Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 189 units in April 2026. This was down by 17.5% from April 2025.

Home sales were 25.2% below the five-year average and 36.8% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 604 units over the first four months of the year. This was a substantial decrease of 25.8% from the same period in 2025.

“Sales and new listings both continued their downward trends in April, as buyers and sellers alike are taking a break from the local resale market,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Although the market balance is gradually shifting from buyer’s closer to balanced territory as fewer listings come online, overall inventories are still at their highest in about seven years. We have yet to see signs of a turnaround in our local market, with more uncertainty introduced over the course of last month on the general economic outlook.”

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 $733,000 in April 2026, down by 4.4% compared to April 2025.

The benchmark price for single-family homes was $900,000, a decrease of 4.3% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $600,600, a moderate decrease of 6.2% compared to a year earlier, while the benchmark apartment price was $414,000, falling by 3.1% from year-ago levels.

The average price of homes sold in April 2026 was $785,268, a moderate decrease of 4.3% from April 2025.

The more comprehensive year-to-date average price was $751,717, decreasing by 1.5% from the first four months of 2025.

The dollar value of all home sales in April 2026 was $148.4 million, a sharp decrease of 21% from the same month in 2025.

The number of new listings was down modestly by 2.6% (14 listings) from April 2025. There were 516 new residential listings in April 2026.

New listings were 6.8% below the five-year average and 5.8% below the 10-year average for the month of April.

Active residential listings numbered 1,285 units on the market at the end of April, an increase of 5.2% from the end of April 2025. Active listings haven’t been this high in the month of April in more than five years.

Active listings were 16.1% above the five-year average and 27.5% above the 10-year average for the month of April.

Months of inventory numbered 6.8 at the end of April 2026, up from the 5.3 months recorded at the end of April 2025 and above the long-run average of 3.9 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.