Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 178 units in October 2025. This was a sharp decrease of 25.8% from October 2024.

Home sales were 21.2% below the five-year average and 31.5% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 2,021 units over the first 10 months of the year. This was down sharply by 16.3% from the same period in 2024.

“Home sales and new listings both dropped from year-ago levels as buyers and sellers alike withdrew from the market, a trend that we’re now seeing based on the past few months of data,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Inventory levels are holding fairly steady over the past several months at above-average levels. Meanwhile, with only two months left in the year it appears that average prices haven’t seen much movement compared to 2024. Barring any significant economic changes we’re expecting these trends to continue to play out through the early winter.”

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 $744,800 in October 2025, up modestly by 3.4% compared to October 2024.

The benchmark price for single-family homes was $911,300, an increase of 5.1% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $617,900, a slight reduction of 0.8% compared to a year earlier, while the benchmark apartment price was $422,600, edging down 0.4% from year-ago levels.

The average price of homes sold in October 2025 was $739,510, a decrease of 5.3% from October 2024.

The more comprehensive year-to-date average price was $763,380, a slight reduction of 0.5% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $131.6 million, a substantial decline of 29.7% from the same month in 2024.

The number of new listings saw a sharp decrease of 20% from October 2024. There were 353 new residential listings in October 2025. This was the lowest number of new listings added in the month of October in more than five years.

New listings were 10.9% below the five-year average and 8% below the 10-year average for the month of October.

Active residential listings numbered 1,267 units on the market at the end of October, up by 8.4% from the end of October 2024. Active listings haven’t been this high in the month of October in more than a decade.

Active listings were 23.2% above the five-year average and 30% above the 10-year average for the month of October.

Months of inventory numbered 7.1 at the end of October 2025, up from the 4.9 months recorded at the end of October 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.