Prince George, B.C.- When it comes to buying or selling a home, it has become a buyer’s market in the B.C. Northern  region which includes Prince George.

 

Last month there was an 8.3% increase in the number of homes offered for sale, compared to June of 2009.

 

The year to date sales are up 21.5% over the first six months of last year, and the average price in the B.C. Northern region is up 4.6% over the same period in 2009. The average price was  $209,022 for the first six months of last year, during the same period this year, the average price was sitting at $218,580.

 

“Market conditions have shifted from balanced conditions at the start of the year to a buyers’ market this summer,” said Cameron Muir, BC Real Estate Association Chief Economist. In June, throughout the province there was 9.3 months of supply on the market given current sales activity, up from 5.6 months in January 2010. “Tighter credit conditions for homes with secondary suites and low equity home buyers have moderated consumer demand,” added Muir.