Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 165 units in November 2025. This was a sharp decrease of 13.2% from November 2024.

Home sales were 13.1% below the five-year average and 28.2% below the 10-year average for the month of November.

On a year-to-date basis, home sales totaled 2,185 units over the first 11 months of the year. This was down sharply by 16.1% from the same period in 2024.

“Sales activity took a dip in November compared to year-ago levels even as new listings came in slightly below average and inventory levels were trending above par for this time of year,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Our sales totals will likely come in well below last year’s annual levels as tariff chaos and economic uncertainty sidelined buyers and resulted in a weaker than expected spring market in 2025.”

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 $739,700 in November 2025, up modestly by 2.5% compared to November 2024.

The benchmark price for single-family homes was $906,500, a minor increase of 3.9% on a year-over-year basis in November. By comparison, the benchmark price for townhouse/row units was $609,300, a small reduction of 2.3% compared to a year earlier, while the benchmark apartment price was $416,700, edging down 0.5% from year-ago levels.

The average price of homes sold in November 2025 was $784,715, a minor increase of 2.3% from November 2024.

The more comprehensive year-to-date average price was $765,049, a slight reduction of 0.3% from the first 11 months of 2024.

The dollar value of all home sales in November 2025 was $129.5 million, a substantial decline of 11.2% from the same month in 2024.

The number of new listings saw a modest gain of 1.8% (five listings) from November 2024. There were 283 new residential listings in November 2025.

New listings were 3.7% below the five-year average and 2.9% below the 10-year average for the month of November.

Active residential listings numbered 1,166 units on the market at the end of November, up by 16.1% from the end of November 2024. Active listings haven’t been this high in the month of November in more than a decade.

Active listings were 25.6% above the five-year average and 35.3% above the 10-year average for the month of November.

Months of inventory numbered 7.1 at the end of November 2025, up from the 5.3 months recorded at the end of November 2024 and above the long-run average of 4.4 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.