Chilliwack real estate sales show slight gains, as new supply declines: CADREB president
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CHILLIWACK — Home sales in the greater Chilliwack area showed modest gains in June, while new housing supply is starting to decline as sellers pull back from the recent peak of activity, according to Emily Vernon, president of the Chilliwack and District Real Estate Board.
CADREB released its monthly figures Tuesday showing the number of homes sold through the Multiple Listing System totaled 254 units in June 2025, a gain of 2.4 per cent from June 2024. At the same time, home sales were 4.5 per cent lower than the five-year average for June.
On a year-to-date basis, home sales totaled 1,251 units over the first six months of the year. This was a substantial decline of 16.7 per cent from the same period in 2024.
“Although home sales were only just above levels from the same month last year, June marked a departure from the declining monthly trend that began in early 2025. Right now, it’s too early to tell if this is the beginning of momentum that will get us back on track to more solid activity or just a one-off,” said Emily Vernon, president of the Chilliwack and District Real Estate Board. “New supply is still declining as sellers are pulling back from the recent peak activity at the beginning of the year, which should hopefully allow the market to move away from buyer’s territory and back to the lower end of a more balanced position.”
