BCREA’s Housing Monitor: Sell or Hold in Chilliwack and Abbotsford?

Chilliwack and Abbotsford detached buyers have time to negotiate. Sellers need current pricing and room to carry a slower sale.

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What does BCREA’s Housing Monitor mean if you own a detached home in Chilliwack or Abbotsford and are deciding whether to sell or hold? The local answer is that buyers have time, negotiation is normal, and sellers need to price against current competition. Holding can make sense, but only if the property can comfortably carry through a slower resale window. BCREA updated its Housing Monitor Dashboard on April 29, 2026 as a public market-reading tool. Its value for Fraser Valley owners is the framework: look at absorption, how quickly homes are selling against the available supply; inventory; and pricing power. The supplied local detached figures give that framework its practical meaning. An average-price headline alone cannot make the decision for you. ## Why the local figures give buyers time BCREA says a balanced market usually sits between a 0.15 and 0.25 sales-to-active-listings ratio, which compares sales with the homes available to buy. Below that range, buyers have more bargaining power. Above it, sellers do. That matters because an average sale price can change with the mix of homes sold in a given month. BCREA points to HPI as a measure meant to smooth out that effect. One

NOTE: this representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy.