Chilliwack & District Real Estate Board

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 211 units in July 2025. This was a decline of 9.4% from July 2024.

Home sales were 4.5% below the five-year average and 21.8% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 1,462 units over the first seven months of the year. This was down sharply by 15.7% from the same period in 2024.

“Sales activity plunged on a monthly basis in the first half of the year as fallout from the tariff chaos took hold, but it seems that the housing market has shaken that off and is coming back to life,” said Emily Vernon, President of the Chilliwack and District Real Estate Board. “The past two months have marked a significant reversal in momentum. Although sales are still trending just below their average levels for this time of year, we’re no longer looking at the double-digit declines we saw in the first five months of 2025. An accompanying decline in new supply has supported a strengthening of the market balance, which no longer sits in buyer’s territory.”

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 $754,900 in July 2025, increasing by 1.1% compared to July 2024.

The benchmark price for single-family homes was $926,600, a modest gain of 2.3% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $627,000, nearly unchanged, down only 0.3% compared to a year earlier, while the benchmark apartment price was $419,300, a minor decrease of 1.8% from year-ago levels.

The average price of homes sold in July 2025 was $754,980, a minor increase of 1% from July 2024.

The more comprehensive year-to-date average price was $768,407, a slight reduction of 0.7% from the first seven months of 2024.

The dollar value of all home sales in July 2025 was $159.3 million, falling by 8.5% from the same month in 2024.

The number of new listings saw a modest decline of 3.5% from July 2024. There were 490 new residential listings in July 2025.

New listings were 2.9% above the five-year average and 1.8% above the 10-year average for the month of July.

Active residential listings numbered 1,375 units on the market at the end of July, up by 5.6% from the end of July 2024. Active listings haven’t been this high in the month of July in more than five years.

Active listings were 21.1% above the five-year average and 26.1% above the 10-year average for the month of July.

Months of inventory numbered 6.5 at the end of July 2025, up from the 5.6 months recorded at the end of July 2024 and above the long-run average of 4.6 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.