Home Sales Slip in North
Prince George, B.C.- The real estate market throughout Northern B.C. has cooled somewhat says the BC Real Estate Association.
According to the latest stats, the January to July numbers show a slight decline of 2.5% in the number of residential units sold within the Northern BC Real Estate Board region compared to the same period last year.
“Housing demand has moderated in many regions of the province, after setting records earlier in the year,” said Cameron Muir, BCREA Chief Economist.
Comparing just July to July, there were 427 sales last month compared to 474 sales in July of 2015, representing a decrease of 9.9%.
The year to date average selling price has also slipped slightly, with the average selling price in the first 7 months of this year being $263,240 dollars, down one tenth of a percent from the average selling price of $263,613 recorded in the first seven months of last year.