Mission Market January 2024

Hey there! I've got some exciting news from the Fraser Valley real estate scene, especially for those of you eyeing Mission, British Columbia.

January 2024 turned the tide for us, folks! After what felt like a never-ending six months of dipping sales, we finally see an uptick. Not just that, but new listings? They more than doubled last month. It's been the biggest jump in new listings we've seen in five years, giving us a solid nudge of optimism.

And there's more good news. With sales climbing up, it feels like there's a renewed sense of hope buzzing through the air. It seems many of you are getting ready to jump back into the market, judging by the bustling open houses lately. We're also sitting pretty with a balanced market - our sales to active listings ratio hit 19%.
This means there's a fair playground for both buyers and sellers, with detached homes finding their sweet spot in balance, and townhomes and apartments still favoring the sellers a bit, but hey, it's all good news for everyone involved.

What's really great is how this balanced market gives everyone a bit more breathing room. Whether you're buying or selling, you've got more time to get those ducks in a row - think getting pre-approved, putting together offers, or taking a moment to really think through your next big move. And let's not forget, having a sharp REALTOR by your side can make all the difference in smoothing out those edges.

Lastly, even though overall prices have been inching down for the past six months, the slide was less than half a percent from December. So, if you've been on the fence about diving back into the market, now might be a great time to consider making a move. The vibe in Mission, BC, is hopeful, and there's a sense that we're all in this together, ready to make the most of the opportunities this balanced market is offering us. Let's chat soon and make those real estate dreams a reality!