January Real Estate statistics are now in and the general trend of a very tight market has continued. Current active listings for the City of Prince George are at 213. The only time we have had very lisings is in January 2007 when we had 204 active listings. The number of new listings in January was also very low at just 93 new listings. Again only once have we seen a month with fewer listings and that was in January of 2006.
The median sale price for houses in the city rose year over year from $234,000 to $243,000.
The general sense in the market place is we will continue to have low inventory of houses for sale relative to past years which should continue to put upward pressure on pricing.