The Fraser Valley real estate market continued its seasonal slowdown in July 2025, offering home buyers an ideal environment. However, a persistent gap between buyer and seller price expectations continues to suppress sales. In July, the Fraser Valley Real Estate Board recorded 1,190 sales on its Multiple Listing Service® (MLS®). This was down half a per cent from June and down three per cent year-over-year. July sales were also 23 per cent below the 10-year average.
Fraser Valley Market Dynamics: Buyer’s Market Continues
The supply of homes for sale dipped slightly in July. It was down two per cent from June to 10,650. This figure remains nearly 50 per cent above the 10-year seasonal average. New listings also declined five per cent over June to3 3,453. The Fraser Valley remains in a buyer’s market with an overall sales-to-active listings ratio of 11 per cent. A balanced market typically falls between 12 per cent and 20 per cent.
Tore Jacobsen, Chair of the Fraser Valley Real Estate Board, highlighted the efforts sellers are making. “Home sellers are having to work harder than they did a year or two ago,” he noted. “In a market where buyers are cautious and have ample choice, successful sellers are going the extra mile… and most importantly, pricing their homes realistically for the current market conditions.”
Across the Fraser Valley in July, the average number of days to sell both a single-family detached home and a condo was 38 days. Townhomes took, on average, 35 days to sell.
The composite Benchmark price in the Fraser Valley decreased 0.7 per cent in July, to $944,800.
Spotlight on Mission: A Closer Look at Local Trends
Mission’s real estate landscape largely mirrors the broader trends seen across the Fraser Valley. As a Mission home buyer or seller, understanding these local specifics is key.
Here’s a detailed look at Mission real estate statistics for July 2025:
Detached Homes in Mission:
- Sales: 32
- Down 14.8% from July 2024 (37 sales).
- Down 13.5% from June 2025 (37 sales).
- New Listings: 88
- Up 1.1% from July 2024 (87 new listings).
- Down 6.4% from June 2025 (94 new listings).
- Active Listings: 296
- Up 24.9% from July 2024 (237 active listings).
- Up 1.7% from June 2025 (291 active listings).
- Benchmark Price: $1,023,100
- Down 3.2% from July 2024 ($1,057,000).
- Down 0.4% from June 2025 ($1,026,700).
- Average Price: $1,019,258
Townhomes in Mission:
- Sales: 5
- Down 50.0% from July 2024 (10 sales).
- Down 16.7% from June 2025 (6 sales).
- New Listings: 11
- Down 26.7% from July 2024 (15 new listings).
- Down 8.3% from June 2025 (12 new listings).
- Active Listings: 44
- Up 15.8% from July 2024 (38 active listings).
- Unchanged from June 2025 (44 active listings).
- Benchmark Price: $651,600
- Down 3.9% from July 2024 ($677,900).
- Down 1.2% from June 2025 ($659,600).
- Average Price: $653,000
Apartments/Condos in Mission:
- Sales: 6
- Up 20.0% from July 2024 (5 sales).
- Down 33.3% from June 2025 (9 sales).
- New Listings: 10
- Down 47.4% from July 2024 (19 new listings).
- Down 9.1% from June 2025 (11 new listings).
- Active Listings: 47
- Up 20.5% from July 2024 (39 active listings).
- Down 4.1% from June 2025 (49 active listings).
- Benchmark Price: $449,700
- Down 1.9% from July 2024 ($458,500).
- Down 0.8% from June 2025 ($453,200).
- Average Price: $498,500
Benchmark prices for all Mission property types saw a slight decrease in July 2025, indicating a continued adjustment in the market.
What This Means for Buyers and Sellers
For buyers in Mission, the current market presents unique opportunities. While sales activity has softened, the continued high inventory, especially for detached homes, means more choices and potential for negotiation. This is an opportune time to explore Mission homes for sale and potentially secure a property on favorable terms.
For sellers in Mission, realistic pricing is more critical than ever. In a market where buyers are cautious and have ample options, properties priced strategically and presented well are more likely to attract interest and sell.
Ready to Navigate the Mission Market?
Understanding these real estate statistics and market nuances is the first step to making informed decisions. If you’re looking for personalized insights into Mission home values or guidance on navigating the current real estate market, don’t hesitate to reach out. I’m here to help you understand the numbers and make informed decisions.
Bob McLean Your Trusted Mission Real Estate Professional 604-302-0177; [email protected]