Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 181 units in July 2026. This was a large decline of 14.2% from July 2025.

Home sales were 7.5% below the five-year average and 27.3% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 1,206 units over the first seven months of the year. This was a substantial decline of 17.3% from the same period in 2025.

“Although sales have seen a bit of an upward swing over the past few months, activity was still down on a year-over-year basis in July,” said Rob Lacerte, President of the Chilliwack and District Real Estate Board. “New listings were also down from year-ago levels, though the monthly trend for new supply has been on a downward slope ever since the beginning of 2025. Inventories are currently holding steady even with our local market on the cusp of buyer’s territory, while MLS® benchmark prices have recorded their eighth consecutive year-over-year decline amid softer conditions.”

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 $720,300 in July 2026, a moderate decrease of 4.9% compared to July 2025.

The benchmark price for single-family homes was $881,000, falling by 5.4% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $593,400, a decline of 4.6% compared to a year earlier, while the benchmark apartment price was $405,200, down modestly by 3.9% from year-ago levels.

The average price of homes sold in July 2026 was $768,129, a modest gain of 1.7% from July 2025.

The more comprehensive year-to-date average price was $769,953, nearly unchanged, up only 0.1% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $139 million, a substantial decrease of 12.7% from the same month in 2025.

The number of new listings saw a big reduction of 14.2% from July 2025. There were 430 new residential listings in July 2026. This was the lowest number of new listings added in the month of July in five years.

New listings were 10.6% below the five-year average and 10.2% below the 10-year average for the month of July.

Active residential listings numbered 1,408 units on the market at the end of July, increasing by 1.6% from the end of July 2025. Active listings haven’t been this high in the month of July in more than five years.

Active listings were 8.9% above the five-year average and 21.4% above the 10-year average for the month of July.

Months of inventory numbered 7.8 at the end of July 2026, up from the 6.6 months recorded at the end of July 2025 and above the long-run average of 5.2 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.