March ushered in the beginning of spring, but the real estate market in Mission, BC remained unseasonably cool—reflecting a broader trend across the Fraser Valley. With persistent economic uncertainty and pressure from U.S. tariffs, both buyers and sellers appear to be playing a waiting game.
According to the Fraser Valley Real Estate Board (FVREB), sales activity remained historically low, with just 1,036 properties changing hands across the board—up 12.6% from February but down 25.7% year over year. This marked the slowest start to a spring market in over 15 years.
Detached Homes in Mission
In Mission, detached home sales dropped 26.2% year-over-year, with only 31 homes sold in March 2025 compared to 42 in March 2024. However, sales rebounded compared to February’s 18 sales, marking a 72.2% monthly increase.
Benchmark Price: $1,064,400 (up 0.2% YoY, down 0.2% MoM)
Median Price: $1,050,000 (up 13.0% YoY)
Average Price: $1,075,852 (up 10.6% YoY)
New Listings: 96 (up 23.1% YoY)
Active Listings: 244 (up 51.6% YoY)
Townhouses in Mission
Townhouse sales were modest, with 6 units sold, a 40% decline from March 2024, but double the number sold in February. Inventory also increased sharply.
Benchmark Price: $668,500 (up 0.9% YoY, up 0.6% MoM)
Median Price: $709,900 (down 1.5% YoY)
Average Price: $670,283 (down 8.7% YoY)
New Listings: 17 (up 70% YoY)
Active Listings: 42 (up 61.5% YoY)
Apartments in Mission
Apartment sales were especially sluggish, with only 4 units sold, a 60% drop compared to March 2024, though double February’s total.
Benchmark Price: $455,800 (no change YoY, down 0.6% MoM)
Median Price: $534,000 (up 7.9% YoY)
Average Price: $543,225 (up 9.9% YoY)
New Listings: 22 (unchanged YoY)
Active Listings: 43 (up 30.3% YoY)
march 2025 mission homes statistics
Fraser Valley-Wide Trends
Across the Fraser Valley, prices saw only slight upward movement:
Composite Benchmark Price: $974,400 (up 0.4% MoM, down 3.5% YoY)
Detached Homes: $1,505,500
Townhomes: $833,700
Apartments: $540,900
While listing activity is increasing—inventory is now 49% higher than a year ago—the market remains firmly in buyer’s territory. The sales-to-active listings ratio sits at 11%, below the 12–20% range considered balanced.
“If not for the economic uncertainty driven largely by U.S. tariffs, we’d likely be seeing a typical strong spring market… Instead, we’re seeing a disconnect as sellers remain hesitant to lower their prices… while buyers… are either unable or unwilling to meet it.”
FVREB Chair Tore Jacobsen
With sales volume low but prices holding steady in Mission, the market seems to be at a standstill. Buyers face tighter lending conditions, while sellers appear reluctant to reduce pricing. If economic uncertainty continues, especially around tariffs, this pattern may persist into the late spring.
Navigating this kind of market takes strategy, experience, and local insight. If you’re thinking about buying or selling in Mission, let’s talk about the best timing and approach for your goals.
If you’re thinking about making a move — whether buying, selling, or just exploring your options — let’s connect. Call or text me any time at 604 302 0177. I’m here to help!