The Fraser Valley Real Estate Board recently published the MLS® statistics for the Langley real estate market, among others, for April 2021.
In this post, we’re going to take a close look at key numbers for the Langley detached home market for April 2021 – including sales, new listings, active listings, as well as benchmark, median and average prices for detached homes for sale in Langley.
We're also going to see what kind of shape the detached home market in Langley was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.
Although it remains very competitive and challenging for buyers, April could be the turning point in this historic market. In the last couple of weeks, we have seen evidence of a change in pace.
Larry Anderson – President, Fraser Valley Real Estate Board
And we're going to look at how the Langley MLS® numbers for April 2021 compare with the numbers for April 2020 and for March 2021.
Highlights of FVREB MLS® Data on Langley Detached Home Listings and Sales
Here's a high-level snapshot of listing and sales activity for Langley detached homes in April 2021.
- 212 Sales
- 310 New Listings
- 279 Active listings
- $1,345,100 Benchmark Price
- $1,308,756 Median Price
- $1,400,204 Average Price
The sales-to-active-listings ratio netted out a market absorption rate of 75.99%, indicating that it was a Seller's Market for detached homes in Langley in April 2021 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).
Please note: If you want the most accurate and up-to-date data on Langley MLS® listing and sales activity for detached homes, you need to speak with a real estate agent.
Langley Detached Home Market Changes
Following are some of the highlights for detached homes for sale in Langley in April 2021:
- There were 212 detached home sales in Langley in April 2021 – an increase of 443.59% over April 2020 and a decrease of -0.93% over March 2021
- There were 310 new listings of detached homes in Langley in April 2021 – an increase of 252.27% over April 2020 and a decrease of -7.46% over March 2021
- The average price of a detached home in Langley in April 2021 was $1,400,204 – an increase of 32.40% over April 2020 and a decrease of -1.11% over March 2021
If you're really keen to understand what happened in the market for detached home in Langley in April 2021, make sure you check out the next section.
Detailed Overview of the Market for Detached Homes in Langley
Check out the table below for more detailed information on what happened in the Langley detached home market in April 2021 and see how it compares with the previous year and previous month.
Langley Detached Home Stats
| Metric | Apr 2021 | Apr 2020 | % Change | Mar 2021 | % Change |
|---|---|---|---|---|---|
| Sales | 212 | 39 | 443.59% | 214 | -0.93% |
| New Listings | 310 | 88 | 252.27% | 335 | -7.46% |
| Active Listings | 279 | 285 | -2.11% | 241 | 15.77% |
| Benchmark Price | $1,345,100 | $1,039,800 | 29.36% | $1,279,600 | 5.12% |
| Median Price | $1,308,756 | $997,000 | 31.27% | $1,305,000 | 0.29% |
| Average Price | $1,400,204 | $1,057,516 | 32.40% | $1,415,974 | -1.11% |
Disclaimer
All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.
Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the Langley real estate market.
Or, better still, speak directly with a real estate agent who specializes in Langley detached homes who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Langley real estate market.