Courtesy of Pat Lanuke

Chilliwack and District Real Estate Board MLS ® home sales remain subdued in May

$428,800 apartment

$934,100 detached

UP 3.1% year-to-year

UP 2.8% year-to-year

$632,900 townhouse UP 2.3% year-to-year

610 NEW LISTINGS 181 SOLD LISTINGS

BENCHMARK PRICES

7.8 MONTHS OF INVENTORY

29.7% SALES TO NEW LISTING RATIO

1,415 ACTIVE LISTINGS (residential inventory)

Chilliwack, June 2025 - The number of homes sold through the MLS ® System of the Chilliwack and District Real Estate Board totaled 181 units in May 2025. “Sales momentum continued to wane in May as more buyers are moving to the sidelines,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “New listings are still coming onto the market at a steady pace, which means that inventories are continuing to build up and now stand at levels comparable to the beginning of 2015. Buyer confidence seems muted and MLS ® Benchmark Prices are wavering between small year-over-year declines and increases, indicating that the market is in a holding pattern until the outlook improves or becomes more certain.”

The overall MLS ® HPI composite benchmark price was $760,400 in May 2025, up 1.4% compared to May 2024. The benchmark price for single-family homes was $934,100, up 2.8% on a year over-year basis in May. By comparison, the benchmark price for townhouse/row units was $632,900, down 2.3% compared to a year earlier, while the benchmark apartment price was $428,800, increasing by 3% from year-ago levels. There were 610 new residential listings in May 2025. Active residential listings numbered 1,415 units on the market at the end of May. Months of inventory numbered 7.8 at the end of May 2025. Statistics reflect market activity in May 2025 | Source: Chilliwack and District Real Estate Board | Market values stated are of the benchmark of Chilliwack and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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