Chilliwack & District Real Estate Board: July 2026 Composite Benchmark Price $720,300, Sales Total 181, Price Down 4.9% YoY

Chilliwack & District Real Estate Board — July 2026

The Chilliwack and District Real Estate Board reported 181 home sales in July 2026, a decline of 14.2% from July 2025. The overall MLS® HPI composite benchmark price was $720,300, marking a 4.9% decrease compared to July 2025.

Market Analysis

The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 181 units in July 2026. This was a decline of 14.2% from July 2025. Home sales were 7.5% below the five-year average and 27.3% below the 10-year average for the month of July. On a year-to-date basis, home sales totaled 1,206 units over the first seven months of the year, a substantial decline of 17.3% from the same period in 2025. In June 2026, total sales were 204 units. The overall MLS® HPI composite benchmark price was $720,300 in July 2026, a decrease of 4.9% compared to July 2025. This is down from the prior month's composite benchmark of $734,100 in June 2026. The average price of homes sold in July 2026 was $768,129, a gain of 1.7% from July 2025. The year-to-date average price was $769,953, up 0.1% from the first seven months of 2025. The dollar value of all home sales in July 2026 was $139 million, a decrease of 12.7% from July 2025.

New listings saw a reduction of 14.2% from July 2025, with 430 new residential listings in July 2026. This was the lowest number of new listings added in the month of July in five years. New listings were 10.6% below the five-year average and 10.2% below the 10-year average for the month of July. Active residential listings numbered 1,408 units on the market at the end of July, increasing by 1.6% from the end of July 2025. Active listings in June 2026 were 1,399 units. Active listings haven’t been this high in the month of July in more than five years. Active listings were 8.9% above the five-year average and 21.4% above the 10-year average for the month of July. According to Rob Lacerte, President of the Chilliwack and District Real Estate Board, “Although sales have seen a bit of an upward swing over the past few months, activity was still down on a year-over-year basis in July. New listings were also down from year-ago levels, though the monthly trend for new supply has been on a downward slope ever since the beginning of 2025. Inventories are currently holding steady even with our local market on the cusp of buyer’s territory, while MLS® benchmark prices have recorded their eighth consecutive year-over-year decline amid softer conditions.”

Property Type Analysis

The MLS® Home Price Index (HPI) tracks price trends. The benchmark price for single-family homes was $881,000, falling by 5.4% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $593,400, a decline of 4.6% compared to a year earlier, while the benchmark apartment price was $405,200, down modestly by 3.9% from year-ago levels. These figures are published by the Chilliwack & District Real Estate Board.