Chilliwack Real Estate Market – November 2020

Chilliwack MLS® home sales hit a new record in November

The number of homes sold in Chilliwack totaled 375 units in November 2020. This was a large increase of 38.9% from November 2019….. And a new sales record for the month of November. This was also the first November to record more than 350 sales, it was also the first to ever reach above 300 sales.

Record-low inventory levels are prompting more competition among buyers and this continues to drive double-digit price growth and record price levels.

The average price of homes sold in November 2020 was $602,079, rising 18.1% from November 2019.

Active residential listings numbered 649 units at the end of November. This was a large decline of 34.2% from the end of November 2019.

 

If you are thinking of buying or selling feel free to give me a shout or email me directly. Or if you wanted a more detailed report on your specific area please let me know.

 

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Chris McRae Personal Real Estate Corporation

Homelife Advantage Realty Ltd

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