Chilliwack Real Estate Market Report - August 2026

Chilliwack (BCREA) — August 2026

In August 2026, the Chilliwack real estate market sees a composite benchmark price of $704,600, down from $720,300 in July. Total sales decline to 158, reflecting an 18.1% year-over-year decrease, while active listings increase to 1,441.

Market Analysis

The Chilliwack real estate market is currently characterized as a buyer's market, with 9.1 months of inventory available. This significant increase in inventory, compared to 7.7 months in July, indicates a growing supply relative to demand, which is contributing to downward pressure on prices. The total sales of 158 in August further emphasize this trend, as the market continues to adjust to changing economic conditions and buyer sentiment.

Property Type Analysis

Data specific to property types such as detached homes, attached/townhouses, and apartments is not available for August. However, the overall trend suggests that all property types are likely experiencing similar pressures from increased inventory and reduced sales activity, which could lead to a more competitive environment for buyers across the board.

Regional Highlights

The Chilliwack area continues to show signs of adjustment as the market responds to external economic factors. The increase in active listings to 1,441 reflects a shift in seller confidence, as more homeowners choose to list their properties amidst changing market conditions. This trend may provide buyers with more options and leverage in negotiations.

For Buyers

For buyers in the current market, it is advisable to take advantage of the increased inventory and negotiate effectively. With a variety of options available, buyers should conduct thorough research and consider their long-term needs, as the current market dynamics may provide opportunities for favorable purchase conditions.

For Sellers

Sellers should be mindful of the current buyer's market and the increased competition from active listings. It is essential to price properties competitively and present them well to attract potential buyers. Engaging a knowledgeable real estate professional can help sellers navigate this challenging environment and maximize their sale potential.