Chilliwack Real Estate Market Report - June 2026: Buyer-Favored Conditions Persist

Chilliwack (BCREA) — June 2026

In June 2026, the Chilliwack real estate market shows continued buyer-favored conditions with a composite benchmark price of $734,100 and total sales of 204 properties. This represents a 19.7% decrease in sales compared to the same month last year, while active listings have increased to 1,394.

Market Analysis

The Chilliwack real estate market is currently experiencing a shift towards a buyer's market, characterized by an increase in months of inventory, which now stands at 6.8 months, up from 6.3 months in May 2026. With total sales declining by nearly 20% year-over-year, buyers are finding more options available, as evidenced by the rise in active listings. The average price has also seen a slight decrease, settling at $777,613, indicating a potential softening in demand amidst a growing supply.

Property Type Analysis

While specific benchmark prices and sales figures for detached, attached, and apartment properties are not available for June, the overall trend suggests that buyers may have more negotiating power across all property types. The decline in sales and increase in inventory could lead to more favorable conditions for buyers looking for detached homes, townhouses, or apartments, as sellers may need to adjust their expectations in response to the current market dynamics.

Regional Highlights

Regionally, Chilliwack continues to attract attention due to its affordability relative to neighboring markets. The increase in active listings indicates a potential shift in seller sentiment, as more homeowners may be looking to capitalize on the market before any further declines in prices. The area's appeal remains strong, but the current market conditions suggest that buyers are becoming more discerning and selective.

For Buyers

For prospective buyers, this is an opportune time to enter the Chilliwack market, as increased inventory provides a wider selection of properties. Buyers should take advantage of the current buyer-favored conditions by conducting thorough research and being prepared to negotiate, as sellers may be more willing to consider offers below their asking prices.

For Sellers

Sellers in Chilliwack should be mindful of the current market dynamics and the increase in inventory. To attract buyers, it is essential to price properties competitively and ensure they are presented in the best possible condition. Sellers may need to be flexible with their pricing strategies and be prepared for a potentially longer selling period as the market adjusts.