The Fraser Valley real estate market continued to see a surge in new listings this month, showing signs of a balancing market and providing much needed optimism for prospective homebuyers. The FVREB processed 2,580 of all property sales this month, a 22.5% decrease compared to this month last year.

The Board processed 2,580 sales of all property types on its Multiple Listing Service® (MLS®) in March 2022. 83 sales took place in Mission — a 27% increase from February 2022. 69 detached homes were sold in March 2022, compared to 90 in March 2021. The sales of townhomes saw a slight increase while the sales of apartments remained mostly the same.

Active listings in Mission for detached homes and townhomes increased by 61.7% and 275% respectively compared to this month last year.

Mission Real Estate Statistics

175 new listings in March 2022 compared to 140 in February 2022.

Sales of all property types in Mission increased by 27.3% compared to February 2022.

Mission’s Benchmark Price for detached homes in March 2022 was $1,285,200 compared to $887,500 in March 2021, a remarkable increase of 44.8%.

Do you have questions about buying or selling in today’s market, or are you wondering what your property is worth? Give me a call today at 604 302 0177! I look forward to hearing from you.

Latest statistics package here