Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 194 units in August 2025. This was a large decline of 14.5% from August 2024.

Home sales were 11.3% below the five-year average and 27% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 1,655 units over the first eight months of the year. This was a substantial decline of 15.6% from the same period in 2024.

“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 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 $741,400 in August 2025, edging up 0.9% compared to August 2024.

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.

The average price of homes sold in August 2025 was $733,657, a modest gain of 3.3% from August 2024.

The more comprehensive year-to-date average price was $764,490, nearly unchanged, down only 0.3% from the first eight months of 2024.

The dollar value of all home sales in August 2025 was $142.3 million, a substantial decrease of 11.7% from the same month in 2024.

The number of new listings saw a small reduction of 2.1% (nine listings) from August 2024. There were 415 new residential listings in August 2025.

New listings were 0.6% above the five-year average and 1.2% below the 10-year average for the month of August.

Active residential listings numbered 1,367 units on the market at the end of August, increasing by 11.2% from the end of August 2024. Active listings haven’t been this high in the month of August in more than a decade.

Active listings were 24.1% above the five-year average and 29.8% above the 10-year average for the month of August.

Months of inventory numbered 7 at the end of August 2025, up from the 5.4 months recorded at the end of August 2024 and above the long-run average of 4.7 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.