The Fraser Valley real estate market continued to present favorable conditions for buyers in August, with a seasonal slowdown offering abundant choice and softer prices. This trend was mirrored in Mission, where both buyers and sellers are navigating a market that clearly favors the purchasing side.

The Fraser Valley Real Estate Board (FVREB) recorded 931 sales across the region in August, a significant drop of 22% from July and 13% year-over-year. The overall sales-to-active listings ratio dropped to 9%, further solidifying the buyer’s market, which is defined by a ratio below 12%. This means that for every 100 active listings, only 9 homes were sold, giving buyers more time and leverage in negotiations.

Tore Jacobsen, Chair of the FVREB, noted that current conditions “are allowing buyers the opportunity to make bold offers, especially for properties that have been on the market for a while and where sellers may be more motivated.” This is a key takeaway for anyone looking to enter the market.

Here’s a detailed look at the Mission real estate statistics for August 2025:

Detached Homes in Mission:

Sales: 38, a notable increase of 52% from August 2024 and 5.6% from July 2025. This suggests that while the overall market is slowing, detached homes in Mission are seeing some renewed interest.

New Listings: 75, up 23% from August 2024 but down 15.7% from July 2025.

Active Listings: 293, up 19.1% year-over-year and down 3.3% month-over-month.

Benchmark Price: $1,025,400. This is a 2% decrease from August 2024 and a 0.7% decrease from July 2025. The median price, at $949,000, saw an 8.5% increase year-over-year, while the average price, at $1,029,603, was up 9.6% year-over-year. These mixed signals in pricing indicate a market in transition, with some properties selling for higher-than-average prices while the overall benchmark continues to soften.

Townhomes in Mission:

Sales: 8, a 14.3% increase from August 2024 but no change from July 2025.

New Listings: 17, up 13.3% year-over-year but down 19% month-over-month.

Active Listings: 49, up 16.7% from August 2024 and 4.3% from July 2025.

Benchmark Price: $656,500, down 4.1% year-over-year and 1% month-over-month. The median price, at $669,500, was down 6.4% year-over-year, while the average price, at $684,250, saw a slight increase of 0.6% year-over-year.

Apartments/Condos in Mission:

Sales: 6, up 20% from August 2024 but down significantly by 45.5% from July 2025. This drop in sales volume suggests buyers are pulling back from this segment.

New Listings: 9, a sharp decrease of 43.8% from August 2024 and 40% from July 2025.

Active Listings: 41, up 17.1% year-over-year and down 6.8% month-over-month.

Benchmark Price: $434,700, down 5.9% year-over-year and 1.5% month-over-month. The median price was also down 3.9% year-over-year to $432,500, while the average price saw a modest increase of 3.1% year-over-year to $464,333.

What This Means for Buyers and Sellers

For buyers in Mission, the market is ripe with opportunity. The overall buyer’s market conditions, coupled with declining benchmark prices for all property types, create a favorable environment for negotiation. While sales for detached homes saw a boost, the general trend indicates a slower pace, giving you more time to find the right property and secure it on your terms.

For sellers in Mission, a strategic approach is essential. With inventory levels remaining stable and prices softening, realistic pricing is paramount. Properties that are priced competitively and well-presented are most likely to stand out and sell in this market.

As Baldev Gill, CEO of the FVREB, noted, “Some buyers who had been holding off are starting to recognize that waiting for greater certainty could mean missing opportunities, particularly in a market where conditions now clearly favour buyers.” This sentiment is particularly relevant for Mission, where a mix of price trends suggests a market in flux but with a clear advantage for those ready to act.

Ready to navigate the Mission market? Understanding these local statistics is the first step. If you’re looking for personalized insights or guidance on buying or selling in this unique market, I’m here to help.