Chilliwack Real Estate Market Report - July 2026: Prices Stabilize Amid Decreased Sales

Chilliwack (BCREA) — July 2026

In July 2026, the Chilliwack real estate market sees a composite benchmark price of $720,300, down from $734,100 in June. Total sales decline to 181, reflecting a 14.2% year-over-year decrease, while active listings rise to 1,400, indicating a shift toward a buyer's market.

Market Analysis

The Chilliwack real estate market is currently experiencing a buyer's market condition, characterized by a months of inventory (MOI) of 7.7. This is an increase from 6.8 in June, suggesting that supply is outpacing demand as buyers have more options to choose from. The decrease in total sales from 204 in June to 181 in July further emphasizes this trend, as potential buyers seem to be taking a more cautious approach amid fluctuating prices and economic uncertainty.

The average price in July stands at $768,129, which, while slightly elevated, reflects a stabilization compared to the previous month. The lack of new listings has not significantly impacted the overall market dynamics, as the existing inventory continues to provide ample choices for buyers. The market's current conditions indicate that buyers are negotiating more favorable terms, which could lead to a more balanced market in the coming months if sales continue to decline.

Property Type Analysis

Data on specific property types remains unavailable for July 2026; however, the overall market trends suggest that detached homes, townhouses, and apartments may all be experiencing similar pressures from increased inventory and declining sales. As the market shifts toward a buyer's preference, it is likely that all property types will need to adapt to the changing landscape, with potential price adjustments across the board to attract buyers.

Regional Highlights

Chilliwack continues to see a diverse range of properties available, with active listings reaching 1,400 this month. This increase in inventory may be attributed to seasonal trends, as sellers look to capitalize on the summer market. The overall economic environment, including interest rates and local employment trends, will play a crucial role in shaping future market conditions as the region navigates through these changes.

For Buyers

For buyers in the Chilliwack market, the current conditions present a unique opportunity to negotiate better terms and prices. With a higher inventory of homes available, buyers should take the time to explore various options and consider making offers that reflect the current market dynamics. Engaging with a knowledgeable real estate agent can provide valuable insights and help navigate the negotiation process effectively.

For Sellers

Sellers in Chilliwack should be mindful of the current buyer's market and adjust their expectations accordingly. With increased competition from active listings, it is essential to price homes competitively and present them in the best possible condition. Working with a real estate professional can help sellers develop a strategic marketing plan to attract potential buyers and facilitate a successful sale.