Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 171 units in March 2026. This was a sharp decrease of 26% from March 2025.

Home sales were 36.4% below the five-year average and 45.7% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 415 units over the first three months of the year. This was down sharply by 29.2% from the same period in 2025.

“Home sales have been on a decline the past few months and overall supply levels are up, so our market has seen some softening and has slipped into buyer’s territory,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “While this will provide more opportunity to buyers and hopefully begin to entice them off the sidelines, a positive development has been the federal government’s legislation to transfer $1.7 billion to provinces to boost housing supply. BC’s Housing Minister is currently negotiating to ensure BC receives a fair share of these funds, specifically to offset development charges and infrastructure costs for local governments like Chilliwack.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $725,700 in March 2026, a modest decline of 3.1% compared to March 2025.

The benchmark price for single-family homes was $891,200, down modestly by 2.4% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $593,700, a decrease of 7.5% compared to a year earlier, while the benchmark apartment price was $406,100, a small reduction of 3% from year-ago levels.

The average price of homes sold in March 2026 was $746,907, essentially unchanged, down just 0.9% from March 2025.

The more comprehensive year-to-date average price was $736,428, a slight reduction of 0.6% from the first three months of 2025.

The dollar value of all home sales in March 2026 was $127.7 million, a substantial decline of 26.6% from the same month in 2025.

The number of new listings saw a sharp decrease of 11% from March 2025. There were 493 new residential listings in March 2026.

New listings were 15% below the five-year average and 15% below the 10-year average for the month of March.

Active residential listings numbered 1,196 units on the market at the end of March, up by 4.6% from the end of March 2025. Active listings haven’t been this high in the month of March in more than a decade.

Active listings were 18.2% above the five-year average and 30.6% above the 10-year average for the month of March.

Months of inventory numbered 7 at the end of March 2026, up from the 4.9 months recorded at the end of March 2025 and above the long-run average of 3.5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.