After the historic number of sales in 2021, 2022 brought back balance to the BC real estate market. Tools introduced by the BC Government included 7 interest rate hikes and new laws targeting housing affordability in BC, which resulted in a sales slow down for the majority of 2022.

 Mission Real Estate Statistics December 2022

Mission Real Estate Statistics December 2022

The Board processed 716 sales of all property types on its Multiple Listing Service® (MLS®) in December 2022. 27 sales took place in Mission — a 46% decrease from December 2021. 22 detached homes were sold in December 2022, compared to 43 in December 2021. The sales of townhomes decreased 57.1% compared to this month last year, and there were 2 sales of apartments in Mission in December 2022.

Active listings in Mission for detached homes and apartments increased by 254.8% and 350% respectively compared to this month last year.

New listings in December 2022 decreased 31% compared to this month last year.

Sales of all property types in Mission decreased by 18% compared to November 2022. 

Mission’s Benchmark Price for detached homes in December 2022 was $906,100, compared to $1,105,000 in December 2021, a decrease of 18%. 

Are you thinking of buying or selling your home? Contact me today! I’d be happy to answer any questions you have about the current market or schedule a complimentary home evaluation. You can reach me directly at 604 302 0177 or [email protected] – let’s talk.

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