Lake Errock, Mission House Market Report – January 2023

In January 2023, the Lake Errock, Mission house real estate market is classified as a Buyer's Market with an absorption rate of 4.8%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

3 house properties sold in Lake Errock, Mission during January 2023 based on MLS® records. There were 63 active listings at the start of the month. A total of 6 new listings came to market during the month.

The average house sold price in Lake Errock, Mission in January 2023 was $713,300. Sold prices ranged from $290,000 to $999,900. Data is sourced from MLS® board records.

In January 2023, house properties in Lake Errock, Mission averaged 23 days on the market before selling. With an absorption rate of 4.8%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Lake Errock, Mission in January 2023 was $713,300, down 26% year-over-year compared to January 2022 ($963,333). Sales volume was down 0% compared to the same month last year. Data is sourced from MLS® sold records.