Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 190 units in September 2025. This was a substantial decrease of 11.2% from September 2024.

Home sales were 11.7% below the five-year average and 25% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 1,843 units over the first nine months of the year. This was a large decline of 15.3% from the same period in 2024.

“Sales and new listings both pulled back in September after a very strong showing over the summer,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “Prices and inventories are generally moving sideways at the moment, holding steady on course and awaiting the return of buyers in greater numbers. With the Bank of Canada’s quarter-point cut in September it seems that interest rates will likely not move any lower, or at least not by much, so this could be the bottom that many people have been waiting for in terms of how it will affect their borrowing costs.”

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 September 2025, a modest gain of 1.5% compared to September 2024.

The benchmark price for single-family homes was $903,200, up modestly by 2.4% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $619,300, a minor increase of 1.1% compared to a year earlier, while the benchmark apartment price was $417,600, a small reduction of 3.7% from year-ago levels.

The average price of homes sold in September 2025 was $771,900, increasing by 2.2% from September 2024.

The more comprehensive year-to-date average price was $765,685, unchanged from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $146.7 million, down by 9.2% from the same month in 2024.

The number of new listings saw a decrease of 6.1% from September 2024. There were 479 new residential listings in September 2025.

New listings were 1.4% above the five-year average and 2.4% above the 10-year average for the month of September.

Active residential listings numbered 1,344 units on the market at the end of September, a moderate gain of 9.2% from the end of September 2024. Active listings haven’t been this high in the month of September in more than a decade.

Active listings were 22.4% above the five-year average and 27.9% above the 10-year average for the month of September.

Months of inventory numbered 7.1 at the end of September 2025, up from the 5.8 months recorded at the end of September 2024 and above the long-run average of 4.8 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