Home Trends from Nick Baer

NICK BAER

Home sales trending below average in August but still more resilient compared to the spring

BENCHMARK PRICE Detached $907,700

BENCHMARK PRICE Townhouse $621,600

ACTIVE LISTINGS 1,367

SOLD LISTINGS 194

Chilliwack, September 2025 - The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 194 units in August 2025. “Home sales in August were below their long-term averages, although looking through the seasonality sales have definitely picked up over the last three months,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Demand was tepid to start the year and dragged heavily through the spring before coming back to life in June. We’ve still got a long way to go before we’re back at what might be considered normal for our market but at least things are getting back on track. Sellers appear to have cooled from earlier in the year, which has given demand a bit of room to catch up, while overall inventories are no longer steadily rising.” The benchmark price for single-family homes was $907,700, a modest gain of 2.9% on a year-over year basis in August. By comparison, the benchmark price for townhouse/row units was $621,600, down modestly by 1.2% compared to a year earlier, while the benchmark apartment price was $410,500, a decrease of 6.7% from year-ago levels. There were 415 new residential listings in August 2025. Active residential listings numbered 1,367 units on the market at the end of August. Active listings haven’t been this high in the month of August in more than a decade. Months of inventory numbered 7 at the end of August 2025. Source: Chilliwack and District Real Estate Board (CADREB). 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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