This coverage is from Terrace Standard and the original article can be found here.
It took less time to sell a house in Terrace and area for the first six months of this year compared to the same period in 2024, indicate figures for Multiple Listing Service (MLS) sales provided by the B.C. Northern Real Estate board.
While it took on average 46 days to sell a house this year, it took 61 days the year before.
At the same time 136 properties worth $72.1 million sold in the first six months of 2025 compared to 135 properties worth $59.7 million in the same period last year.
Half of the 84 single-family homes that sold from January to June this year went for less than $544,500 whereas half of the 70 single family homes that sold from January to June 2024 went for less than $524,500.
In addition to single family residences, five parcels of vacant land, three half-duplexes, and 12 homes on acreage sold in the first 6 months of the year.
Overall, Terrace ranked first at $557,850 among the 15 communities within the area of the B.C. Northern Real Estate Board for an average selling price of a single family detached home. That’s an increase from the $519,352 from January to June 2024.
Smithers was second at $555,759 and Prince George third at $531,595. The cheapest single family detached homes could be found in Fort Nelson where the average selling price was $189,423.
In Kitimat, 73 properties worth $31.6 million sold in the first six months of 2025, less than the 94 properties worth $34.1 million that sold during the same time period last year. Half of the 55 single-family homes sold so far this year sold for less than $401,000.
It took, on average, 58 days in Kitimat to sell a single family detached house through MLS from January to June this year, a significant decrease over the 84 days it took for the first six months of 2024.
Sales in Prince Rupert also dipped with 76 properties worth $36 million selling so far this year, compared to 82 properties worth $32.4 million in the first half of 2024. The median price of the 57 single-family homes that sold was $475,000.
As with Terrace and Kitimat, it took less time to sell a house in Prince Rupert at 58 days from January to June this year compared to the 90 days it took for the first six months of 2025.
In all, 2,345 properties sold through MLS in the first six months of 2025 within the B.C. Northern Real Estate Board area, up from the 2,281 sales reported in the first half of 2024. The value of these properties was $1 billion compared with $938 million in 2024.
Sales are predicted to hold steady but the real estate board notes that the ongoing impact of U.S. President Donald Trump’s tariff war may affect the northern B.C. economy.
