Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 129 units in February 2026. This was a sharp decrease of 31% from February 2025.

Home sales were 42.7% below the five-year average and 47.8% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 244 units over the first two months of the year. This was down sharply by 31.3% from the same period in 2025.

“Home sales are still trending below average as of February, while new listings recorded a bit of a spike as sellers are eagerly trying to lure buyers back into the market,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Buyers, however, are cool at the moment, which means that with more active sellers we have seen a gradual buildup of inventory since the beginning of last year. With our market firmly in buyer’s territory we are surprised that more buyers have not come off the sidelines yet, although they may be awaiting the traditionally more active springtime market.”

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 $724,500 in February 2026, a modest decline of 3.4% compared to February 2025.

The benchmark price for single-family homes was $881,700, down modestly by 3.7% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $599,800, a decrease of 6% compared to a year earlier, while the benchmark apartment price was $418,200, a slight gain of 0.1% from year-ago levels.

The average price of homes sold in February 2026 was $683,910, a substantial decrease of 11.1% from February 2025.

The more comprehensive year-to-date average price was $729,084, a slight reduction of 0.4% from the first two months of 2025.

The dollar value of all home sales in February 2026 was $88.2 million, a substantial reduction of 38.7% from the same month in 2025.

The number of new listings saw a gain of 19.3% from February 2025. There were 463 new residential listings in February 2026.

New listings were 1.4% below the five-year average and 6.1% above the 10-year average for the month of February.

Active residential listings numbered 1,087 units on the market at the end of February, up by 7.4% from the end of February 2025. Active listings haven’t been this high in the month of February in more than a decade.

Active listings were 22.3% above the five-year average and 36.1% above the 10-year average for the month of February.

Months of inventory numbered 8.4 at the end of February 2026, up from the 5.4 months recorded at the end of February 2025 and above the long-run average of 4.1 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.