Courtesy of Shane Setter

Home sales remain subdued in March as tariff uncertainty weighs on consumers

$416,000 apartment

$909,300 detached DOWN 0.6% year-to-year

UP 1.0% year-to-year

$647,200 townhouse UP 3.0% year-to-year

539 NEW LISTINGS 233 SOLD LISTINGS

BENCHMARK PRICES

4.8 MONTHS OF INVENTORY

43.2% SALES TO NEW LISTING RATIO

1,130 ACTIVE LISTINGS (residential inventory)

Chilliwack, April 2025 - The number of homes sold through the MLS ® System of the Chilliwack and District Real Estate Board totaled 233 units in March 2025. “Home sales remained tepid in March following a lacklustre February, while stronger levels of listings hitting the market pushed inventory levels up further,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Recent tariff announcements from the U.S. Administration did not include any additional measures against Canada aside from those already in place on steel and aluminum and the recently imposed auto imports, so this may be a reprieve for consumers who were perhaps anticipating more severe actions. Regardless, some uncertainty is likely to remain in the market as buyers cautiously evaluate their next move.”

The overall MLS ® HPI composite benchmark price was $747,500 in March 2025, a slight reduction of 0.2% compared to March 2024. The benchmark price for single-family homes was $909,300, edging down 0.6% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $647,200, a modest gain of 3% compared to a year earlier, while the benchmark apartment price was $416,000, up modestly by 1% from year-ago levels. There were 539 new residential listings in March 2025. Active residential listings numbered 1,130 units on the market at the end of March. Months of inventory numbered 4.8 at the end of March 2025. Statistics reflect market activity in March 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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604.819.7601 | info@shanesetter.ca | www.shanesetter.ca

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