Mission Market Update-August 2025

That’s the question I hear the most. And here’s the straight answer: the market has shifted. Buyers have more leverage than they’ve had in years, while sellers need sharper pricing and presentation to stand out.

This isn’t about the Fraser Valley as a whole. It’s about Mission. Let’s break down what happened in August (the newest stats available) and what it means for September.

Mission Market Overview – August 2025
Mission’s market is showing a clear tilt toward buyers. Homes are still selling, but only when they’re priced and presented properly. The overpriced or underprepared ones are sitting.

Think of it this way: the gap between “sold” and “stale” has widened. Sellers who are realistic are making moves. Those who aren’t are stuck.

Detached Homes – August 2025
Detached homes are still the backbone of Mission’s market. August numbers looked like this:

Sales: 38 – up more than 50% compared to last year, slightly stronger than July

New Listings: 75 – more than last year, fewer than July

Active Listings: 293 – higher than last year, slightly lower than July

Benchmark Price: $1,025,400 – down 2% year-over-year, down 0.7% from July

What it means: detached homes are moving, but only when the math makes sense to buyers. Anything clearly overpriced is ignored. The buyers coming to Mission want space and lifestyle, but they won’t pay last year’s prices just because a seller hopes for them.

Townhomes – Why They’re Struggling
August townhome stats show the weakness in this segment:

Sales: 8 – flat compared to July, slightly higher than last year

New Listings: 17 – down from July, up from last year

Active Listings: 49 – up from last year

Benchmark Price: $656,500 – down 4.1% year-over-year, down 1% month-to-month

What it means: townhomes in Mission are under pressure. Buyers are comparing them to Abbotsford’s newer, amenity-rich options, and resale townhomes here don’t always stack up. Sellers need aggressive pricing and strong presentation, otherwise buyers just head down the highway.

Condos & Apartments – Small but Important
Mission’s condo market is smaller, but it matters for affordability:

Sales: 6 – up from last year, but down almost 50% from July

New Listings: 9 – sharply down from last year and July

Active Listings: 41 – up from last year, down slightly from July

Benchmark Price: $434,700 – down nearly 6% year-over-year, down 1.5% from July

What it means: with such a small number of sales, prices bounce around. But the trend is softening values. First-time buyers and downsizers are the main players here. Sellers need to stand out because buyers have options across the Valley.

Buyers vs. Sellers – Who Has the Edge?
Right now, buyers are holding more of the cards. Detached homes give them room to negotiate, townhomes are oversupplied, and condos are softening.

But don’t mistake this for a fire sale. Well-priced, well-presented homes are still attracting strong offers. The difference is that buyers now have time and leverage — and sellers can’t bluff their way to a sale anymore.

Price too high? You’ll sit.

Present well and price realistically? You’ll get activity.

Overpriced listings are wallpaper on the MLS. If you want to move, you need a strategy that highlights value. This is where working with a Mission expert makes the difference.

If You’re Thinking of Buying in Mission
This is one of the most buyer-friendly markets we’ve seen in a while. Detached homes are negotiable, condos are softening, and townhomes come with leverage.

But waiting forever isn’t a strategy either. Interest rates, inventory, and affordability can shift fast. If you see something that fits, this is a good window to act while sellers are still motivated.

Final Takeaway
Mission’s market is shifting, but it isn’t collapsing. Detached homes remain the star, townhomes are struggling, and condos are easing down. Buyers have the edge right now, but sellers who adapt can still win.

Ignore the Valley-wide headlines — Mission plays by its own rules. And if you want the clearest picture of what those rules mean for you, talk to someone who works this market every day.

That’s me — Irene Kluska, your local REALTOR® here in Mission, BC.
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