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Current: Chilliwack (+Yarrow, Rosedale, and Sardis) is in a Stable Market with average listing inventories, 14 %SOLD rate, and the Sale Price/List Price=97%.
(This means that there is an average of $24,900 decrease on a sale from the original list price)Lesson
Most Active Range: Homes between $800,000- $950,000 have 17.4 %SOLD rate.
Least Active Range: Homes between $1.2 mill. - $1.35 mill. have 10.7 %SOLD rate.
History: The Chilliwack Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $75,151.
The Chilliwack Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices decreased $31,000.
*The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.
Forecast: Chilliwack has average Listing supply; 576 homes are for sale and with the 14 %SOLD monthly rate gives us a ~7 months of inventory. 24% of the Active Listings have reduced their price by $38,051 on average or $25,001 on median. We project Chilliwack Detached to be a continued Stable market.
Greater Vancouver May 2026:
The Metro Vancouver housing market nosedived in May. Detached home prices dropped by an average of $12,351. This is a much bigger drop than April, when prices only went down $745. Right now, in what is normally one of our stronger spring market months, 76% of detached-home markets are declining.
Condo prices also fell, by an average of $2,047. About 61% of condo markets are still decreasing, but townhomes are doing better this month. Prices went up by an average of $888. Even better, 63% of townhome markets are rising. Last month, only 18% were going up. This shows more buyers are interested in townhomes. The June forecast for is that detached homes and condos will stay under strong downward pressure, while townhomes could remain stable.
It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.
Fraser Valley May 2026:
The Fraser Valley housing market slowed down in May. Detached home prices dropped by an average of $8,452. This is a bigger drop than April, when prices went down $3,825. Right now, that is not good for what is normally one of our stronger spring market months, with 83% of detached-home markets declining.
Condo prices were the bright spot. Prices went up by an average of $1,212, bouncing back from April, when prices went down $815. Right now, 67% of condo markets are rising. Last month, only 50% were going up. This shows more buyers are interested in condos again.
Townhomes are still under pressure. Prices fell by an average of $4,062. Right now, 75% of townhome markets are declining, the same as last month. This means the townhouse market could be under even more pressure next month.
The June forecast is that detached homes and townhouses will stay under strong downward pressure. Condos, as the most affordable choice, could continue to improve or stabilize.
It’s more important than ever to know what’s happening in your local area. Want to see which neighbourhoods are doing well or not? Check VancouverMarketReports.com every Saturday at noon for the latest Sell-Through Rates for all 17 cities. For advice or a free home market review, call Bill Coughlin and the Coughlin Team at 778-374-3744. We can help you make the best move.
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