The Fraser Valley Real Estate Board recently published the MLS® statistics for the Mission real estate market, among others, for February 2025.
In this post, we’re going to take a close look at key numbers for the Mission condominium market for February 2025 – including sales, new listings, active listings, as well as benchmark, median and average prices for condominiums for sale in Mission.
We're also going to see what kind of shape the condominium market in Mission was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.
The combination of inventory accumulation and softening prices is providing buyers with increased leverage, especially in the single-family detached category. Should this pattern persist, we could see a further shift toward a buyer's market, particularly given the ongoing economic uncertainties and impending tariffs. With ample selection, buyers have flexibility and time on their side to explore their options before making a decision.
Baldev Gill – President, Fraser Valley Real Estate Board
And we're going to look at how the Mission MLS® numbers for February 2025 compare with the numbers for February 2024 and for January 2025.
Highlights of FVREB MLS® Data on Mission Condominium Listings and Sales
Here's a high-level snapshot of listing and sales activity for Mission condominiums in February 2025.
- 2 Sales
- 29 New Listings
- 51 Active listings
- $458,700 Benchmark Price
- $448,000 Median Price
- $448,000 Average Price
The sales-to-active-listings ratio netted out a market absorption rate of 3.92%, indicating that it was a Buyer's Market for condominiums in Mission in February 2025 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).
Please note: If you want the most accurate and up-to-date data on Mission MLS® listing and sales activity for condominiums, you need to speak with a real estate agent.
Mission Condominium Market Changes
Following are some of the highlights for condominiums for sale in Mission in February 2025:
- There were 2 condominium sales in Mission in February 2025 – a decrease of -85.71% over February 2024 and 0.00% over January 2025
- There were 29 new listings of condominiums in Mission in February 2025 – an increase of 16.00% over February 2024 and an increase of 38.10% over January 2025
- The average price of a condominium in Mission in February 2025 was $448,000 – an increase of 2.82% over February 2024 and a decrease of -3.97% over January 2025
If you're really keen to understand what happened in the market for condominium in Mission in February 2025, make sure you check out the next section.
Detailed Overview of the Market for Condominiums in Mission
Check out the table below for more detailed information on what happened in the Mission condominium market in February 2025 and see how it compares with the previous year and previous month.
Mission Condominium Stats
| Metric | Feb 2025 | Feb 2024 | % Change | Jan 2025 | % Change |
|---|---|---|---|---|---|
| Sales | 2 | 14 | -85.71% | 2 | 0.00% |
| New Listings | 29 | 25 | 16.00% | 21 | 38.10% |
| Active Listings | 51 | 38 | 34.21% | 32 | 59.38% |
| Benchmark Price | $458,700 | $443,500 | 3.43% | $457,400 | 0.28% |
| Median Price | $448,000 | $429,700 | 4.26% | $466,500 | -3.97% |
| Average Price | $448,000 | $435,728 | 2.82% | $466,500 | -3.97% |
Disclaimer
All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.
Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the Mission real estate market.
Or, better still, speak directly with a real estate agent who specializes in Mission condominiums who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Mission real estate market.