Home sales continue to be down locally, according to the latest monthly report by the Chilliwack and District Real Estate Board.
The number of homes sold in April was 229, representing a substantial decline of 18.5 per cent from April 2024. The board covers homes sold in Chilliwack, Agassiz, Harrison Hot Springs, Hope and Boston Bar.
Home sales were 30 per cent below the five-year average and 31.3 per cent below the 10-year average for the month of April.
On a year-to-date basis, home sales totalled 817 units over the first four months of the year. This was a significant decrease of 15.1 per cent from the same period in 2024.
"Sales and listings were both downbeat in April as buyers and sellers alike seem to be in no rush to get back into the market," said Emily Vernon, president of the board. "With the Canadian election now in the rearview, there is hope that with greater clarity on domestic policies and the possible resolution or productive negotiations on the trade front that consumers may regain some of their confidence with respect to the medium term outlook."
She added that although the market is low, "homes that are smartly priced are selling.”
The MLS Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS HPI composite benchmark price was $764,200 in April, up modestly by 1 per cent compared to April 2024.
The benchmark price for single-family homes was $936,400, "essentially unchanged," up just 0.9 per cent from this time last year. By comparison, the benchmark price for townhouse/row units was $645,600, a small gain of 1.6 per cent compared to a year earlier, while the benchmark apartment price was $425,000, increasing by 3.8 per cent from year-ago levels.
The average price of homes sold in April was $820,889, up by 6.7 per cent from April 2024. The dollar value of all home sales in April was $188 million, a big reduction of 13 per cent from the same month in 2024.
The number of new listings saw a substantial decline of 16.6 per cent from April 2024. There were 507 new residential listings in April 2025.
There were 1,203 active residential listings on the market at the end of April, a gain of 4.5 per cent from the same time last year. Active listings haven't been this high in the month of April in more than five years, the board said.
Active listings were 21.2 per cent above the five-year average and 25.6 per cent above the 10-year average for the month of April.
