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Mission Detached Home Update for May 2022

Following are some of the highlights for detached homes in Mission in May 2022:

  • There were 40 detached home sales in Mission in May 2022 – a change of -55.06% over May 2021 and a change of -25.93% over April 2022
  • There were 109 new listings of detached homes in Mission in May 2022 – a change of 0.00% over May 2021 and a change of -16.15% over April 2022
  • The average price of a detached home in Mission in May 2022 was $1,180,903 – a change of 22.74% over May 2021 and a change of -1.74% over April 2022

The sales-to-active listings ratio netted out a market absorption rate of 19.51%, indicating a Balanced Market for detached homes in Mission in May 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Mission Detached Home Market Update May 2022.

Mission Townhouse Update for May 2022

Following are some of the highlights for townhouses in Mission in May 2022:

  • There were 7 townhouse sales in Mission in May 2022 – a change of -12.50% over May 2021 and a change of 0.00% over April 2022
  • There were 11 new listings of townhouses in Mission in May 2022 – a change of 57.14% over May 2021 and a change of -56.00% over April 2022
  • The average price of a townhouse in Mission in May 2022 was $663,571 – a change of 11.41% over May 2021 and a change of -17.84% over April 2022

The sales-to-active listings ratio netted out a market absorption rate of 35.00%, indicating a Seller's Market for townhouses in Mission in May 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Mission Townhouse Market Update May 2022.

Mission Condominium Update for May 2022

Following are some of the highlights for condominiums in Mission in May 2022:

  • There were 6 condominium sales in Mission in May 2022 – a change of -40.00% over May 2021 and a change of -33.33% over April 2022
  • There were 14 new listings of condominiums in Mission in May 2022 – a change of 250.00% over May 2021 and a change of -17.65% over April 2022
  • The average price of a condominium in Mission in May 2022 was $561,650 – a change of 56.41% over May 2021 and a change of 12.50% over April 2022

The sales-to-active listings ratio netted out a market absorption rate of 25.00%, indicating a Seller's Market for condominiums in Mission in May 2022 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.

Full details here: Mission Condominium Market Update May 2022.

*Disclaimer*

All of the data for the monthly real estate market updates are taken directly from the 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 FVREB’s current statistics package.

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