Lake Errock, Mission House Market Report – July 2021

In July 2021, the Lake Errock, Mission house real estate market is classified as a Strong Seller's Market with an absorption rate of 30%. It is currently a strong seller's market in Lake Errock, Mission, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

6 house properties sold in Lake Errock, Mission during July 2021 based on MLS® records. There were 20 active listings at the start of the month. A total of 5 new listings came to market during the month.

The average house sold price in Lake Errock, Mission in July 2021 was $751,667. Sold prices ranged from $243,000 to $998,000. Data is sourced from MLS® board records.

In July 2021, house properties in Lake Errock, Mission averaged 17 days on the market before selling. With an absorption rate of 30%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Lake Errock, Mission in July 2021 was $751,667, up 21.8% year-over-year compared to July 2020 ($617,000). Sales volume was down 14.3% compared to the same month last year. Data is sourced from MLS® sold records.