March saw inventory rise and sales slow in Chilliwack Real Estate market

Vancouver

2022/04/25

The latest numbers from the CADREB show 846 listings available at the end of March, ↑ from the 543 posted at the end of February.With more to choose from, buyers didn’t have to leap at the first home they saw, and the result was ↓ 4.7% in the price of single-family homes.While the avg value of 179 units sold still tops $1M, it did fall from $1,118M to $1,066M, but still ↑ 26.3% YoY.There were 396 residential property sales in March, including single-family homes, townhouses, condos, mobile homes, houses with acreage and multi-family plexes.