territory. As such, the average home price is on track for a gain of about 5% this year.”
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