Chilliwack & District Real Estate Board Reports June 2026 Market Trends

Chilliwack & District Real Estate Board — June 2026

In June 2026, the Chilliwack & District Real Estate Board reports a composite benchmark price of $734,100, with total sales reaching 204 units. This marks a 19.7% decrease in sales compared to June 2025, reflecting a continued cooling in the local real estate market.

Market Analysis

The Chilliwack real estate market is currently characterized as a buyer's market, with 6.9 months of inventory available at the end of June 2026. This figure is significantly above the long-run average of 4.4 months, indicating that buyers have more options and negotiating power. The total number of active listings has risen to 1,399, a 1.6% increase from the previous year, and 10.8% above the five-year average for this time of year. Despite a steady influx of new listings, which totaled 478 in June, the market continues to see a decline in sales activity, with total sales down 10% from the five-year average and 29.8% below the 10-year average for June.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $900,900, while attached/townhouses are priced at $600,400, and apartments at $413,900. Although specific sales figures for these categories are not available, the overall downward trend in benchmark prices suggests that all property types are experiencing similar market pressures, with year-over-year declines of 3.9% for detached homes, 4.4% for townhouses, and 1.8% for apartments.

Regional Highlights

The Chilliwack region is witnessing a notable shift in market dynamics, as the number of new listings remains relatively stable compared to last year, with only a slight increase of 0.8%. However, the overall sales volume has sharply declined, leading to a significant drop in the dollar value of home sales, which totaled $155.6 million in June 2026, down 23% from the same month in 2025. This trend indicates a cautious approach from both buyers and sellers amid changing economic conditions.

For Buyers

For prospective buyers, this is an opportune time to enter the market, given the increased inventory and the buyer-friendly conditions. With a variety of options available and less competition, buyers should consider conducting thorough research and possibly negotiating on price, as many sellers may be more willing to accommodate offers in the current market environment.

For Sellers

Sellers should be aware of the current market dynamics and the increased inventory levels. To attract potential buyers, it is crucial to price properties competitively and ensure they are in excellent condition. Additionally, considering the overall market slowdown, sellers may benefit from being flexible with terms and being prepared for longer selling times.