Chilliwack & District Real Estate Board Reports August 2026 Market Trends

Chilliwack & District Real Estate Board — August 2026

In August 2026, the Chilliwack & District Real Estate Board reports a composite benchmark price of $704,600, reflecting a 5.2% decrease year-over-year. Total sales reached 159 units, down 17.6% from the previous year, while active listings stood at 1,353.

Market Analysis

The real estate market in Chilliwack continues to show signs of a buyer's market, with a sales-to-new-listings ratio (SNLR) of 47.6%. This indicates that new supply is not keeping pace with demand, contributing to an increase in months of inventory, which now sits at 8.5 months. Compared to July 2026, where the months of inventory was 7.8, this upward trend suggests that buyers have more options available, but the overall sales activity remains below long-term averages.

Property Type Analysis

The benchmark prices for various property types reflect a consistent downward trend. Detached homes have a benchmark price of $859,200, while attached/townhouses are at $582,900, and apartments are priced at $401,000. Although specific sales data for these categories is not available, the overall decline in benchmark prices indicates a market adjustment across all property types.

Regional Highlights

Active listings have decreased slightly by 1.6% compared to August 2025, but remain 7.3% above the five-year average. New listings have seen a significant drop, with only 334 added in August 2026, marking the lowest number for this month in over a decade. This trend suggests that sellers are becoming more cautious, potentially impacting future market dynamics as inventory levels stabilize.

For Buyers

Prospective buyers should take advantage of the current buyer's market, where increased inventory provides more options. With prices trending downward, it may be an opportune time to negotiate favorable terms. Buyers are encouraged to conduct thorough market research and consider properties that meet their long-term needs.

For Sellers

Sellers should be mindful of the current market conditions and the decreasing trend in benchmark prices. It is advisable to price homes competitively to attract potential buyers, as the number of new listings continues to decline. Working with a knowledgeable real estate professional can help sellers navigate pricing strategies effectively.