Chilliwack and area real estate sees ‘slow and steady’ improvement

Chilliwack and area real estate sees ‘slow and steady’ improvement

New supply holding strong, available inventory just ‘slightly above average levels,’ says CADREB

The Chilliwack real estate market is undergoing “slow and steady” improvements, even if March sales numbers fell a little flat.

The Chilliwack and District Real Estate Board characterized home sales as “subdued but still rising” according to CADREB’s monthly report for March.

The number of homes sold through the MLS System in Chilliwack totalled 266 units in March 2024 – a decrease of 8.9 per cent from March 2023.

“Although sales activity came in below last year’s March reading, we are still seeing signs of a slow and steady improvement on a month-by-month basis in our market,” said Steven Kelly, president of the Chilliwack and District Real Estate Board.

New supply is holding strong, and available inventory is just “slightly above average levels,” Kelly said.

Once demand picks up there will be ample listings to supply those

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