Langley Detached Home Update for August 2023
Following are some of the highlights for detached homes in Langley in August 2023:
- There were 83 detached home sales in Langley in August 2023 – a change of 25.76% over August 2022 and a change of -1.19% over July 2023
- There were 162 new listings of detached homes in Langley in August 2023 – a change of 33.88% over August 2022 and a change of -11.96% over July 2023
- The average price of a detached home in Langley in August 2023 was $1,578,560 – a change of 11.76% over August 2022 and a change of -3.76% over July 2023
The sales-to-active listings ratio netted out a market absorption rate of 23.99%, indicating a Seller's Market for detached homes in Langley in August 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Langley Detached Home Market Update August 2023.
Langley Townhouse Update for August 2023
Following are some of the highlights for townhouses in Langley in August 2023:
- There were 77 townhouse sales in Langley in August 2023 – a change of 13.24% over August 2022 and a change of -8.33% over July 2023
- There were 101 new listings of townhouses in Langley in August 2023 – a change of -5.61% over August 2022 and a change of -22.31% over July 2023
- The average price of a townhouse in Langley in August 2023 was $864,722 – a change of 9.91% over August 2022 and a change of 0.78% over July 2023
The sales-to-active listings ratio netted out a market absorption rate of 57.04%, indicating a Seller's Market for townhouses in Langley in August 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Langley Townhouse Market Update August 2023.
Langley Condominium Update for August 2023
Following are some of the highlights for condominiums in Langley in August 2023:
- There were 100 condominium sales in Langley in August 2023 – a change of 56.25% over August 2022 and a change of -5.66% over July 2023
- There were 161 new listings of condominiums in Langley in August 2023 – a change of 33.06% over August 2022 and a change of -9.04% over July 2023
- The average price of a condominium in Langley in August 2023 was $599,676 – a change of 2.26% over August 2022 and a change of -1.89% over July 2023
The sales-to-active listings ratio netted out a market absorption rate of 38.61%, indicating a Seller's Market for condominiums in Langley in August 2023 (click on the link learn more about local housing market ratios on the BC Real Estate Association Blog.
Full details here: Langley Condominium Market Update August 2023.
*Disclaimer*
All of the data for the monthly real estate market updates are taken directly from the 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 FVREB’s current statistics package.